Dangote Refinery Could Be Worth Up to N82.6 Trillion, Analysts Say, Above IPO Valuation
CardinalStone and Chapel Hill Denham see significant upside to the refinery’s N65.22 trillion indicative listing valuation, but warn that the investment case hinges on earnings growth, refining margins, and successful expansion Dangote Petroleum Refinery and Petrochemicals FZE could be worth between N77.7 trillion and N82.62 trillion, according to independent valuations by Nigerian investment firms CardinalStone […]
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