SEC Bans IPO Marketing for Dangote Refinery Offer

SEC announcement on Nigeria’s capital market reform introducing T+1 settlement cycle for equities and commodities transactions effective June 1, 2026.

By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has warned investors against a purported Initial Public Offering (IPO) involving Dangote Petroleum Refinery & Petrochemicals FZE, declaring that no such offer has been filed with or approved by the regulator. In a public notice issued on Tuesday, the Commission said it uncovered a wave of […]

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