Dangote Refinery to raise ₦2.15 trillion at ₦525 per share... but is the valuation justified?

Dangote Refinery wants to raise ₦2.15 trillion at ₦525 per share — but is the valuation justified? On this episode of Market Watch, we break down three major investment stories shaping the Nigerian market. First, we examine Dangote Refinery’s IPO process, involving 4.1 billion shares at ₦525 each. What does the implied valuation mean for investors? How does Dangote Refinery compare with international refiners such as Tüpraş and HF Sinclair? And after its earlier $2.5 billion private placement, what should investors consider before buying into the public offer? We also look at Wema Bank, which has delivered significant earnings and share-price growth. At around ₦29.60, can the stock continue its run over the next year, and what numbers should investors watch? Finally, PZ Cussons Nigeria reported about ₦45 billion in profit, but a substantial portion was supported by gains from asset disposals. Can the company sustain its improved performance from its core operations, and what does its stronger balance sheet and return to dividends mean for shareholders? Three companies. Three very different investment stories. We break down the numbers and what they mean for your money. #MarketWatch #DangoteRefinery #DangoteIPO #WemaBank #PZCussons #NGX #NigerianStocks #Investing #NairametricsTV