Dangote foundation to give refinery shares to 777,907 Nigerian women
By the AFREEQUE newsroom, based on Mercado
The Aliko Dangote Foundation plans to distribute 15.56 million shares in the Dangote refinery to 777,907 vulnerable women in 15 Nigerian states. Each beneficiary is expected to receive 20 shares, funded equally by the governments concerned and the foundation, according to Nigerian newspaper Premium Times.
The Aliko Dangote Foundation plans to distribute 15.56 million shares in Dangote Petroleum Refinery and Petrochemicals to 777,907 vulnerable Nigerian women. The initiative is being conducted in partnership with 15 Nigerian state governments, the newspaper Premium Times reports.
Each beneficiary is expected to receive 20 shares, valued at an indicative price of 525 naira each. The programme aims to promote financial inclusion and women’s access to the capital market. The distribution concerns the Dangote Group refinery, whose stock market listing is attracting investors from 90 countries, according to an earlier report on the IPO.
The initiative comes as the refinery prepares to list on the stock exchange, an approach Dangote had presented as a way to attract small investors. On 14 October, the group said it would prioritise this category of investors in the offering.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
