Nigeria Morning Brief: Dangote IPO, US Arms Delivery, and Opposition Alliances

Africa’s largest-ever initial public offering launches next Monday, with ₦2.15 trillion ($1.6 billion) on the line. Aliko Dangote’s refinery is targeting 10 million Nigerian investors at a minimum of ₦5,250 per stake—a move he calls the “IPO of the people.” While excitement runs high, a Daily Trust analysis urges caution: remember Dangote’s past ventures, like the shuttered Dansa Foods and Kano tomato factory, before you “buy, buy, buy.”

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