LagosTen shares, worth about $4, buy in.
The offer opens ownership of Africa’s biggest refinery beyond its single founder for the first time.
The $1.6 billion offer targets 10 million retail investors, valuing the 700,000-barrel-a-day plant near $50 billion.
Subscription opens 14 September, as Brent crude trades near $96 a barrel as of 1 September.
How each outlet framed it
- Premium Times Nigeria leans favorable
- emphasizes mass-market democratization (₦5,250 minimum, targets 10M retail investors including drivers and traders)
Sources: Premium Times Nigeria