Stock Market Gains N1.665trn In 3 Days As Analysts See $60bn Boost From Dangote Refinery Listing

The Nigerian Exchange (NGX) has added N1.665 trillion to its market capitalisation in three days as capital market analysts and the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, project that the listing of Dangote Refinery and Petrochemicals could further lift the bourse by about $60 billion.
The proposed listing of Dangote Refinery and Petrochemicals is expected to add about $60 billion to the market capitalisation of the Nigerian Exchange (NGX), capital market analysts have said.
The market performance, which had been in decline in anticipation of the Dangote Refinery offer, has picked up over the last five days, with the market value increasing by N1.665 trillion a...