Equity investors in Dangote Group stocks are celebrating a significant gain of over 1.2tn in just the first two trading sessions of this week.
This surge in stock value is attributed to the increased interest in companies listed on the Nigerian Exchange Limited, spurred by the commencement of production at the Dangote Petrochemical Refinery.
The refinery has recently started producing diesel and aviation fuel, contributing to the positive momentum in the stock market.The listing of Dangote Refinery, a development eagerly anticipated by analysts, is viewed as a substantial boost to the capital market.
Dangote, expressing his views on the refinery’s production kick-off, emphasized its significance as a “game changer” and an “important achievement” for the country.
Source: PUNCH