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Dangote Refinery IPO hype: SEC says pump the brakes before you lose your money

O

4 months ago

The SEC just shut down early promotions for the Dangote Refinery IPO because people were already collecting money for shares that don't even exist yet. Some market operators were taking deposits and promising guaranteed allocations before any official filing was made. If we can't trust that a Dangote-backed investment is properly regulated, what does that say about how easy it is to get scammed in Nigeria?
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