Dangote Refinery IPO is now available

Twelve things to understand before you invest

1. You are buying shares in a Nigerian company.
2. This is a single company in a single industry in a single foreign country.
3. Your money is converted twice before it buys anything.
4. If the offer is oversubscribed you may get fewer shares than you applied for, or none.
5. You will be the beneficial owner of your shares, but they will not be registered in your name.
6. Getting money out of Nigeria depends on a Certificate of Capital Importation.
7. The total cost of investing is higher than for a Ghanaian share.
8. Your dividends are reinvested in more Dangote Petroleum Refinery and Petrochemicals shares unless you instruct otherwise.
9. You will be taxed in both countries.
10. You have no Ghanaian compensation cover for this investment.
11. You cannot sell any number of shares you like.
12. Selling takes longer than for a Ghanaian share.