Ordinary Nigerians are buying into a mega-refinery — and bankers say it could wake up a whole market

Subscriptions are closing on the public offering for Nigeria's Dangote refinery, a sale aimed mainly at everyday retail investors and targeting about $1.6 billion for expansion. The response has been so enthusiastic it strained investment platforms. A senior Citi banker told Reuters the excitement could draw more Africans into local stock markets — fewer than 5% of Nigerian adults currently invest — and help countries fund roads and ports with their own savings.