By Ayomide Otitoju President of the Dangote Group, Aliko Dangote, has said the listing of Dangote Petroleum Refinery and Petrochemicals FZE on the Nigerian Exchange (NGX) is aimed at broadening wealth creation rather than raising funds for the company. Dangote made the remarks on Monday at the NGX trading floor in Lagos during the official…
By Ayomide Otitoju The Minister of Power, Joseph Tegbe, has secured a commitment from Chinese equipment manufacturer TBEA to establish a power and energy equipment industrial park in Nigeria. Tegbe secured the commitment during a high-level meeting at TBEA’s headquarters in Beijing as part of his working visit to engage original equipment manufacturers and technical…
By Ayomide Otitoju The Dangote Refinery initial public offering (IPO) is set to test the depth of Nigeria’s capital market and the extent to which ordinary investors can participate in Africa’s largest public share offer. At ₦525 per share, investors can subscribe to a minimum of 10 shares for ₦5,250, giving them an opportunity to…
By Ayomide Otitoju Zenith Bank has opened its digital and branch channels for Nigerians at home and abroad seeking to subscribe to the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals. The bank, a receiving bank and designated electronic application channel for the offer, said investors can subscribe through its website, mobile app,…
By Ayomide Otitoju The Nigerian Civil Aviation Authority (NCAA) has fined RwandAir ₦15 million for violating consumer protection regulations over a passenger’s damaged baggage. NCAA spokesperson Michael Achimugu disclosed this in a post on his personal X handle on Friday. He said the sanction was imposed after the airline failed to resolve the passenger’s baggage…
By Ayomide Otitoju The Comptroller-General of Customs, Adewale Adeniyi, has warned that Apapa Port will not be allowed to become a conduit for security threats following the interception of 13 containers carrying narcotics, codeine syrup, restricted drones, used clothing and expired consumer products valued at ₦43.59 billion. Adeniyi disclosed this on Thursday, September 10, 2026,…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has urged businesses to embrace joint responsibility with the Service to facilitate faster cargo clearance and reduce the cost of doing business in Nigeria. The Comptroller-General of Customs, Adewale Adeniyi, made the call on Thursday at a sensitisation programme on Post-Clearance Audit (PCA) in Lagos. Adeniyi said…
By Ayomide Otitoju MTN Nigeria has been named Digital Company of the Decade at the DTN@100 Times Heroes Awards organised as part of Daily Times Nigeria’s centenary celebrations. The recognition acknowledges MTN Nigeria’s contribution to expanding digital connectivity and its role in shaping how Nigerians communicate, work, transact and access services. The award comes as…
By Ayomide Otitoju FirstBank has announced channels through which customers and investors can subscribe to the Dangote Petroleum Refinery & Petrochemicals FZE Initial Public Offering (IPO), which opens on September 14, 2026. FirstBank is acting as a Receiving Bank for the offer, which comprises 4.1 billion ordinary shares priced at ₦525 each. The bank said…
