By Ayomide Otitoju Dangote Petroleum Refinery is preparing to list on the Nigerian Exchange (NGX) through an Initial Public Offering (IPO) aimed at raising capital for its next phase of expansion. Under the offer, the company will make 4.1 billion ordinary shares available at ₦525 per share, potentially raising about ₦2.15 trillion ($1.6 billion) if…
When rescue dog Chloe is not tumbling across the grass on a farm outside Bengaluru, India’s technology hub, she is being trained to detect cancer through human breath with the help of artificial intelligence. Equipped with a 3D-printed helmet and sensor-filled harness, Chloe is part of an experimental effort by Bengaluru-based startup Dognosis to harness…
By Ayomide Otitoju President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has called on Nigeria and other African countries to take bold steps to drive economic growth and prosperity across the continent. Dangote said Africa must deliberately develop its economies and strengthen its institutions if the continent wants to earn greater respect…
By Ayomide Otitoju President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the Initial Public Offering (IPO) of the 650,000 barrels-per-day Dangote Refinery will give ordinary Nigerians an opportunity to own shares in the facility. Dangote made the statement on Monday while delivering the opening remarks at the refinery’s IPO signing…
By Ayomide Otitoju The presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has called for greater transparency in Nigeria’s petroleum sector, saying the country’s crude oil resources must deliver measurable benefits to Nigerians. Makinde, who is also the Governor of Oyo State, made the call on Monday at the commissioning of the Makinde/Daura…
By Ayomide Otitoju The vice-presidential candidate of the Allied Peoples Movement (APM), Lawal Daura, has said President Bola Tinubu is not unbeatable in the 2027 presidential election. Daura made the remarks during an interview on Channels Television’s Politics Today on Monday, hours after the APM commissioned its presidential campaign office in Abuja. The former Director-General…
Nigeria’s D’Tigress have been eliminated from the 2026 FIBA Women’s World Cup after suffering a heavy 111-56 defeat to France in their final group-stage match in Berlin, Germany. The loss was D’Tigress’ third consecutive defeat at the tournament, following earlier setbacks against South Korea and Hungary. The result left the African champions at the bottom…
By Ayomide Otitoju Chairman of Zenith Bank, Jim Ovia, and Chairman of Heirs Holdings, Tony Elumelu, were among prominent financial experts who attended the signing ceremony for the Dangote Petroleum Refinery’s initial public offering (IPO) in Lagos on Monday. The refinery is offering 4.1 billion ordinary shares of $0.000013 each at ₦525 per share in…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has commended the National Drug Law Enforcement Agency (NDLEA) for intercepting a truck reportedly carrying 2,145kg of cannabis concealed in a compartment in Ondo State. The company, in a statement, said it had taken note of media reports concerning the vehicle, which bore markings…
