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President of the Dangote Group, Aliko Dangote, has announced plans by his business group to invest more than $10 billion in Africa’s power sector over the next three to four years, as he identified electricity supply as critical to industrialisation and economic growth on the continent. Dangote disclosed the proposed investment during an interview with…
The Dangote Petroleum Refinery and Petrochemicals FZE has officially opened its initial public offering (IPO), giving Nigerians and other investors an opportunity to acquire shares in one of Africa’s most ambitious industrial projects. The offer, valued at approximately N2.15 trillion, is expected to become one of the largest transactions in the history of Nigeria’s capital…
Aliko Dangote, President of the Dangote Group, has expressed optimism that shares of the Dangote Petroleum Refinery and Petrochemicals business, being offered at ₦525 per share, could rise significantly in value in the future, potentially reaching ₦10,000. Dangote reportedly made the projection during an interview ahead of the company’s planned initial public offering (IPO), which…
The Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 electronic channels through which Nigerians and other eligible investors can subscribe for shares in its highly anticipated initial public offering (IPO), expanding access to the landmark offer across banks, fintech platforms, mobile-money services and the Nigerian Exchange (NGX). The approved network comprises 19 banks, 10…
The much-anticipated initial public offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals is set to open a new investment opportunity for Nigerians, with prospective investors able to subscribe for as little as 10 shares for N5,250. The offer price has been fixed at N525 per share, while the minimum subscription is 10 ordinary shares,…
Read More “Dangote Refinery IPO: How Nigerians Can Become Shareholders With Just N5,250” »
Uber has ended its ride-hailing operations in Nigeria after about 12 years in the country, bringing an abrupt close to a service that helped reshape urban transportation and popularise app-based taxi services among Nigerians. The company’s withdrawal took effect on September 2, 2026. The American mobility company, which first launched in Lagos in 2014 before…
Read More “Why Uber Pulled Out of Nigeria After 12 Years — The Real Factors Behind the Exit” »
Africa’s largest industrial conglomerate, Dangote Industries Limited, has entered into a landmark $4.2 billion gas supply agreement with Chinese energy firm GCL Group to power a major fertiliser production facility in Ethiopia. The long-term deal, signed in Lagos, spans 25 years and will guarantee a steady supply of natural gas to a planned urea fertiliser…
Read More “Dangote, China’s GCL Seal $4.2bn Gas Supply Deal for Ethiopia Fertiliser Megaproject” »