Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has announced the extension of the application period for its Initial Public Offering (IPO) by two weeks. This, according to the company, followed approval from the Securities and Exchange Commission (SEC), amid what it said has become one of the most significant capital market offerings...
•Sanusi and Dangote refinery Emir of Kano, Muhammadu Sanusi II, has urged Nigerians to act responsibly when considering taking part in initial public offerings. He cautioned against selling one’s residential apartment or using their children’s school fees to buy shares, reports Channels TV. Sanusi spoke at the Dangote Petroleum Refinery and Pe...
•Dangote refinery The Dangote Petroleum Refinery and Petrochemicals FZE will, on September 14, 2026, opened its initial public offering (IPO) for sale. The landmark ₦2.15 trillion ($1.6 billion) deal marks the launch of Nigeria’s largest-ever public share sale, with 4.1 billion ordinary shares priced at ₦525 each, reports Channels TV. The Pres...
The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. The NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made the announcement in a statement released tod...
The Lagos State Special Offences Court, Ikeja, has ordered the forfeiture of 6.3 billion units of ordinary shares of Keystone Bank Limited, valued at N1.00 each, to the federal government. Justice Hakeem Oshodi on Tuesday gave the order after Sigma Golf Nigeria Limited, represented by its Chairman, Umaru Hamidu Modibbo, pleaded guilty to the f...
•Naira notes The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers of government after its April meeting in Abuja. A statement by the Director of Press and Public Relations at the Office of the Accountant General of the Federation Bawa [&helli...
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,088.783 trillion November 2023 Federation Account Revenue to the Federal, States and Local Governments. As contained in a communique issued by the FAAC at its December, 2023 meeting, the N1,088.783 trillion total distributable revenue comprised distributable statut...
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