Samuel Dossou-Aworet, a Beninese billionaire and founder of Petrolin Group, saw the value of his investments in Seplat Energy and Aradel Holdings increase by $430 million in the third quarter …
BusinessBusiness and EconomyBusiness and Investment
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Business and Investment
- BusinessBusiness & MarketsBusiness and Investment
Dangote Refinery Hits 700,000bpd as Fuel Imports Decline
Dangote Petroleum Refinery recorded its highest-ever capacity utilisation in August, operating at 105.21 percent of its 700,000-barrel-per-day nameplate capacity. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) …
- BusinessBusiness & MarketsBusiness and InvestmentBusiness GrowthBusiness Updates
Dangote IPO Opens Access to Zimbabwean Investors
Zimbabwean investors are gaining access to Dangote Petroleum Refinery’s $1.6 billion initial public offering (IPO), expanding participation in one of Africa’s biggest capital-market deals beyond Nigeria. The offering, which opened …
- BusinessBusiness & MarketsBusiness and EconomyBusiness and InvestmentBusiness GrowthOil & Gas
Dangote Refinery IPO Offers Investors long-term value, Devakumar says
Edwin Devakumar, Vice President, Oil and Gas at Dangote Industries Limited, has described the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery as an opportunity for investors to participate …
- BusinessBusiness and EconomyBusiness and Investment
Dangote Refinery IPO: Nigerians Joke About Becoming Dangote’s Business Partners
The Dangote Petroleum Refinery and Petrochemicals IPO has sparked excitement among Nigerians, with social media users turning the investment opportunity into a wave of jokes about becoming business partners with …
- BusinessBusiness and EconomyBusiness and Investment
Dangote Refinery IPO: Sanusi Warns Nigerians Against Using School Fees, Selling Homes to Buy Shares.
Muhammadu Sanusi II, the Emir of Kano, has advised Nigerians to exercise caution when participating in initial public offerings (IPOs), warning against using essential funds or disposing of important assets …
- BusinessBusiness & MarketsBusiness and Investment
Dangote Refinery IPO Uses Fintech Platforms to Unlock Billions in Diaspora Capital
The Dangote Refinery Initial Public Offering (IPO) is leveraging digital financial technology infrastructure to broaden investor participation and attract billions of dollars in potential funding from Nigerians living abroad. By …
- Business and InvestmentBusiness UpdatesInternational Business
Foreign Investors Pull N266bn From Nigeria’s Stock Market in Three Years
Net outflow widens by 1,073% as analysts warn of persistent foreign selling pressure Foreign investors have withdrawn a net N266.07 billion from Nigeria’s equities market in the first seven months …
- Business and Investment
Flip Visuals Partners With STAC Marine Offshore Ltd To Build Strategic Brand Identity Following $20 Million Abo FPSO Acquisition
Following their landmark $20 million acquisition of the Abo FPSO deep-water infrastructure in September 2023, STAC Marine partnered with Flip Visuals as their full service brand communications agency. As their …
- African EconomyBusiness and InvestmentEnergyInfrastructureOil & Gas
Africa Bets on Floating LNG to Fast-Track Gas Development
by Radarr Adminby Radarr AdminAfrica’s growing energy needs are pushing governments and investors to look for faster and safer ways to develop natural gas, and a new report has identified Floating Liquefied Natural Gas …