The Nigerian National Petroleum Company Limited has said it does not yet have a fixed date for its proposed initial public offering (IPO), noting that the decision will ultimately be …
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Business & Markets
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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 …
A Kenyan court has ordered parties to maintain the existing situation on a disputed parcel of land in Lamu County, creating a temporary legal hurdle for Dangote Industries’ planned $16 …
The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue granting petrol import licences to Matrix Energy, AA Rano and AYM …
Nigeria and the United States have signed a new agreement aimed at “deepen[ing] American investment” in Nigeria’s mining sector, as both countries seek to expand cooperation in the development of …
- BusinessBusiness & MarketsBusiness and EconomyBusiness GrowthUncategorized
Dangote Backs $660m Ethiopia-Djibouti Pipeline
Nigerian billionaire Aliko Dangote is supporting the development of a $660 million refined petroleum products pipeline linking Ethiopia and Djibouti, a project aimed at improving fuel supply and reducing transport …
Niger is seeking fresh investment in its uranium industry after increasing state ownership in the Madaouela uranium project, part of a broader strategy to secure a larger share of mining …
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Nigerians Buy Dangote IPO Shares Through POS Shops Now
Nigerians Buy Dangote IPO Shares Through Neighbourhood POS Shops Buying shares in Nigeria is becoming easier for everyday people as neighbourhood Point-of-Sale (POS) agents begin helping customers subscribe to the …
- BusinessBusiness & MarketsBusiness GrowthInternational Business
Dangote Hires Indian Firm for $16bn Kenya Refinery Project
Aliko Dangote has hired India’s state-owned Engineers India Ltd. (EIL) to provide engineering and project-management services for a planned $16 billion refinery and petrochemical complex in Kenya. The refinery, which …
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has confirmed plans to take the group’s fertiliser business public in 2028 as the company expands production across Africa. …