The planned Initial Public Offering of the Dangote Petroleum Refinery & Petrochemicals has taken a significant step forward with the successful completion of a US$1 billion underwriting programme, strengthening the capital markets foundation for what could become Africa’s most consequential industrial listing. The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital…
Celebrated diplomat and African Union High Representative for Silencing the Guns, Dr. Mohamed Ibn Chambas, has described the 650,000bpd Dangote Refinery, as a transformational project that would propel Africa out of poverty. The Chairman of the African Union High-Level Panel on Sudan made this statement during his visit to the Dangote Refinery in Ibeju Lekki, Lagos State,…
Some economists and oil and gas expert have backed the Federal Executive Council’s (FEC) approval of the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petrochemical Refinery. They made their views known in separate interviews with the News Agency of Nigeria (NAN) on Thursday…
The private sector-led Coalition Against COVID-19 (CACOVID) has clarified that only the Federal Government, through the National Primary Healthcare Development Agency (NPHCDA) can obtain any COVID-19 vaccine for Nigeria in the ongoing fight against the coronavirus pandemic. The coalition also explained that the process of buying the vaccines through the Federal Government has commenced and…