Otedola stakes $100m on Dangote Refinery
That’s one of the reasons I sold my stake in Geregu plant to come and invest my proceeds in the IPO of Dangote refinery,” said Otedola
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Like PenCom, South African pension fund queue for Dangote Refinery’s IPO
The planned IPO is expected to involve the sale of about 10 percent equity in the refinery through what the Dangote Group has described as a pan-African public offering.
IMF ranks Top 10 Largest Economies Globally in 2026
These rankings are based on IMF World Economic Outlook projections and can shift with new data releases, currency fluctuations, and global events.
President Tinubu Blames Africa’s Slowing Industrialisation on Debts Servicing
President Tinubu disclosed that Nigeria would spend about $11.6 billion on debt servicing in 2026, representing nearly half of projected government’s revenue.
African Leaders Accuse Global Credit Rating Agencies of Biase
On January 23, 2026, Afreximbank officially terminated its rating relationship with Fitch Ratings following a prolonged dispute over the agency’s assessment of the bank’s risk and treatment of preferred creditor status.
Lagos tops Domestic Debts by N1.22trn – NBS
Image: Lagos Governor Babajide Sanwo-Olu The National Bureau of Statistics (NBS) has ranked Lagos State as the most indebted state in Nigeria, owing creditors a total of N1.22 trillion and $1.17 billion in domestic and external debts, respectively, The statistics body said that Lagos State also recorded the highest external debt over the reference period…
Ovia Introduces Zenith Bank’s New Chairman Mustafa Bello to Shareholders
•Engr Mustafa Bello Jim Ovia, the Founder / outgoing Chairman of Zenith Bank Plc, has announced his successor , Engr Mustafa Bello , to members of the Board and shareholders. Ovia made the introduction yesterday during the bank’s annual general meeting in Lagos. In his remark, Jim Ovia stated, “Distinguished shareholders, it gives me great…
Jim Ovia Steps Down As Zenith Bank’s Chairman
Zenith Bank Plc has announced the retirement of its founder and Group Chairman, Jim Ovia, following the expiration of his tenure. Ovia, who founded Zenith Bank in 1990, has played a central role in the institution’s growth into one of Nigeria’s leading financial services providers. In a statement issued on Tuesday, the bank said that…
Zenith Bank Opens Côte d’Ivoire Branch
Photo: Dr Adaora Umeoji, GMD of Zenith Bank. Zenith Bank Plc said that it will officially open its Côte d’Ivoire branch tomorrow Wednesday, April 29, 2026. The new subsidiary is positioned to support cross-border trade and investment, with a focus on corporate banking, trade finance, local and offshore banking services, and structured financial solutions for…
CBN Directs Banks To Charge N1,500 for ATM Card Issuance
The Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by 50 percent to N1,500 from N1,000. The apex bank gave the directive on Thursday in a circular to Banks, Other Financial Institutions and the Public signed…