Dangote Refinery Files $5 Billion IPO Application, Eyes Africa’s Biggest Stock Market Listing

The Dangote Petroleum Refinery & Petrochemicals has taken a major step toward going public after submitting its initial application to Nigeria’s Securities and Exchange Commission (SEC) for a proposed $5 billion Initial Public Offering (IPO). If approved and completed at the targeted size, the offering would become the largest stock market listing in Africa, marking…

Femi Otedola Invests Fresh ₦18.1 Billion in First HoldCo, Further Raises Stake

Billionaire businessman and First HoldCo Plc Group Chairman, Femi Otedola, has strengthened his position in the financial services group after acquiring an additional 138.04 million shares valued at ₦18.11 billion through an entity linked to him. The latest purchase, executed on the Nigerian Exchange Limited (NGX), further increases Otedola’s beneficial ownership of First HoldCo as…

Oil Companies Remitted $6.75 Billion and ₦1.53 Trillion to NDDC Between 2021 and 2025

Oil and gas companies operating in Nigeria remitted a combined $6.755 billion and ₦1.529 trillion to the Niger Delta Development Commission (NDDC) between 2021 and 2025, according to figures presented before a Senate investigative committee. The disclosure was made during a public hearing by the Senate Public Accounts Committee, which is examining audit reports from…

Scientist Proposes Moving Earth Farther from the Sun to Extend Human Survival by Billions of Years

A scientist has proposed an ambitious long-term plan that could one day help humanity survive the Sun’s inevitable evolution by gradually moving Earth farther away from the star. While the concept remains entirely theoretical, the research outlines how advanced future civilizations could use megascale engineering to preserve Earth’s biosphere for billions of years beyond its…

VeryDarkMan Sets Conditions for Honouring Police Invitation Over Allegations Against AIG Moshood Jimoh

Social media influencer and activist Martins Otse, popularly known as VeryDarkMan (VDM), has expressed his willingness to honour an invitation from the Nigeria Police Force over allegations he made against Moshood Jimoh. However, he says his appearance will be subject to conditions aimed at ensuring transparency throughout the investigative process. The position was made public…