Author: Ogochukwu Ndubuisi

7 Things to Know About the Dangote Refinery IPO Dangote Petroleum Refinery has opened its initial public offering to investors. Here are the key details. 1. The company is seeking about ₦2.15 trillion The offer comprises 4.1 billion ordinary shares priced at ₦525 each. If fully subscribed, it will raise approximately ₦2.15 trillion. 2. The offer runs for one month The IPO opened on Sept. 14, 2026, and is scheduled to close on Oct. 13, 2026. 3. Investors can start with ₦5,250 The minimum subscription is 10 shares. At ₦525 per share, eligible investors can participate with ₦5,250. 4. The…

Global equities markets were significantly bearish due to negative sentiment in AI

Oil prices rose on Tuesday as fading hopes for US-Iran talks and growing concerns over Saudi oil supplies raised fears of disruptions to global supply.

The naira traded sideways at the Nigerian foreign exchange market (NFEM) on Monday, with data

Trump: Falling Nation of Iran Wants Deal Quickly and Badly US President Donald Trump says Iran is pushing for a deal with Washington as pressure mounts over the Strait of Hormuz blockade. In a post on Truth Social on Monday, Trump described Iran as a “failing nation” and said Tehran wants an agreement “quickly and badly.” “The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage – The concept of which we are open to,” Trump wrote. The comments come as a planned meeting in…

Oil prices rose Monday as a drone attack on Saudi Arabia’s East-West Oil Pipeline

Oman Postpones Crucial Gulf-Iran Meeting On Hormuz Agreement A planned meeting in Oman between Gulf countries and Iran to discuss possible agreements on the Strait of Hormuz has been postponed. The meeting had been scheduled for Monday. Omani Foreign Minister Badr Albusaidi announced the postponement on X on Sunday, according to Reuters. The talks were expected to cover shipping routes and future management of the strategic waterway following recent consultations between Iran and Oman. #Oman Postpones Crucial Gulf-Iran Meeting On Hormuz Agreement# Iran to Announce Restricted Zone Outside Strait of Hormuz

Trump Tells Zelensky, Stop Hitting Russian Diesel Refineries as Global Prices Surge U.S. President Donald Trump has urged Ukraine to halt attacks on Russian diesel infrastructure, warning that the strikes are causing a global fuel shortage. Speaking on Sunday at the Irish Open in Doonbeg, Ireland, Trump said he had told Ukrainian President Volodymyr Zelenskiy to stop targeting refineries that produce diesel. Trump said the attacks were hurting countries worldwide and driving up prices, with U.S. diesel now above $6 a gallon for the first time. The call comes after months of long-range Ukrainian drone strikes on Russian refineries, which…

2027: Accord Queries Presidential Candidate’s Exclusion From INEC List ​‌‍⁠‌‍⁠⁠‌‍⁠‍​​‍‌‌‌​The Accord Party says it is yet to know why INEC omitted its presidential candidate, Dr Gbenga Olawepo-Hashim, from its 2027 list. Mr Dele Oladeji, the Lagos State Chairman and Secretary, South-West Zone of the party, however, expressed confidence that the court would resolve the matter in favour of Olawepo-Hashim and uphold his candidacy. He said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos, while reacting to the INEC list of presidential candidates for the 2027 general elections. “Three dependable members of the party…

Canada Seeks C$1tn Investment To Cut Reliance On US Amid Trump Tariffs Canada is making a high-profile push to attract C$1 trillion (about $723 billion) in investment over the next five years as it seeks to reduce reliance on the United States amid President Donald Trump’s tariff war. Prime Minister Mark Carney will host a two-day investment summit in Toronto starting Monday, bringing together global asset managers with over $100 trillion under management and executives pitching more than 160 projects in energy, mining, defence and power. The summit, described as a matchmaking exercise, is aimed at showcasing Canada as a…