By Afolabi Oyekunle. Omi Eko Project Management has debunk a report by an online news platform, alleging that seven months after the project’s kick-off, no physical infrastructure has been delivered on the ground. According to Dr. Segun Alabi, Head, Communications & Media of Omi Eko Project the narrative is misleading and fails to recognise the established processes involved in delivering a project of this scale and complexity. "The Omi Eko Project is being implemented in line with global best practices for major infrastructure development, which require a structured progression through 1. planning and procurement, 2. design, 3. infrastructure development, 4. implementation, and 5. evaluation phases. These preparatory stages are critical to ensuring that the project is technically sound, financially responsible, environmentally sustainable, and capable of delivering its intended benefits He said the absence of visible physical structures at an early stage sho...
By Afolabi Oyekunle. Dangote Petroleum Refinery IPO Opens for Subscription Dangote Petroleum Refinery IPO Opens for Subacription –The Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) is now open. The offer is expected to run from Monday, 14 September to Tuesday,13 October 2026, giving eligible investors an opportunity to acquire shares in the company. The offer comprises 4.1 billion ordinary shares at ₦525 per share with a minimum purchase of 10 units. The shares are expected to be listed on the Nigerian Exchange Limited following completion of the IPO. Stanbic IBTC is acting as Joint Lead Issuing House, Joint Stockbroker and Receiving Bank to the offer. Key offer terms Issuer: Dangote Petroleum Refinery & Petrochemicals FZE Offer size: 4,100,000,000 ordinary shares Offer price: ₦525 per share Minimum subscription: 10 shares and multiples of 10 thereafter Payment: Full payment on application Use of proceeds: Growth capital ex...