By Afolabi Oyekunle. . Industry stakeholders have described the offer as potentially the largest retail investment drive ever undertaken on the continent, positioning it as a watershed moment for both Nigeria's capital market and Africa's industrial landscape. Beyond raising capital, the IPO is expected to broaden participation in one of the continent's most strategic energy assets, deepen market liquidity, and create a new generation of shareholders in a business widely regarded as a catalyst for Africa's energy security and economic transformation. At the grand signing ceremony held in Lagos on Monday, President and Chief Executive of Dangote Group, Aliko Dangote, who formally unveiled the public offering alongside transaction advisers and key stakeholders involved in the pan-African share sale said the IPO seeks to raise approximately N2.2 trillion, making it one of the most ambitious capital-raising exercises ever undertaken by a private enterprise in Africa. ...
By Afolabi Oyekunle. The Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa has boosted the purse of the Lagos State Security Trust Fund (LSSTF), with a personal donation of N500,000 (five hundred thousand Naira only). Announcing the donation during the presentation of two operational vans to the Corporation by the LSSTF, Dr Opeifa said the donation, would be drawn from his September salary. He urged all Nigerians particularly everyone living in Lagos, whether individuals or corporate to continue to donate willfully to the Fund to enable them have funds to continue to provide the facilities and amenities needed to keep the state safe from crimes and criminals. MD NRC: Dr. Kayode Opeifa He lauded the Lagos State Governor Mr. Babajide Olusola Sanwo-Olu for his magnanimity, adding that the two vehicles would go a long way in boosting the operations of the Nigerian Police and the Nigerian Secu...