Yemisi Izuora Access to the Dangote Petroleum Refinery public offer has been further expanded, with prospective investors now able to subscribe for shares through participating Moniepoint agents 24 hours a day. The initiative takes the refinery’s Initial Public Offering closer to millions of Nigerians who routinely use agency banking services, particularly individuals who may not ordinarily transact through conventional subscription channels. Under the arrangement, prospective investors can visit participating Moniepoint agents at any time of the day to subscribe to the Dangote Petroleum Refinery IPO through the approved process. The shares are being offered at N525 each, with a…
Author: Orientalnews Staff
Yemisi Izuora The Dangote Petroleum Refinery has taken another major step towards deepening retail participation in its ongoing Initial Public Offering (IPO) by enabling prospective investors to subscribe for shares through participating Moniepoint Point-of-Sale (POS) agents across the country. The initiative is designed to bring share ownership closer to millions of Nigerians, particularly those in communities where agency banking has become a primary channel for accessing financial services. Under the arrangement, interested investors can visit participating Moniepoint agents at any time to complete their subscription to the Dangote Petroleum Refinery IPO through the approved process. The development significantly expands…
The Securities and Exchange Commission (SEC) will hold the 2026 National Capital Market Conference on October 19 in Abuja, with key stakeholders from the public and private sectors expected to deliberate on measures to deepen Nigeria’s capital market. The conference, scheduled for the Banquet Hall of the Presidential Villa, Abuja, will feature the launch of the Nigerian Capital Market Master Plan 2.0 (NCMMP 2.0) and the National Savings Scheme. In a statement, the SEC said the conference would focus on strategic initiatives to enhance domestic resource mobilisation, strengthen investor participation and support sustainable economic growth and national development. The Vice-President,…
Uchenna Cecil izuora The Standards Organisation of Nigeria (SON), in partnership with The Welding Federation (TWF), has launched the Competent Person Programme for Road Tanker Inspection in Nigeria to strengthen professional competence, regulatory compliance and safety within the petroleum transportation sector. The two-day training, held on September 10–11, 2026, at the Ogba Laboratory Complex in Lagos, focused on NIS 529:2026. Specification for Bulk Road Vehicles. Sessions covered critical areas such as tanker design, welding, inspection, structural integrity, maintenance, non-destructive testing and regulatory compliance. Representing the Director-General/Chief Executive of SON, Dr. Ifeanyi Chukwunonso Okeke, the Director of the National Quality Institute,…
Behind every line of code running through Nigeria’s booming digital economy is an actual person. Every time a mother registers her child for school online, a graduate applies for a job through a mobile portal, or an entrepreneur opens a merchant bank account, they hand over a piece of their lives. They offer their trust, assuming their personal details will be guarded with care. Yet for years, the corporate response to that trust was largely invisible—a quiet exercise in paperwork, buried inside dense legal disclaimers and rushed, end-of-year audit folders. Today, a homegrown effort in Lagos is reshaping…
Uche Cecil Izuora Prices of Smartphones in Nigeria is expected to rise as the country plans to introduce fees for registering newly imported phones. This could raise smartphone prices as manufacturers, distributors and retailers pass the additional costs on to consumers, according to the Association of Mobile Phones and Allied Products Traders of Nigeria (AMPAT). The fees are part of the Device Management System (DMS) introduced by the Nigerian Communications Commission (NCC) to establish a registry of phones connected to the country’s telecommunications networks. In a statement, AMPAT said it supports the principle behind the DMS and considers the…
Uche Cecil Izuora A fresh opportunity is awaiting young entrepreneurs in the maritime sector as the Nigerian Maritime Administration and Safety Agency (NIMASA) unveils a program to develop young businesses and technology solutions for the country’s blue economy, while seeking private-sector participation to help turn those ventures into investable businesses. The NIMASA Blue Economy Accelerator Programme (NIMASA-BEAP) and a National Innovation Hackathon opened in Lagos on September 16, 2026. The program is intended to give young Nigerians and innovative enterprises a structured path from developing ideas to building businesses that address challenges across the maritime and blue-economy value chain.…
Ken Okeke The National Emergency Management Agency (NEMA) is working on new measures to intensified flood preparedness following a high-risk alert issued by the Nigeria Hydrological Services Agency (NiHSA) The alert covers Imo, Cross River, Ebonyi, Benue, Anambra, Akwa Ibom, Lagos, Rivers, Edo, Kogi, Taraba, Delta, Bayelsa, Enugu and Abia states. NEMA activated its zonal directorates and operations offices covering the affected states to monitor vulnerable communities and coordinate response efforts. Director General of NEMA, Mrs Zubaida Umar, urged residents in floodplains, riverbanks and low-lying areas to relocate to safer, higher ground. Umar also called on residents to…
Yemisi Izuora Pathway Advisors Limited has demonstrated its capabilities in Nigeria’s capital market with the successful completion of a landmark ₦45 billion Hybrid Commercial Paper (CP) Offer for Zeenab Foods Limited, which recorded strong demand from institutional investors across both conventional and non-interest-based investment segments. The transaction comprised a ₦25 billion Conventional Commercial Paper issuance and a ₦20 billion Non-Interest-Based Commercial Paper issuance, providing Zeenab Foods Limited with access to diversified sources of short-term funding while creating investment opportunities for a broader spectrum of institutional investors. The Offer attracted exceptional investor demand, with the Conventional Commercial Paper recording subscriptions…
Tunde Bakare The General Manager, Olam Nigeria Limited, Mrs Morenike Alayerogun, has sought the support of the National Youth Service Corps (NYSC) to strengthen aquaculture development and promote youth empowerment in the country. Alayerogun made the request when she led a delegation of the company on a courtesy visit to the NYSC National Directorate Headquarters in Abuja. She disclosed that about 200 Corps Members were currently serving with the organisation in various fields, adding that Olam was committed to supporting the Federal Government’s efforts in nation-building, youth development, and Corps Members’ mentorship. The General Manager stated that, as part…