Tag: Business

Business

JUST IN: Dangote Refinery Extends IPO Deadline to October 27, Gives Investors More Time

By Utelnova News Desk | October 13, 2026 Dangote Petroleum Refinery and Petrochemicals has extended the closing date of its initial public offering (IPO) by two weeks, giving prospective investors more time to apply for shares in the company. The offer, which opened on September 14 and was originally scheduled to close on Tuesday, October 13, will now remain open until October 27, 2026, following … Continue reading JUST IN: Dangote Refinery Extends IPO Deadline to October 27, Gives Investors More Time

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Business

“You’re Going Back to Nigeria” — Kenyan Presidential Candidate Warns Dangote Over $16bn Refinery Plan

“ Utelnova | Business & African News | October 12, 2026 A Kenyan presidential aspirant, Patrick Osoi, has warned Nigerian billionaire Aliko Dangote not to rush ahead with his proposed $16 billion oil refinery project in Kenya, declaring that he would prefer local investors to undertake the project if he becomes president. Osoi made the remarks while addressing supporters at a Lions Movement event. A … Continue reading “You’re Going Back to Nigeria” — Kenyan Presidential Candidate Warns Dangote Over $16bn Refinery Plan

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Business

US Government Warns American Investors About Business Risk in Nigeria

The United States government has raised concerns over business risks in Nigeria, warning American executives about possible detention, regulatory disputes and other challenges while operating in the country. The warning was highlighted in the US Department of State’s 2026 Nigeria Investment Climate Statement, published in September, according to reports by Nigerian media outlets. The report identified concerns including insecurity, corruption, port inefficiencies and regulatory uncertainty, … Continue reading US Government Warns American Investors About Business Risk in Nigeria

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Business

Nigeria Climbs Four Places to Eighth in African Investment Risk Ranking

The assessment comes as the country continues to implement economic reforms introduced since President Bola Tinubu took office in 2023. Among the major changes have been the removal of the petrol subsidy, reforms to the foreign-exchange market and changes to electricity tariffs. The reforms were designed to address long-standing economic challenges, although they have also brought significant pressure on households and businesses, particularly through higher … Continue reading Nigeria Climbs Four Places to Eighth in African Investment Risk Ranking

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