Business

The company’s Managing Director and Chief Executive Officer, Olajumoke Cecilia Ajayi, disclosed this at the AOW Energy Conference in Accra, Ghana, during a session titled, ‘The Future of the African Operator: Building the IOCs of Tomorrow’.

The IPO could become one of the largest capital market transactions in Nigeria, with the refinery offering 4.1 billion ordinary shares at ₦525 per share. If fully subscribed, the offer is expected to raise approximately ₦2.15 trillion.

The numbers coming out of Guinness Nigeria Plc are impressive enough to invite celebration, especially amid deep economic headwinds.

Beyond the continent, oil prices surged as tensions around Iran intensified, government bond yields climbed, and stronger U.S. jobs data revived expectations of higher interest rates. From Lagos to global markets, investors had plenty to digest.

According to the latest market report from FMDQ Securities Exchange, total FX turnover stood at $2,414.85 million in the week ended September 4, down by $656.67 million from the $3,071.52 million recorded in the preceding week ended August 28.

The company also exited Uganda, describing both decisions as the result of a review of its business and investment priorities across Africa. It did not offer a detailed explanation for the Nigerian withdrawal.

Uber has described the decision as the outcome of a review of its evolving business priorities and investment focus across Africa.

The programme is being implemented by the NASENI Innovation Hub in partnership with AfriLabs, Africa’s largest network of innovation and technology hubs.

Afrinvest (West Africa) Limited is set to promote its Islamic investment products in Kano State as part of efforts to expand access to ethical and Shariah-compliant investment opportunities in the state.

CBN data showed that reserves stood at $54.0839 billion on Thursday, up from $53.99 billion on September 2 and $53.90 billion on September 1.