By Elvis Eromosele In Nigeria’s capital market, not all IPOs are created equal. Some merely expand options; others fundamentally reset assumptions. The anticipated public listing of Dangote Fertilizer Limited falls firmly in the latter category. Long before a prospectus lands on investors’ desks, the sheer scale, strategic positioning, and macroeconomic implications of the company are already compelling institutional and retail investors alike to rethink their 2026 investment math. This is not just about another Dangote Group asset coming to market. It is about how capital allocation, sector weighting, risk appetite, and long-term growth expectations may be recalibrated in the years…
Author: Elvis Eromosele
Globacom has donated ₦1 billion to the Lagos State Security Trust Fund (LSSTF), reinforcing its commitment to public safety and sustainable economic growth in Nigeria’s commercial capital. The donation, one of the largest private-sector contributions to the Fund in recent years, followed Globacom’s participation in the LSSTF Private Sector Breakfast Meeting with CEOs, hosted by Lagos State Governor Babajide Sanwo-Olu on January 30, 2026. The forum focused on strengthening collaboration between government and business to improve security, innovation, and economic resilience. Welcoming the donation, Dr Ayo Ogunsan, LSSTF Executive Secretary/CEO, described it as a strong show of corporate citizenship and a…
Cadbury Nigeria Plc, a part of Mondelēz International, has regained its position as Nigeria’s number one employer in the 2026 Top Employer Awards, moving up from second place last year. This marks the sixth consecutive year the Amsterdam-based Top Employers Institute has certified the Company as a Top Employer. In a statement, Dr. Wole Odubayo, Company’s Human Resources Director, said the achievement reflects Cadbury Nigeria’s continued commitment to its shared values and organisational goals. Dr. Odubayo noted that the Company recorded perfect scores across key areas, including People and Business Strategy, Leadership, Performance Management, Career, Learning and Development. It also…
Sterling Financial Holdings Company Plc (Sterling HoldCo) has sustained its strong growth trajectory, recording a 99 per cent year-on-year increase in profit before tax (PBT) to ₦90.7 billion for the year ended December 31, 2025, according to its unaudited results. The performance builds on the Group’s 102 per cent profit growth in 2024, reinforcing its position as one of the fastest-growing financial services groups in the region. Gross earnings rose 46 per cent to ₦476.5 billion, driven by robust growth in both interest and non-interest income. Interest income climbed 43 per cent to ₦369.6 billion, supported by higher customer lending and improved…
The Rule of Law and Accountability Advocacy Centre (RULAAC) has called for stronger collaboration between the Nigeria Police and the media as a critical step toward rebuilding public trust and improving policing outcomes nationwide. Speaking at a one-day Police and Media Dialogue Session in Enugu, Okechukwu Nwanguma, RULAAC’s Executive Director said effective policing in a democracy depends on public confidence, which remains fragile due to years of corruption, brutality, weak accountability, and poor service delivery. Nwanguma noted that public perception of the police is largely shaped by personal encounters and media coverage, making journalists key partners in police reform. He…
The Christian Blind Mission (CBM) has committed €15 million (about N25 billion) to improve eye care services in 14 Nigerian states, targeting preventable blindness and visual impairment. The announcement was made by Dr. Rainer Brockhaus, CBM CEO, during the launch of the SightQuest Nigeria Programme in Abuja, themed “A Journey Towards Inclusive Eye Health.” The initiative will run from 2026 to 2035, focusing on cataract surgeries, refractive error services, and expanded access for vulnerable communities. Dr. Brockhaus highlighted that avoidable blindness and refractive errors affect millions of Nigerians, and the programme aims to deliver measurable outcomes, including a 30 per…
The Edo State Government and NNPC Limited have announced plans to jointly develop a 10,000 barrels-per-day (bpd) condensate refinery, with completion expected within 24–36 months. A statement from the Edo State Government, issued in Benin City by Dr. Patrick Ebojele, Chief Press Secretary to Governor Monday Okpebholo, revealed that the refinery will be located across Oredo and Orhionmwon Local Government Areas. The project is designed to boost local refining capacity, improve fuel supply, and strengthen Edo’s industrial base. Governor Okpebholo said the refinery will play a critical role in job creation, poverty reduction, and energy security, aligning with the Federal…
Dangote Petroleum Refinery has cautioned that continued reliance on coastal shipping to distribute petrol could push pump prices to N1,000 per litre if the additional costs are passed to consumers. In a statement on Thursday, the refinery highlighted that transporting petroleum products by sea is significantly more expensive than pipelines or truck loading from its facilities. These costs include port charges, maritime levies, and vessel-related expenses, which add roughly N75 per litre to petrol prices. “Nigeria consumes about 50 million litres of petrol and 14 million litres of diesel daily. Coastal logistics could impose an additional annual cost of about…
President Bola Tinubu on Thursday launched Nigeria’s National Halal Economy Strategy, a policy aimed at positioning the country to tap into the $7.7 trillion global halal market and fast-track economic diversification. The strategy was unveiled at the Presidential Villa in Abuja by Vice President Kashim Shettima, who represented the President, according to a statement from the Presidency. Government projections show the initiative could add about $1.5 billion to Nigeria’s GDP by 2027, driven by increased exports, job creation, and stronger participation in global halal value chains. Speaking at the event, Shettima said the launch signals Nigeria’s readiness to compete in…
MTN Group, Africa’s largest mobile network operator, is in advanced discussions to acquire the remaining 75 per cent stake in IHS Holding Limited, a move that would give the telecom giant full ownership of one of the world’s largest independent tower companies. In a cautionary notice to investors released on Thursday, MTN confirmed it is evaluating a potential buyout of minority shareholders in New York Stock Exchange–listed IHS, following growing market speculation. MTN said any potential offer would likely be priced close to IHS’s last trading price on February 4, 2025, noting that the company’s shares have rallied strongly…