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AICL GMD, Tamuno, Chairs CIoD Abuja Members’ Evening, Urges Directors to Lead Economic Transformation through Collaboration

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In a strong call to action for Nigeria’s business leaders, Her Excellency Amb. Dr. Maureen Tamuno, Ph.D., MCioD, Group Managing Director of Abuja Investments Company Limited (AICL), chaired the Abuja Members’ Evening hosted by the Chartered Institute of Directors (CIoD) Nigeria, delivering a passionate address that highlighted the urgent need for collaborative leadership and strategic economic stimulation.

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Themed “From Control to Collaboration: Reimagining Leadership Mindsets for a New Generation,” the event brought together corporate executives, policymakers, and governance experts at Anthill Apartments, Abuja, to reflect on the future of leadership in Nigeria.

In her remarks, Amb. Tamuno emphasized the need to move away from the era of siloed leadership, noting that Nigeria’s economy depends on collaboration across sectors, regions, and generations. She urged directors to seek out partners, build trust, and stimulate growth through strategic alliances. Her remarks also echoed the Federal Government’s Renewed Hope Agenda, emphasizing the importance of inclusive economic policies, private sector participation, and sustainable development as pathways to national prosperity.

Drawing from her experience representing Nigeria in four Caribbean nations, she reminded guests that Nigeria holds immense potential—not just for its people, but for the global African diaspora.

“In the Caribbean, they dream of returning to Nigeria. The Motherland is here—but we must make it viable. As directors, you are the engine room of this transformation. Let us build industries, create opportunities, and grow businesses that support our future.”She said.

She never ceases to describe the unwavering support and determination of the Honourable Minister of the Federal Capital Territory, Barr. Nyesom Wike, in transforming the FCT into a modern, investment-friendly capital.Always highlighting his bold leadership, commitment to infrastructure renewal, and drive for institutional reform as key pillars of progress.

Otunba Adetunji Oyebanji,President and Chairman of the governing council,CIoD described the theme as timely, noting that the business landscape is being reshaped by digital transformation, shifting generational values, and the demand for more inclusive leadership. He emphasized that control-based leadership models are no longer sufficient, calling on directors to listen, empower, and adapt to the fast-evolving world around them.

The event also featured an insightful keynote presentation by Mrs. Rose Eshiett, M.CIoD, CEO of Maroto Energy Consult, who shared practical strategies for adaptive leadership within Nigeria’s fast-changing energy sector.

Alhaji Tijjani M.Borodo LLM FCIoD,Immediate Past President,,Alhaji Lamis S. Dikko, F.CIoD, Second Vice President, CIoD Nigeria,Mrs Amina Oyagbola,F.CIoD, First Vice President, Mrs. Chukwurah Nwando Chairman, CIoD Abuja Zone and other notable dignitaries are in attendance.

The evening concluded with lively networking, knowledge-sharing, and renewed commitments to repositioning leadership in Nigeria for sustainable economic development.

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu

Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

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The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.

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Glo @23: Staff Unite for a Memorable Sports Celebration

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Glo marks its 23rd anniversary with a lively staff sports fiesta in Lagos, featuring football, games, prizes and celebrations centred on teamwork (more…)

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