Business
Dr. Maureen Tamuno Shines at Inaugural Nigeria-Kazakhstan Business Conference
The inaugural Nigeria-Kazakhstan Business Conference, held at the Transcorp Hilton Abuja, on February 23rd, 2025, marked a historic moment towards strengthening the economic ties between Nigeria and Kazakhstan.
The conference, hosted by His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, Ojaja II, featured key discussions aimed at fostering collaboration across sectors like technology, agriculture, logistics, education and more.
Undoubtedly, the spotlight of the event was Dr. Maureen Tamuno, the Group Managing Director (GMD) of Abuja Investments Company Limited (AICL).
Dr. Tamuno, known for her impactful leadership and strategic insights, spoke about investment opportunities in the Federal Capital territory, laying emphasis on the infrastructural revolution of the Hon. Minister of the FCTA His Excellency Barr. Nyesom Wike CON which has set the stage for diverse investments opportunities in Abuja and the area councils at the conference.
Her speech on the role of investment in advancing Nigeria’s technological and agricultural sectors resonated with attendees, particularly the Kazakhstani delegation, which was led by the Deputy Foreign Minister, with several business leaders from Central Asia’s major industries.
Her contributions to discussions on knowledge sharing and capacity building were particularly emphasized, with many recognizing her role in forging stronger bilateral relations between the two countries.
The conference drew notable Nigerian figures, including the Honourable Ministers for Agriculture and Food Security, Blue Economy, Communications, Innovations, and Digital Economy, as well as the Governor of the Central Bank of Nigeria.
The Nigerian business community was well-represented by board chairmen from leading banks like Keystone Bank, Access Bank, and Jaiz Bank.
It also highlighted potential collaborations, including the establishment of city-to-city flights between Nigeria and Kazakhstan, a move that promises to enhance both trade and tourism.
The conference stands as a key milestone in the relationship between Nigeria and Kazakhstan, with Dr. Maureen Tamuno playing a pivotal role in its success.
Her leadership continues to shape the future of business and investment in Nigeria, reinforcing the nation’s growing influence on the global stage.
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.
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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