Business
GUO Driver Killed in Deadly Lagos-Benin Highway Attack
GUO driver killed Lagos-Benin highway attack sparks concern as transport firm urges stronger security after deadly armed robbery incident
GUO Transport Company has confirmed the killing of one of its drivers following an armed robbery attack along the Lagos-Benin highway, in what has renewed urgent concerns over insecurity on the busy intercity transport route.
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GUO driver killed Lagos-Benin highway attack occurred when a Toyota Hiace bus, reportedly dispatched empty from Lagos en route to Onitsha, was ambushed by armed robbers along the Okada-Benin stretch of the highway.
In a statement issued by its management, GUO Transport described the incident as a deeply painful loss, confirming that the attack led to the death of the driver.
“It is with profound sadness that GUO Transport Co. confirms a tragic incident involving one of our vehicles,” the company stated.
“We regret to confirm that the incident resulted in the loss of our driver. This is a deeply painful loss to the entire GUO family.”
The transport company extended condolences to the bereaved family, noting that its immediate priority is to support them through the period of grief.
The firm also called on security agencies and government authorities to intensify efforts to address the recurring security challenges along the Lagos-Benin highway, a key route connecting Nigeria’s South-West and South-East regions.
“We respectfully urge intensified action to address the persistent security challenges on this corridor,” the company added.
GUO Transport further appreciated public sympathy and requested privacy for the family of the deceased.
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The Lagos-Benin highway has for years been associated with reports of armed robbery attacks and other criminal activities, raising ongoing concern among commuters, transport operators and logistics companies that depend on the route for intercity movement.
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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.
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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