Business
Maureen Tamuno’s Inspiring Mileage at AICL
Since her appointment as Group Managing Director of Abuja Investments Company Limited, AICL, Amb. Maureen Tamuno, PhD; has proven that she is ready for business! One of her most remarkable achievements has been driving investment to the Federal Capital Territory.
Since she was appointed in April 2024, by the minister of the FCT, Barr. Nyesom Wike, she has shown that she is the right person for the job. She has successfully breath new life into the institution by infusing the company with visionary dynamism and rekindling the entrepreneurial fire that many are now the proud of.
Hers is not just a leader who is just occupying office, but actively transforming AICL, and gradually achieving her major vision of repositioning Abuja beyond its role as Nigeria’s administrative capital, transforming it into a thriving business and investment hub for Africa.
Of course, she has achieved all these with the support of her boss, Wike, whose unwavering support and commitment to advancing the vision of the FCT as a leading investment destination, has greatly assisted AICL in giving the capital city a new lease of life.
As she clocks one in office in April, the seasoned diplomat would be commissioning various projects embarked by AICL across FCT.
As revealed, she will be leading her team of achievers at AICL for an Investors Forum in the UK on the 19th of June 2025, with the theme “Exploring Investment Opportunities in Africa’s Gateway. Nigeria. This is expected to create a platform that will connect European investors and Nigerians living in Europe and to showcase investment opportunities in Abuja.
Also, stated that the second edition of Abuja Business & Investment EXPO (ABISummit2025), is expected to take place from October 21-25, 2025, at International Conference Centre, ICC, with the theme “Empowering Sustainable Growth: Unlocking Potential in Emerging Markets~ This summit will build on the foundation laid by ABIS 2024 in driving innovation encourage collaborations and solidify Abuja’s role as a key investment hub in Africa.
In alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the AICL is committed to leveraging these investment forums to drive economic growth of the FCT.
But beyond this, Tamuno has also created an environment where open dialogue thrives. She is not afraid to commend great work or offer constructive criticism where necessary, knowing that honest feedback builds a stronger institution. Criticism, when given with sincerity and love, leads to growth, and that is exactly what is happening at AICL.
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.
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others5 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity5 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)