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PRESIDENT BUHARI’S GODSON, NASIRU HALADU DANU’S WINNING STREAK

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Billionaire businessman, Alhaji Nasiru Haladu Danu, is one of the top
players in the oil and gas sector in the country.

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The Dan Amana Dutse of the Dutse Emirate in Jigawa State is said to be
influential and highly connected.

No wonder, his wedding to pretty Amne Kam Salem in December 2017 in
Abuja was graced by the crème of the society.

That was not the first time he had been honoured by a large number of
eminent personality in the country.

Earlier in 2017, he had made headlines when he was turbaned as the Dan
Amana Dutse, as several dignitaries witnessed the beautiful ceremony.

At both events, the revered monarch, Ooni of Ife, Oba Adeyeye Enitan
Ogunwusi, reportedly stood out and was very active. Those in the know
said their friendship had stood the test of time.

The Ooni of Ife, it was gathered, spent three days to felicitate with
the young, affable, and detribalized billionaire.

Danu, as a successful businessman, has built relationships and network
with other powerful Nigerians from every part of the country , including
President Muhammadu Buhari.

He has been in business for more than a decade and has made a success of
his endeavour.

Recently, his flagship company, Casiva, which is also into security,
civil and mechanical construction, supply and procurement, was listed
among the 15 consortium/companies awarded the 2019/2020 contracts for
the exchange of crude oil for imported petroleum products by the Nigerian National Petroleum Corporation, NNPC.

Soon after he was awarded the contract, some critics went to town with
insinuation that he made the great leap owing to his closeness to President Buhari.

But those close to Danu, a chieftain of the ruling APC, pooh-poohed the
claim by his critics, saying Danu ensured his company participated in
all the bidding processes, which made it possible for the NNPC to award
the company the DSDP contract out of over 130 companies that bidded.

In 2016, Danu’s company was awarded contract for the provision of
pipeline security and maintenance services along Kaduna-Kano and
Zaria-Gusau segments. It was learnt that rather than wait to be
mobilized as many others used to do, the businessman mobilised equipment and staff to commence work and was at the locations for over a year before NNPC paid his company. This, it was learnt, actually worked for
Danu, who obviously was rewarded for his integrity, trustworthiness and
sense of dedication.

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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

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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Adron Group Spotlights Affordable Property at ESG Expo

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Adron Group

Adron Homes affordable land options take centre stage in Lagos as flexible payment plans and property opportunities draw visitors at the 2026 expo (more…)

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