Business
Wale Tinubu, Femi Otedola, Dangote, Others for Nigeria-India Presidential Roundtable
The Chief Executive Oando Group, Mr. Jubril Adewale Tinubu, CON, Executive Chairman Geregu Power Plant, Mr. Femi Otedola would be among other 38 prominent Nigerian billionaires and investors to attend the Nigeria-India Presidential roundtable and conference in New Delhi, India to be led by President Bola Ahmed Tinubu.
The event which is organised by the Nigerian High Commission in India in collaboration with the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC) is expected to be addressed by President Tinubu.
The Nigerian High Commissioner to India, Ambassador Ahmed Sule, made this disclosure yesterday in Abuja while requesting entry visas for these leading businessmen and Chief Executive Officers (CEOs).
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Among prominent businessmen expected to attend the event include Alhaji Aliko Dangote, Tony Elumelu, Alhaji Abdul Sama Rabiu, Femi Otedola, Kola Karim, Julius Rone, Hajiya Bola Shagaya and Folurunsho Alakija.
Others are Mohammed Indimi, Prince Arthur Eze, Chief Razak Akanni Okoya (Eleganza), Sir Emeka Offor, Cosmas Maduka, Allen Onyema (Air Peace), Jim Ovia, Adewale Tinubu and others.
‘’I wish to inform you that the following members of the Nigerian Private sector will be travelling to New Delhi to attend the Nigeria-India Presidential roundtable and conference organized by the High Commission in collaboration with the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC) to be addressed by his Excellency, Bola Ahmed Tinubu, GCFR, President of the Federal Republic of Nigeria. They are as follows;
1. Alhaji Aliko Dangote – Chairman/President, Dangote Group
2. Mr Tony Elumelu – Chairman/Founder, Tony Elumelu Foundation
3. Alhaji Abdul Sama Rabiu – Chairman/Founder, BUA Group
4. Mr Femi Otedola – Chairman/Founder, Femi Otedola Foundation
5. Mr Kola Karim – GMD/CEO, Shoreline Natural Resources
6. Hajiya Bola Shagaya – Founder/CEO, Balmus Group International
7. Mrs Folurunsho Alakija – GMD, The Rose of Sharon Group
8. Alhaji Mohammed Indimi – Chairman/CEO, Oriental Energy Resources Ltd
9. Sir Emeka Offor – CEO, Chrome Group
10. Chief Razak Akanni Okoya – Director, Eleganza Industrial City Ltd
11. Prince Arthur Eze – CEO, Atlas Oronto Petroleum Ltd
12. Mr Allen Onyema – CEO, Air Peace
13. Mr Cosmas Maduka – President & Chairman, Coscharis Group Ltd
14. Alhaji Dr Musbahu Mohammed Bashir – Althani Group of Companies
15. Mr Jim Ovia – Chairman, Zenith Bank Plc
16. Dr Oritsedere Otubu – Chairman, EKEDC
Mr Adewale Tinubu – CEO, Oando
Mr Gbenga Agboola – CE, Flutterwave (Fin Tech)
Olamide Diekola Aina – Venture Platform (Fin Tech)
Mitchel Elegbe – CEO, Interswitch (Fin Tech)
Idris Bamidele Saliu – Ceviant Finance (Tech)
Dr Fidealis Ayebae – Fidson Healthcare Plc
Dr Okey Okoli – SKG Pharmaceutical Industries Ltd
Dr Stella Okoli – Emzor Pharmaceutical Industries Ltd
Mr Tosin Jolayemi – Daily Need Industries Limited
Pharmacist Seun Omobo – Eko Pharmacy Limited
Mr Patrick Ajah – May & Baker Nigeria Ltd
Mr Bayo Odugbemi – McOLIVIA Limited
Dr Monica Eimunjeze – Dedoo Bio Plus Pharmaceutical Ltd
Affiong Williams – Founder/CEO Reelfruit
Dr Lazarus Angbazo – CEO & MD of The Infrastructure Corporation of Nigeria
Yahaya – CEO, Kursi Investment Ltd
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
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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