Business
Wale Tinubu to Lead a session at Intra-African Trade Fair in Algiers
The Group Chief Executive, Oando Plc, Mr. Jubril Adewale Tinubu, is scheduled to speak tomorrow, Sunday at the ongoing Intra-African Trade Fair 2025 holding in Algiers in Algeria. Tinubu will be doing so alongside Mr. Habes Amor, CEO, Faderco, Algeria as they lead the session in conversation with Africa’s industrial leaders.
Earlier on Saturday, Tinubu was also the cynosure of all eyes during the Fireside chat, where he drew lessons from experiences garnered over the years and gave business advice on a number of issues.
IATF is being organised by Afreximbank in partnership with the African Union Commission and AfCFTA Secretariat. IATF 2025 is the ultimate marketplace for African businesses, investors, and entrepreneurs.
It is expected to boost intra-African trade significantly over the coming years. Increasing intra-African trade can foster industrialization, promote value addition, create jobs, and enhance competitiveness on the global stage.
With access to over 1.4 billion people and a GDP exceeding $3.5 trillion, this event is a game-changer for intra-African trade
to bring together continental and global players to explore business and investment opportunities in Africa, to serve as a marketplace where buyers and sellers meet and explore business opportunities,
to share trade, investment and market information and to identify solutions to address the challenges affecting intra-African trade.
It is also to share information about trade finance and trade facilitation interventions provided by Afreximbank and similar financial institutions to provide a broad platform that connects a broad spectrum of tradable and trade-facilitating activities, namely creative industry, automotives, seminars and workshops etc.
The event which began on Thursday will end on Wednesday, 10th September, 2025. Oando Plc is among the major sponsors of the event.
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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