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Africa's Giant: Dangote Refinery Extends $2.1 Billion IPO, Eyeing Broader Investor Base
Aliko Dangote's oil refinery has extended its Initial Public Offering (IPO) until October 27, 2026, following SEC approval to accommodate growing investor interest across Africa. Subscriptions have already exceeded the target, with the primary aim being to broaden African ownership in the continent's largest industrial enterprise rather than solely raising capital.
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NAF Scandal: Ondo Crash Victim's Family Alleges Cover-Up, Military Initiates Probe
The Nigerian Air Force is investigating the crash of its ATR-42 aircraft in Ondo State amid allegations of a pre-existing mechanical fault and a cover-up. The brother of a deceased sergeant claims his sister reported technical issues before the fatal flight from Benin City, a narrative supported by earlier investigative reports. This has sparked concerns over flight safety, military transparency, and the welfare of personnel.Pelumi Ilesanmi
Kano Crackdown: Police Block 'Tinubu Must Go' Rally, Spark Outrage
Police in Kano State disrupted a "Tinubu Must Go" rally, deploying numerous vehicles and allegedly arresting the event venue owner. The African Democratic Congress and Amnesty International condemned the action as unconstitutional and a violation of fundamental human rights, highlighting concerns over democratic repression and economic hardship in Nigeria.Pelumi Ilesanmi
Nigeria’s 30-Day Petrol Discount: Relief for Commuters or a Short-Term Fix?
Nigeria’s 30-day petrol discount could offer temporary relief, but questions remain over how much operators will save, whether commuters will pay lower fares, and what happens when the scheme ends amid concerns about its timing ahead of the 2027 elections.Adedoyin Oluwadarasimi
Who Sold Nigeria? A Journey into the Royal Niger Company and the Auctioning of a Nation
The Royal Niger Company "sold" Nigeria to the British government for £865,000 in 1899. This transaction marked the transfer of control over the territories that would become Nigeria from the company to the British Crown. The Royal Niger Company, led by figures like Sir George Goldie, had been granted a royal charter in 1886, giving it significant powers to sign treaties, collect taxes, and govern in the name of Britain but for private gain.Olajide Ayodokun Felix