🇳🇬 Nigeria's Biggest Story Today

 

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‎Dangote Refinery IPO launches - Africa's largest ever
‎Aliko Dangote launched the IPO for his oil refinery yesterday in Lagos. It's now live.
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‎Offer: 4.1 billion shares at N525 each (minimum 10 shares = N5,250) 5be3
‎Closes October 13. If fully subscribed, it raises 2.15 trillion naira ($1.6bn) and could rise to $2.1bn with greenshoe
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‎The $20bn refinery on the outskirts of Lagos supplies most of Nigeria's gasoline since 2024 and plans to expand from 700,000 to 1.4 million barrels per day by
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‎It's being sold through fintech apps to retail investors - "We want everyone to own a share," Dangote said.
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‎Other Nigeria headlines:
‎National Laureate deadline today: Submissions close today, Sept 15
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‎Flood alert: NiHSA warned of high flood risk for 2026 with over 14,000 communities exposed across 33 states + FCT, peaking July-September
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‎World 🌏 stories
‎Senegal debt talks: World Bank President Ajay Banga will meet Senegal's President Faye Monday to fast-track Senegal's debt restructuring under the G20 Common Framework. 2e5ff12c
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‎ Emergency summit in Doha: Qatar will host an emergency Arab-Islamic summit today to discuss the Israeli attack on Doha. 6f9f
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‎⚽ Sports
‎Leeds beat Newcastle 4-1 to climb to third in Premier League on 8 points, four behind leaders Arsenal.
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Monday News stories

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‎Top Story for Nigeria - Dangote Refinery IPO
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‎Today's biggest news in Nigeria is economic. Billionaire Aliko Dangote launched Africa's biggest share sale ever - the IPO of his oil refinery.
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‎The offer of 4.1 billion shares at 525 naira each opened at 8am today and closes October 13. It aims to raise 2.15 trillion naira ($1.6bn) and values the plant at about $47bn. The $20bn refinery on the outskirts of Lagos already supplies most of Nigeria's gasoline and has seen strong demand for its jet fuel because of supply disruptions linked to the Iran war.
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‎Dangote says there is "no segregation" - Nigerians can buy as few as 10 shares via fintech platforms.
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‎10 Things You Need To Know This Morning
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‎Fuel prices up in Abuja: Brent crude hit $104.61/barrel, and retail outlets in the FCT hiked pump prices on Sunday. Prices have been rising since February due to the US-Iran war.
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‎Edo State - Arrest on Benin-Sapele Road: Troops of 4 Brigade Operation WABAIZIGAN arrested suspected kidnapper Olamide Oyeniyi on September 12 at Obaretin Community in Ikpoba-Okha LGA and recovered an AK-47.
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‎Tragic NAF incident: A suspected bomb dropped by a Nigerian Air Force jet killed 7 local vigilantes and injured 8 in Kukoki-Bassa, Shiroro LGA, Niger State.
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‎Borno schools: Gov. Zulum says over 5,000 school structures were destroyed during Boko Haram crisis, leaving 2.2m out-of-school children.
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‎President Tinubu in Paris: The President arrived in Paris on Sunday for the next phase of his three-week annual leave in Europe.
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‎Banks closing branches: Deposit Money Banks closed 476 branches between 2022-2025, down 8.8% from 5,410 to 4,934, per CBN data.
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‎Other national business today: The Federal Government and GenCos are set to formalise a N728.9bn power sector bond today, and the NCC's final deadline for NIN-SIM linkage is today.
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‎World Markets
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‎Oil surge: Brent is back above $107 as Houthis close in on Bab el-Mandeb Strait, warning Saudi ships.
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‎Stocks muted: European STOXX 600 was little changed as tech fell 1.4% after AI leaders called for slower development.
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‎Fed watch: Goldman Sachs now expects a 25bps Fed rate hike this week, reversing its forecast, as oil rally fans inflation concerns. Gold slipped to $4,334 as a result.
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‎Japan: BOJ is on alert for "non-linear" inflation spikes due to import costs.
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