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The Securities and Exchange Commission has greenlit the Dangote Refinery’s Initial Public Offering, setting the share price at ₦525. The company plans to offer 4.1 billion ordinary shares, potentially raising ₦2.15tn if fully subscribed.
This approval follows recent announcements from refinery owner Aliko Dangote regarding the IPO’s imminent opening. The SEC’s clearance paves the way for the next crucial steps in the public offering process.
Yobe State government commits N360 million annually to its free dialysis program at YSUTH, Damaturu. Chief Medical Director Baba Goni revealed that 600-700 sessions are conducted monthly, costing N30 million each month. The scheme, running since 2017, significantly reduces patient costs compared to private facilities.
Additionally, the hospital provides free fistula surgeries and has recently upgraded its dialysis capacity to 11 machines. Plans are also underway to establish a new center in Gashua to improve access for residents in kidney disease-prone areas.
Education Minister Dr. Tunji Alausa revealed that NECO exam papers were sold for N3,000 prior to the exams, calling the scale of malpractice “mind-boggling.” He warned stakeholders against compromising exam integrity, noting that honest students are disadvantaged by those with leaked questions. Alausa described the widespread acceptance of cheating as a “nightmare.”
Sharjah Police have arrested a man suspected of murdering two sisters following a dispute. The victims and the perpetrator are reported to be from Kazakhstan. The suspect has confessed to the crime after police presented evidence linking him to the incident.
Rivers Governor Fubara Signs N1.85 Trillion Budget
Rivers State Governor Siminalayi Fubara has signed the N1.85 trillion 2026 Appropriation Bill into law, signaling a new era after political crisis. The ceremony in Port Harcourt marks his first budget approval since taking office in 2023, aiming for renewed legislative cooperation and development.
Tinubu’s US Case: Civil, Not Criminal!
The Nigerian Presidency confirms President Bola Tinubu’s ongoing case in the US District Court is a civil records-disclosure dispute under the Freedom of Information Act, not a criminal matter. Special Adviser Bayo Onanuga stated Thursday that the proceedings do not involve criminal charges, trials, or judicial findings of wrongdoing against Tinubu.