Economy
Dangote to List Refinery, Fertilizer on Stock Exchange in Q1 2025
By Adedapo Adesanya
Mr Aliko Dangote has announced that Dangote Industries Limited will list the Dangote Petroleum Refinery and the fertiliser plant on the stock exchange by the first quarter of 2025.
The $20 billion refinery is expected to generate an annual return of $25 billion and another $2.5 billion in the fertiliser plant will provide opportunities for the public to invest, according to the billionaire while addressing the media at the Dangote Refinery over the weekend.
“The refinery, expected to generate $25 billion annually from 2025, is set to be listed on the stock exchange in Q1 2025, offering Nigerians a chance to invest in the company.
“The fertilizer plant will also be listed, providing additional investment opportunities,” he said.
“Because of the nature of the business we have, both the refinery and the fertilizer, we are targeting the end of this year but it depends, most likely, in the worst case, we will be able to list them before the end of the first quarter of next year so that we will sell shares and Nigerians will buy,” Mr Dangote stated.
Mr Dangote highlighted the refinery’s impressive capacity, stating, “It is the largest single train refinery in the world with 650,000 barrels per day refining capacity.
“This marks the attainment of self-sufficiency in domestic refining of petroleum products and provides excess capacity in refined products for the export market.”
The industrialist emphasised the importance of investing in the country, urging Nigerians to manufacture and grow the economy rather than relying on imports.
“It is better to manufacture and grow the economy. If we allow imports so much, we may not be able to compete with other nations,” he said.
The refinery has already made a significant impact on the market, with diesel prices dropping below N1,100 per litre three times.
Additionally, the conglomerate plans to add nine million tonnes of capacity to the cement industry and expects to generate $325 million annually from cement exports.
Mr Dangote also called on Nigerian businessmen to invest in the country, warning that import dependency will impoverish the nation.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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