Business

President Tinubu Arrives GUINEA-BISSAU for 50th Independence Anniversary

Published

3 years ago

November 16, 2023

513 Views

President Bola Tinubu has arrived in Guinea Bissau at about 5.51 am. local time (6:51 am Nigeria time) for the 50th Independence Day Anniversary and Armed Forces Day.

President Tinubu was received at the country’s airport by a senior Minister and Chief of Staff to the President, Soarez Sambu.

Recall that Guinea-Bissau marked its 50th Independence Anniversary on September 24, 2023, but the government had scheduled all celebrations for November 16, 2023.

The ceremony is hosted by President Umaro Sissoco Embalo.

The President is expected to return to Nigeria on Thursday.

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Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

8 hours ago

November 5, 2026

OCHEFA

62 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

1 day ago

November 4, 2026

OCHEFA

109 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.