Business
Luxury Prime Properties Sets New Standards with Africa’s First Real Estate Bazaar
Luxury Prime Properties, a leading name in luxury real estate, proudly hosted Africa’s inaugural Real Estate Bazaar, a landmark event aimed at revolutionizing the real estate sector on the continent. The event was attended by distinguished dignitaries, industry leaders, and esteemed guests, marking a significant milestone in the evolution of Africa’s property market.
The event, held at the Capital City, Abuja was characterized by an atmosphere of excitement and anticipation as participants explored a diverse range of premium real estate offerings. From luxurious residences to exclusive commercial properties, the bazaar showcased the finest selections from Luxury Prime Properties’ esteemed portfolio.
Speaking to members of the press, CEO Mr Samuel Eze underscored the company’s commitment to reshaping the narrative of the real estate sector in Africa.
“Luxury Prime Properties is not just about selling properties; we are here to redefine the standards of excellence in the industry,” stated Eze. “Our mission is to provide unparalleled quality, service, and innovation, setting a new benchmark for luxury real estate across the continent.”
Throughout the event, attendees had the opportunity to engage with industry experts, network with like-minded individuals, and gain valuable insights into the latest trends and developments shaping the real estate landscape. From informative seminars to exclusive property viewings, the Real Estate Bazaar offered a unique platform for both buyers and sellers to connect and collaborate.
“We are thrilled to have brought together such a distinguished gathering of individuals who share our vision for the future of real estate in Africa,” remarked Eze. “This event marks the beginning of an exciting journey, and we look forward to continuing to push the boundaries of excellence in everything we do.”
Luxury Prime Properties remains committed to driving innovation, fostering growth, and delivering unparalleled value to its clients across the continent. As Africa’s premier destination for luxury real estate, the company is poised to lead the way in shaping the future of the industry.
Business
Dangote at IPO Listing, Charges Public,”I don’t want to be called richest man in Africa”
“I don’t want anybody again to call me the richest man in Africa. I want to be called the wealthiest man in Africa so that I can create wealth for others,” he said.
The trading floor of the Nigeria Exchange Limited (NGX) is agog this morning as billionaire industrialist,Aliko Dangote, declared opened trading activities for the day.
“I don’t want anybody again to call me the richest man in Africa. I want to be called the wealthiest man in Africa so that I can create wealth for others,” he said.
Dangote made the remarks on Monday while sounding the gong at the Nigerian Exchange (NGX) in Lagos to formally launch the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.
The billionaire businessman said the IPO provided an opportunity for investors to participate in what he described as a transformational phase for Nigeria and Africa’s economies.
“Today, we are not merely offering shares. We are offering an opportunity to participate in the transformational chapter of not only Nigeria’s economy, but Africa’s economy,” Dangote said.
He urged Nigerians to deepen the capital market and promote wider ownership of wealth.
“Together, let us deepen our capital market. Together, let us create prosperity through ownership. Together, let us build a stronger Nigeria. Together, let us ensure prosperity for Africa,” he said.
BLACK MARKET
US DOLLAR ₦1385
POUND (GBP) ₦1880
EURO (EUR) ₦1580
CANADIAN DOLLAR (CAD) ₦1000
SOUTH AFRICAN RAND (ZAR) ₦90
UAE DIRHAM (AED) ₦370
CHINESE YUAN (CNY) ₦190
GHANA CEDI (GHS) ₦100
Central Bank of Nigeria Rates
DOLLAR (USD)₦1326.52
POUND (GBP)₦1794.52
EURO (EUR)₦1540.22
SWISS FRANC (CHF)₦1627.83
JAPANESE YEN (JPN)₦8.64
CFA FRANC (XOF)₦2.34
WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1811.58
CHINESE YUAN (CNY)₦197.74
SAUDI RIYAL (SAR) ₦353.20
SOUTH AFRICAN RAND (ZAR) ₦82.24
Business
Dangote Refinery’s IPO Officially Opens Today On NGX
Speaking on the significance of the IPO, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said:“Today marks the beginning of a new chapter in the history of Dangote Refinery and, indeed, in the economic future of our nation…”
Dangote Petroleum Refinery & Petrochemicals FZE today announced the commencement of its Initial Public Offering (IPO) to the investing public.
The offer will be formally launched at a ceremony on the trading floor of the Nigerian Exchange (NGX) Limited in Lagos.
The IPO, which opens today, September 14, 2026, consists of 4.1 billion new ordinary shares offered at N525 per share, with a minimum subscription of 10 shares valued at N5,250.
The offer is expected to remain open until October 13, 2026, subject to the terms outlined in the Prospectus. The transaction is targeted at retail, institutional, and eligible African investors, reinforcing Dangote Refinery’s commitment to broadening ownership and deepening participation in Nigeria’s capital market.
The public offer is expected to raise approximately N2.15 trillion, making it one of the largest equity offerings ever undertaken in Africa.
The proceeds will support the Refinery’s long-term growth plans, operational expansion, strategic investments, and the creation of additional value for shareholders and stakeholders alike.
Speaking on the significance of the IPO, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said:“Today marks the beginning of a new chapter in the history of Dangote Refinery and, indeed, in the economic future of our nation. This offering is about more than raising capital; it is about creating an opportunity for ordinary Nigerians, Africans, and investors across the globe to participate directly in one of the most transformative industrial projects ever built on the continent.
We established this refinery to transform Africa’s energy landscape, create jobs, conserve foreign exchange, and unlock shared prosperity. With this IPO, we are extending that vision by democratising ownership and ensuring that millions of people can benefit from the value being created.”
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