Business

Dele Oye Tasks OPS “Don’t Leave Nigeria Economy’s Matters To Politicians”

Published

3 years ago

June 12, 2023

616 Views

The newly elected President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture ( NACCIMA), Otunba Dele Kelvin Oye, has enjoined the Organised Private Sector not to leave the running of the country’s economy solely in the hands of politicians.

Dele Oye who was decorated as the 16th President of the Association, made the call during the inauguration ceremony at Ado Ekiti, Ekiti State.

He takes over from the former President- Ide John Udeagbala.

He said that his tenure would see NACCIMA partnering with the federal government to enhance the country’s economy.

“The Organised Private Sector ( OPS) members will no longer leave the country’s politicians with the economy; the country’s businessmen are also major stakeholders in the country’s economic matters,” he said.

The NACCIMA new boss promised that he wouldn’t used his new position to enriched himself, instead he will use his experience, funds and contacts to take his association to greater level, adding that he sees opportunity of service to people as an avenue to support the institution and it’s objective further.

Also, he promised that he will use his tenure to mentor and support women and youths businesses, adding that young Nigerian youths have been bringing revenues and fame to Nigeria than what an oil company could.
In his speech, the former president of the body, Udeagbala called on NACCIMA members to accord his successor the supports he needed to succeed in his new role.

Udeagbala said that has handed over the baton of leadership to Oye very happily and the caliber of the person assuming the leadership.

Related Topics:Dele Oye Nigeria Economy OPS

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Naira Exchange Rates Thursday, 5 Nov 2026

Published

15 hours ago

November 5, 2026

OCHEFA

73 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

2 days ago

November 4, 2026

OCHEFA

121 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.