Mamuda Group’s staff Strength to hit 23,000 – Hammoud

Your leadership has positioned Kano as a hub for commerce and innovation, enabling companies like Mamuda Group to thrive and contribute to the national economy.

Published

2 years ago

December 9, 2024

OCHEFA

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Kano- based Mamuda Group’s newly established factories will be adding 10,000 new jobs to the existing workforce of over 13,000 employees, bringing the total staff to 23,000 on the company’s payrolls.

This was disclosed by Mr Hassan Hammoud, Chairman and CEO of Mamuda Group, during the inauguration of the new factories by the Vice President Kashim Shettima, in Kano at the weekend.

In his remarks, Mr Hammoud urged the government to continue supporting industrial growth through strategic policies.

“Strategic investments in infrastructure, progressive tax reforms, and accessible financing are critical to unlocking Nigeria’s industrial potential,” he emphasized.

Mr Hammoud also expressed heartfelt gratitude to His Excellency Dr Abba Kabir Yusuf, Governor of Kano State, for fostering a secure and business-friendly environment.

“Your leadership has positioned Kano as a hub for commerce and innovation, enabling companies like Mamuda Group to thrive and contribute to the national economy.”

Mr Hammoud reaffirmed Mamuda Group’s alignment with the Federal Government’s vision of economic diversification and industrialization.

“With your continued support, we are confident in achieving even greater milestones and building a future where prosperity is shared by all Nigerians,” he stated.

Naira Exchange Rates Thursday, 5 Nov 2026

Published

1 day ago

November 5, 2026

OCHEFA

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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)

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

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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.