Burna Boy Becomes First Artiste to Reach Over a Billion Streams on Boomplay

Published

3 years ago

September 6, 2023

Grammy award-winner Burna Boy has achieved a massive milestone as the first artiste to record over a billion streams on Boomplay, the largest digital music streaming platform in Africa.

This achievement comes after the release of his latest album and solidifies his position as a powerhouse in the Afrobeats genre.

Burna had reached half a billion streams on the streaming platform in September 2022 also the first artiste to do so at the time.

Boomplay is the largest digital music streaming platform in Africa and Burna Boy is also the most followed artiste on the platform with more than 600,000 followers.

The ‘Last Last’ crooner was also the first Nigerian artiste to surpass one billion career streams on Apple Music, Spotify, YouTube and Audiomack.

Due to some controversial statement he made about the Afrobeats genre prior to his album’s release, the album has had a polarising reception.

However, the album’s hit track, ‘Sitting On Top Of The World’, debuted at number 80 on the Billboard Hot 100, making it his fourth entry on the chart.

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

Published

1 week ago

September 5, 2026

Basit Saba

Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.