Business
Grace Agbo gives succour to indigent
Beautiful Nollywood actress Grace Agbo has celebrated her promotion to the rank of Assistant Superintendent of Fire1 (ASF1) at the Federal Fire Service by sending gift items to the less privileged.
Agbo secured a job as a firefighter because of her passion to save lives and help those in danger.
The Idoma born actress has featured in many films that include ‘Black Out,’ ‘Mr Potosky,’ ‘Lost Pride,’ ‘Deadly Desire,’ ‘Palace of Sorrow,’ ‘Ada-Ide-Ichaka,’ ‘Haunted Palace,’ ‘Village Don,’ ‘The Calabash’ amongst others.
She said she remained in Nollywood despite being a firefighter.
In a brief chat, she said, “I took up an appointment in Federal Fire Service in 2019 while still in Nollywood as a result of the passion I have for the job. Being a firefighter has given me the opportunity to contribute to society by teaching people how to prevent fire and the things to do when there is a fire outbreak. I have reached out to millions of people through social media and visited organisations, schools, and other agencies alongside my Special Duty unit team from the headquarters.”
On her new role, she said her new role will her to do more.
“Special duty unit is a unit under Inspectorate, Investigation and Enforcement (IIE) department which is saddled with the responsibility of inspecting buildings to see the level of their fire safety compliance, carry out training, excursion, issue fire certificate amongst other functions.”
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.
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