Business

Kemi Adetiba Lands Netflix Deal, Set To Release ‘To Kill A Monkey’

Published

3 years ago

July 6, 2023

Nigerian filmmaker, Kemi Adetiba, has landed a new deal with streaming giant, Netflix.

An excited Adetiba, known for films such as ‘The Wedding Party’ and ‘King of Boys’, took to her Instagram page to share the news accompanied by a video of a package from the streaming service.

“We’ve been quiet since KOB 2, and that’s pushing three years now. We’ve enjoyed how the industry has grown since then. But now, I’m ready to get back in the ring. It’s back-to-back season, baby. It’s gonna be a lot of work, but check this… Standing on my father’s name and with the strongest streaming platform’s backing @naijaonnetflix @netflix you’re gonna wanna watch every single visual project KAV shoots out the Canon…” her post partly reads.

The new deal will takeoff with the release of ‘To Kill A Monkey’ – an upcoming project announced last year – which is going directly to Netflix.
Her previously announced titles may also be heading to the global streaming platform.

In her words, “Starting with To Kill A Monkey – A crazy story God put in my head out of nowhere, the morning of my engagement. And I can’t wait for you guys to see it. If you’ve ever trusted me before, triple that trust, because ‘TKAM’ is something”

She also hinted that Nollywood actor, Chidi Mokeme, is involved in the project in her post saying, “@chidimokeme you might wanna jump in here and tell ’em summin’”.

Source: TheCultureNewspaper

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Business

Dangote Refinery Sets ₦525 Share Price for Landmark IPO

Published

2 months 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.