Business

Kunle Afolayan Joins OSCARS Voting Academy Few Months After His Movie Was Rejected

Published

3 years ago

June 29, 2023

Iconic filmmaker, Kunle Afolayan, veteran Nigerian actor, Richard Mofe-Damijo, as well as other six trailblazers in the Nigerian film industry have joined the Oscars Academy.

In a post on its website on Wednesday, the Academy of Motion Picture Arts and Sciences (AMPAS) stated that the members who joined the class of 2023, make them voting Oscar members.

On its website, the academy wrote in part, “The Academy of Motion Picture Arts and Sciences has extended invitations to 398 distinguished artists and executives to join the organization in 2023.

Membership selection is based on professional qualifications, with an ongoing commitment to representation, inclusion and equity.

“The Academy is proud to welcome these artists and professionals into our membership. They represent extraordinary global talent across cinematic disciplines, and have made a vital impact on the arts and sciences of motion pictures and on movie fans worldwide,” said Academy CEO Bill Kramer and Academy President Janet Yang.

Below is the full list of Nigerians who have joined Oscars Academy:

RMD — actor category
Kunle Afolayan — writer category
Shola Dada — writer category
CJ “Fiery” Obasi — Director category
Jade Osiberu — producer category

Business

Dangote Refinery Sets ₦525 Share Price for Landmark IPO

Published

1 day 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.