Business
Lateef Adedimeji becomes FCMB brand ambassador
Nigerian actor Lateef Adedimeji has been officially unveiled as an FCMB brand ambassador. This was made known to the public by the actor via his official Instagram page.
Announcing the good news on his Instagram page, Lateef Adedimeji wrote, “Hello family say hello to our new family @myfcmb MY BANK AND I
ALHAMDULILAH. AYINLA ANIGILAJE.”
In a recent interview with The Guardian Nigerian Newspaper, Lateef Adedimeji spoke his final words to young Nigerian youths who wants to be like him.
When asked what are your final words, especially to young people who are looking up to you?
He said, “I always hear people say, ‘I want to be like him’, and I tell people don’t be like me; it’s crazy. That’s the worst thing you can do to yourself. Do not be like me, if you see something interesting about me, you can pick it and add it to yourself, but don’t try to be like me. If I have a fifty and you have a hundred and you want to be like me, you have limited yourself to the fifty that I have and you have every right to be better than I am in every way to get to your hundred. So, pick from me, and go ahead and prosper.”
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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