Business

Nigerian cinematographers society gets world’s recognition, joins IMAGO

Published

3 years ago

July 2, 2023

The Cinematographers Society of Nigeria (CSN) has finally been admitted as a member of the International Federation of Cinematographers (IMAGO).

This underscores the professionalism of the cinematography practitioners in Nigeria and another testimony that the act of movie production in the nation’s movie industry, Nollywood, is getting the deserved world’s attention.

According to a release made available to the media and signed by the CSN’s general secretary, Emmanuel Chidiebere Nwosu, the guild was unanimously admitted as a full member without opposition.

“The National President, Mr. John Aduloju, was invited to present the guild to the International Federation of Cinematographers (IMAGO), where he successfully introduced CSN to the world body and effectively addressed numerous inquiries.

“We are delighted to share that CSN was unanimously admitted as a full member without opposition.

“This momentous admission into IMAGO signifies an important achievement for CSN, elevating us to the global stage and providing an opportunity to showcase the highest quality of works from Nollywood,” Nwosu said.

IMAGO, which comprises 55 guilds of cinematographers, recently held its IEGA 2023 (IMAGO Extraordinary General Assembly) with the attendance of 44 guilds.

Nwosu believed that the admission is a clarion call to all stakeholders in the Nigerian movie industry to do more in striving for excellence.

“It serves as a clarion call to all CSN cinematographers, urging them to enhance their skills and strive for excellence to remain relevant in the industry.

“Following this admission, CSN will embark on a restructuring process and introduce a new categorization of membership to meet and exceed IMAGO’s expectations. We proudly represent the Cinematographers Society of Nigeria (CSN) as an esteemed member of IMAGO,” the general secretary concluded.

Formerly known as Nigeria Society of cinematographers (NSC), the Cinematographers Society of Nigeria was birthed in the late 90’s but inaugurated in 2002.

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Business

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.