Business

Fathia Williams bags new endorsement deal, car at birthday

Published

5 years ago

March 3, 2022

Nollywood actress, Fathia Williams, got a double dose of fulfillment as she has bagged a new endorsement deal with Kayode Obembe Real Estate Company at her grand style birthday party, which took place at the Federal Palace Hotel on February 27, 2022.

The celebrity packed birthday party, themed #FaithiaUnusual, witnessed top Nollywood stars such as Toyin Abraham, Mercy Aigbe, Odunlade Adekola, Femi Adebayo, Wumi Toriola and other dignitaries including MC Oluomo, IBD Dende, Desmond Eliot and the likes.

One of the highlights of the event was when the real estate company announced her as its ambassador by the company’s CEO, by CEO, Pastor Kayode Obembe, and inked the mouth watering deal with a brand new car.

Speaking on the endorsement deal, Fathia Williams expressed gratitude to the company and announced how proud she was to be part of a team known for integrity.

“This endorsement deal means a lot to me because Kayode Obembe Real Estate Company believes in integrity, class, quality products and customer satisfaction, which are what “Fathia Williams” brand portrays.

“I want to say a big thank you to Pastor Kayode for this great opportunity to collaborate with the brand and I promise to be a good ambassador to this brand.

“Finally, I want to use this medium to urge y’all to patronize Kayode Obembe Real Estate Company as you won’t be disappointed in anyway,” the visibly elated actress said.

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.