Business
Zainab Bakare cries out as she loses her life savings
While others stepped into the new month with happiness, Nollywood actress, Zainab Bakare is having a tough time as she loses all her life savings.
The actress took to Instagram to cry out over the huge loss.
She questioned where her bank expect her to start from since they stated that they don’t have solutions to remedy the unfortunate situation.
She revealed that her bank told her to arrest people as the POS machine used is not traceable.
“Gtbank the whole money in my account is gone o. Where do you guys expect me to start from o. No solution they said in the bank, I should go arrest people, how pls how? @gtbank come and attend to this o. Come o ko funny o”.
“My Almighty Gtbank said the POS machine used is not traceable I should go arrest people around me! I’m finished like this! As much as I hate social media drama. There are just somethings one can over look when people start dragging me online to ask for their money, people who claim to love you will be in one corner laughing but before then @gtbank please I have visited the bank and they said my money is not traceable, I should wait for 10 – 30 working days please how am I sure there would be a solution afterwards??”.
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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