The popularity also reflects a growing investment culture among younger Nigerians who have embraced mobile trading platforms, cryptocurrencies and digital savings products. But fear of missing out may have also pushed some to get into the investment business. In the build-up to the IPO, social media platforms were awash with financial conversations. People shared subscription
Nigerian billionaire Aliko Dangote has launched Africa’s largest ever share sale, offering a stake in his oil refinery to the general public in a deal that could raise as much as $2.1bn (£1.6bn). The initial public offering (IPO) is for roughly 3% of the Dangote refinery, with the billionaire saying he wanted to give ordinary
It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the holiday, nearly a dollar higher than last year and well above the Labor Day weekend record of $3.82
Libyan emergency services have been battling to contain a huge blaze at a major oil plant after it was targeted by unknown attackers. The Zawiya refinery, west of the capital Tripoli, was hit in a drone strike on Monday evening – the third such incident in two days. The National Oil Corporation (NOC) said a
Yemen’s Houthis attacked a crucial port on the Red Sea, killing people and further escalating the conflict over strategic waterways in the Middle East. They also said they attacked an oil facility on Sunday in southwestern Saudi Arabia, the latest attack by the Iranian-backed rebels on the kingdom. Meanwhile, Iran has made new demands about the restart of
Ukraine has said it carried out overnight strikes deep inside Russia, hitting a major oil refinery and an airfield that houses Russian strategic aviation. President Volodymyr Zelensky said the Engels airfield and the refinery, both in the Saratov region some 600km (373miles) from Ukraine’s border, were hit. An oil depot was also struck in Kaluga
