You are at no risk, you will reap bountiful Returns investing in our IPO, Dangote Refinery VP assures Public

The Vice President, Oil and Gas, Dangote Industries Limited, Edwin Devakumar, has assured prospective investors that the ongoing Initial Public Offering (IPO) of the Dangote Petroleum Refinery presents a rare opportunity to participate in one of Africa’s most strategic and transformative industrial enterprises, adding that investors stand to enjoy significant value appreciation and attractive returns over the long term.

Devakumar stated that the refinery’s strong operational performance, growing market share, robust demand outlook, and strategic position within Africa’s energy value chain make it a compelling investment proposition for institutional and retail investors alike.

According to him, the refinery has started making profits and that it was established to end Nigeria’s dependence on imported refined petroleum products, strengthen national energy security, conserve foreign exchange, create employment opportunities, and position the country as a major exporter of petroleum products to regional and global markets.

“The Dangote Refinery is one of the most significant industrial investments ever undertaken on the African continent. It addresses a critical gap in the energy sector while creating substantial economic value. Those investing in the refinery's ongoing IPO are investing in a business with strong fundamentals, enormous growth potential, and a proven capacity to generate sustainable returns,”  Devakumar said.

According to him: “The objective is not merely to raise capital. It is to democratise ownership of a strategic national asset and allow millions of Nigerians and global investors to participate in the value being created by the refinery. We believe this is an opportunity for investors to become partners in Africa’s industrial transformation story,”

Devakumar stressed that funds realised from the offering would support the company’s long-term growth initiatives, operational optimisation, expansion projects, working capital requirements, and strategic investments across the petroleum value chain. He emphasised that the refinery’s integrated business model, advanced technologies, large-scale production capacity, deep-water port infrastructure, and extensive logistics network provide competitive advantages that are difficult to replicate anywhere in Africa.

“The refinery is strategically positioned to serve domestic, regional, and international markets. Demand for refined petroleum products across Africa continues to grow, and our scale, efficiency, and location provide a unique advantage in capturing these opportunities. This translates directly into long-term value creation for shareholders,” he stated.

Devakumar explained that the refinery’s ability to process a wide range of crude oil grades, coupled with its production of high-quality petrol, diesel, aviation fuel, liquefied petroleum gas, and petrochemical feedstocks, has created multiple revenue streams that strengthen the company’s earnings potential.

He further stated that the company remains committed to the highest standards of corporate governance, transparency, financial discipline, environmental stewardship, and operational excellence—factors that are critical to sustaining investor confidence and shareholder value.

Once the IPO is concluded and the shares listed, he said the company's  commitment to accountability and transparency will become even stronger. "Investors will benefit from regular financial disclosures, strict governance standards, and a management team focused on driving sustainable growth and profitability,” he said.

Devakumar expressed confidence that the refinery’s future earnings potential, expanding export footprint, and strategic role in Africa’s energy security would continue to attract strong investor interest.

“This IPO represents more than an investment opportunity; it is an invitation to participate in a historic enterprise that is redefining the African energy landscape. We are confident that investors who subscribe to the offer will be well-positioned to reap bountiful returns as the refinery continues its growth journey and delivers value to shareholders,” he concluded.

Credit Dangote Group PR

You're my Truest Friend and Confidante, Tinubu celebrates Wife at 66

President Bola Tinubu has celebrated his wife, Oluremi Tinubu, on her 66th birthday, describing her as his truest friend, confidante and life partner.

In a heartfelt birthday message on Sunday, the President praised Oluremi for standing by him with “patience, grace and uncommon courage” through every season of their life together.

The President said the burdens he carried often found their way onto Oluremi’s shoulders, while thoughts he could not express somehow found their way to her.

“In difficult times, when the future was uncertain, you stayed calm beside me and prayed with me,” Tinubu said.

He described the First Lady as the person who truly understood him, often sensing when he needed counsel before he asked.

“More often than not, you sense when I need counsel before I ask. There have been nights when your presence alone was counsel enough,” he said.

Tinubu called Oluremi his “truest friend and confidante”, praising her courage to speak the truth even when he would rather not hear it.

“After a demanding day, you wait until we are alone before telling me what I need to hear. I have always cherished you for that honesty,” he said.

The President praised her devotion to their family, saying their children and grandchildren had grown under the shelter of her prayers and carried her values of faith and kindness.

Tinubu also acknowledged Oluremi’s compassion, generosity and steadfast faith, saying Nigerians knew her for quietly touching lives and offering hope to those in need.

He recalled her humanitarian work through the New Era Foundation and the Renewed Hope Initiative, which he said had reached vulnerable Nigerians nationwide.

He said her interventions had supported young people, widows, elderly citizens and women farmers, while those affected by tuberculosis and other diseases had found a compassionate advocate in her.

“I know the prayers you offer for people whose names you may never know. I also know many whom you have helped without ever meeting them.

“For you, compassion has never recognised the boundaries of tribe, region or religion,” he said.

Reflecting on their journey together, Tinubu said their years together had been marked by difficult decisions, sacrifices, laughter and prayer.

The President thanked Oluremi for the life they had built together and prayed that God would grant her many more years in good health and joy.

“Happy 66th birthday, my darling Oluremi. I pray that God Almighty will grant you many more years in good health and joy,”  Tinubu said.

Credit NAN: Texts excluding Headline

Fidelity Bank elevates 13% of its Workforce