Dangote Predicts Refinery Shares Will Rise from N525 to N10,000, Raises Petrol Gantry Price to N1,350 Peter Uzoho
President of Dangote Industries Limited, Aliko Dangote, has said shares of the Dangote Petroleum
Refinery, currently offered at N525, could rise to N10,000 in the future. Dangote also assured small-scale investors seeking
to participate in the refinery’s Initial Public Offering (IPO) that they would be prioritised for share allocation. This comes as Dangote
Petroleum Refinery has increased the pump price of petrol from N1,265 to N1,350 per litre, effective yesterday, September 12, 2026.
Dangote spoke in Hausa during an interview with Abis Fulani, which Google Gemini translated, while discussing the planned IPO and its potential
benefits to investors. According to Dangote, retail investors seeking to buy shares Continued on page 5
Buoyed By Investor Confidence, Market Capitalisation of Listed Securities Surges N65.4tn in Eight Months…Page 5 Sunday, September 13, 2026 Vol 31. No 11480
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2027: Tinubu, Atiku, Obi, 15 Others Make INEC’s Final List of Presidential Candidates…Page 7
Tinubu, Jonathan, Abbas, Northern Govs, Fintiri, Makinde, Mourn Elder Statesman, Bamanga Tukur Deji Elumoye, Chuks Okocha in Abuja, Daji Sani in Yola and Segun Awofadeji in Gombe
PPresident Bola Tinubu; former President Goodluck Jonathan; Speaker of the House of Representatives, Tajudeen Abbas;
Chairman of the Northern Nigeria Governors’ Forum (NNGF) and Governor of Gombe State, Alhaji Muhammadu Inuwa
Yahaya; Governor of Adamawa State, Hon. Ahmadu Umaru Fintiri; Peoples Democratic Party (PDP); and former Senate
president and National Chairman of the African Democratic Congress (ADC), Senator David Mark have mourned
an elder statesman, renowned businessman, ex-National
Continued on page 5
Presidency: Obi is Overhyped, He Lacks Record Needed to Lead Nigeria Says Atiku’s subsidy plan failed under Obasanjo Chuks Okocha in Abuja The Presidency has dismissed the high expectations surrounding the bid for the presidency by the presidential candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi, saying governance is not achieved through magic. This follows its criticism of the plan by the presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar, to subsidise crude for local refineries, saying the model failed when implemented under former President Olusegun Obasanjo’s administration. While criticising Obi’s leadership record and suitability for higher office in a post on his X handle yesterday, the Continued on page 5
RALLYING SUPPORT FOR MULTILATERAL TRADING SYSTEM…
L-R: Director General, World Trade Organisation, Dr. Ngozi Okonjo-Iweala; Vice President Kashim Shettima; and the Minister of Industry, Trade and Investment, Jumoke Oduwole, on the sidelines of the ongoing BRICS Summit in New Delhi, India...yesterday