Ola Simeon, Author at Freedom Online https://freedomonline.com.ng/author/olasimeon/ ...express yourself Mon, 14 Sep 2026 17:23:00 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.4 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png Ola Simeon, Author at Freedom Online https://freedomonline.com.ng/author/olasimeon/ 32 32 Dangote unveils N2.15trn IPO, says ‘Refinery could become Africa’s largest company by end of 2026’ https://freedomonline.com.ng/dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026/?utm_source=rss&utm_medium=rss&utm_campaign=dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026 https://freedomonline.com.ng/dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026/#respond Mon, 14 Sep 2026 17:23:00 +0000 https://freedomonline.com.ng/?p=284581 Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Industries Ltd., says the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals (FZE) will democratise wealth creation. Dangote said this at the “Facts Behind the Offer” presentation and opening gong ceremony for the refinery’s IPO on Monday in Lagos. The ceremony witnessed the […]

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]]> https://freedomonline.com.ng/dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026/feed/ 0 UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate https://freedomonline.com.ng/uba-opens-subscription-channel-for-dangote-refinery-ipo-invites-investors-to-participate/?utm_source=rss&utm_medium=rss&utm_campaign=uba-opens-subscription-channel-for-dangote-refinery-ipo-invites-investors-to-participate https://freedomonline.com.ng/uba-opens-subscription-channel-for-dangote-refinery-ipo-invites-investors-to-participate/#respond Mon, 14 Sep 2026 16:24:51 +0000 https://freedomonline.com.ng/?p=284569 Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been named as an authorised financial institution through which eligible investors can subscribe to acquire shares of the highly anticipated Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. This means that UBA can provide investors with access to the landmark public offer, […]

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]]> https://freedomonline.com.ng/uba-opens-subscription-channel-for-dangote-refinery-ipo-invites-investors-to-participate/feed/ 0 Nigeria’s oil output rises by 0.4% to 1,677,777 bpd https://freedomonline.com.ng/nigerias-oil-output-rises-by-0-4-to-1677777-bpd/?utm_source=rss&utm_medium=rss&utm_campaign=nigerias-oil-output-rises-by-0-4-to-1677777-bpd https://freedomonline.com.ng/nigerias-oil-output-rises-by-0-4-to-1677777-bpd/#respond Sun, 13 Sep 2026 21:14:38 +0000 https://freedomonline.com.ng/?p=284527 Nigeria’s crude oil and condensate production rose by 0.4 per cent to 1,677,777 barrels per day (bpd) in August 2026. The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its crude oil and condensate statistics report released on Sunday. The commission said crude oil production, excluding condensate, averaged 1,500,190 bpd during the month under […]

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]]> https://freedomonline.com.ng/nigerias-oil-output-rises-by-0-4-to-1677777-bpd/feed/ 0 Dangote: Refinery IPO is ‘For the People’ https://freedomonline.com.ng/dangote-refinery-ipo-is-for-the-people/?utm_source=rss&utm_medium=rss&utm_campaign=dangote-refinery-ipo-is-for-the-people https://freedomonline.com.ng/dangote-refinery-ipo-is-for-the-people/#respond Wed, 09 Sep 2026 09:34:21 +0000 https://freedomonline.com.ng/?p=284313 *Anyone with BVN Can Become a Co-owner of Africa’s Largest Refinery President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has declared that the forthcoming Initial Public Offering (IPO) of the Dangote Petroleum Refinery is deliberately structured to ensure that ordinary Nigerians can easily participate in the ownership of one of Africa’s most strategic […]

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]]> https://freedomonline.com.ng/dangote-refinery-ipo-is-for-the-people/feed/ 0 Naira closes week with N1.13 gain at official market https://freedomonline.com.ng/naira-closes-week-with-n1-13-gain-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-closes-week-with-n1-13-gain-at-official-market https://freedomonline.com.ng/naira-closes-week-with-n1-13-gain-at-official-market/#respond Sat, 22 Aug 2026 12:59:02 +0000 https://freedomonline.com.ng/?p=283177 The Naira, on Friday, closed the week positive with gain at the official market, trading at N1,346.49 to the U.S. dollar. Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira gained N1.13, representing a 0.08 per cent gain when compared to Thursday when it traded at N1,347.62 per […]

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]]> https://freedomonline.com.ng/naira-closes-week-with-n1-13-gain-at-official-market/feed/ 0 Naira loses N7.09 at official market https://freedomonline.com.ng/naira-loses-n7-09-at-official-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-loses-n7-09-at-official-market https://freedomonline.com.ng/naira-loses-n7-09-at-official-market/#respond Thu, 20 Aug 2026 07:38:41 +0000 https://freedomonline.com.ng/?p=283046 The Naira, on Wednesday, depreciated at the official market trading at N1,350.41 to a dollar. Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira lost N7.09. This represented a 0.5 per cent loss when compared to Tuesday when it traded at N1,343.32 per dollar. The loss is coming […]

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]]> https://freedomonline.com.ng/naira-loses-n7-09-at-official-market/feed/ 0 Apapa Customs generates N28.1bn in 24 hours https://freedomonline.com.ng/apapa-customs-generates-n28-1bn-in-24-hours/?utm_source=rss&utm_medium=rss&utm_campaign=apapa-customs-generates-n28-1bn-in-24-hours https://freedomonline.com.ng/apapa-customs-generates-n28-1bn-in-24-hours/#respond Thu, 20 Aug 2026 07:35:07 +0000 https://freedomonline.com.ng/?p=283043 The Apapa Area Command of the Nigeria Customs Service (NCS) says it generated N28.1 billion in 24 hours, its highest single-day revenue collection to date. The Customs Area Controller of the command, Comptroller Emmanuel Oshoba, disclosed this in a statement by the Public Relations Officer, Isah Sulaiman, and made available to newsmen on Wednesday in […]

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]]> https://freedomonline.com.ng/apapa-customs-generates-n28-1bn-in-24-hours/feed/ 0 FG re-opens three bonds valued at N1.1trn for subscription https://freedomonline.com.ng/fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription/?utm_source=rss&utm_medium=rss&utm_campaign=fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription https://freedomonline.com.ng/fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription/#respond Thu, 13 Aug 2026 15:55:32 +0000 https://freedomonline.com.ng/?p=282654 The Debt Management Office (DMO), on behalf of the Federal Government, has announced an offer of three FGN bonds valued at N1.1 trillion for subscription at N1,000 per unit. According to a statement by the DMO on Thursday in Abuja, the first offer is January 2035 FGN Bond valued at N250 billion (10-year re-opening), at […]

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]]> https://freedomonline.com.ng/fg-re-opens-three-bonds-valued-at-n1-1trn-for-subscription/feed/ 0 Nigeria exceeds OPEC quota for third month https://freedomonline.com.ng/nigeria-exceeds-opec-quota-for-third-month/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-exceeds-opec-quota-for-third-month https://freedomonline.com.ng/nigeria-exceeds-opec-quota-for-third-month/#respond Thu, 13 Aug 2026 06:49:59 +0000 https://freedomonline.com.ng/?p=282629 Nigeria surpassed its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota for the third consecutive month in July 2026, official data have shown. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its July crude oil production statistics released on Wednesday. According to the commission, Nigeria produced 1.505 million barrels of crude […]

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]]> https://freedomonline.com.ng/nigeria-exceeds-opec-quota-for-third-month/feed/ 0 Nigeria’s domestic economy expanded by 3.87% in 2025 – CBN https://freedomonline.com.ng/nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn/?utm_source=rss&utm_medium=rss&utm_campaign=nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn https://freedomonline.com.ng/nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn/#respond Wed, 05 Aug 2026 20:10:04 +0000 https://freedomonline.com.ng/?p=282238 The Central Bank of Nigeria (CBN) says Nigeria’s domestic economy expanded by 3.87 per cent in 2025, an improvement over the 3.38 per cent recorded in 2024. The CBN said this in its recently released annual report for the 2025 fiscal year. According to the apex bank, broad-based growth followed gains from the continuing implementation […]

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]]> https://freedomonline.com.ng/nigerias-domestic-economy-expanded-by-3-87-in-2025-cbn/feed/ 0 FGN offers two savings bonds for subscription at N1,000 per unit https://freedomonline.com.ng/fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/?utm_source=rss&utm_medium=rss&utm_campaign=fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit https://freedomonline.com.ng/fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/#respond Mon, 03 Aug 2026 11:18:11 +0000 https://freedomonline.com.ng/?p=282123 The Debt Management Office (DMO), on behalf of the Federal Government, has announced an offer of two FGN bonds for subscription at N1,000 per unit. According to the DMO, the first offer is two-year FGN Savings Bond due Aug. 12, 2028 at interest rate of 13.96 per cent per annum. The second offer is a […]

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]]> https://freedomonline.com.ng/fgn-offers-two-savings-bonds-for-subscription-at-n1000-per-unit/feed/ 0 Naira ends July weaker, closes at N1,368.22 per dollar https://freedomonline.com.ng/naira-ends-july-weaker-closes-at-n1368-22-per-dollar/?utm_source=rss&utm_medium=rss&utm_campaign=naira-ends-july-weaker-closes-at-n1368-22-per-dollar https://freedomonline.com.ng/naira-ends-july-weaker-closes-at-n1368-22-per-dollar/#respond Sat, 01 Aug 2026 06:40:43 +0000 https://freedomonline.com.ng/?p=282027 The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 against the dollar on Friday. Data from the Central Bank of Nigeria (CBN) showed that the local currency depreciated by N1.49, or 0.1 per cent, from N1,366.72 per dollar recorded on Thursday. The […]

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]]> https://freedomonline.com.ng/naira-ends-july-weaker-closes-at-n1368-22-per-dollar/feed/ 0 Equities market dips by N13bn due to profit-taking https://freedomonline.com.ng/equities-market-dips-by-n13bn-due-to-profit-taking/?utm_source=rss&utm_medium=rss&utm_campaign=equities-market-dips-by-n13bn-due-to-profit-taking https://freedomonline.com.ng/equities-market-dips-by-n13bn-due-to-profit-taking/#respond Sat, 01 Aug 2026 06:33:54 +0000 https://freedomonline.com.ng/?p=282025 The Nigerian equities market closed lower on Friday as investors lost N13 billion following profit-taking in several medium and large-cap stocks. The decline was driven by sell-offs in Fortis Global Insurance, CAP Plc, Veritas Kapital Assurance, Vitafoam Nigeria, The Initiates Plc and 24 other equities. Market capitalisation dipped by N13 billion, or 0.01 per cent, […]

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]]> https://freedomonline.com.ng/equities-market-dips-by-n13bn-due-to-profit-taking/feed/ 0 NNPC records N535bn profit after tax for June https://freedomonline.com.ng/nnpc-records-n535bn-profit-after-tax-for-june/?utm_source=rss&utm_medium=rss&utm_campaign=nnpc-records-n535bn-profit-after-tax-for-june https://freedomonline.com.ng/nnpc-records-n535bn-profit-after-tax-for-june/#respond Fri, 31 Jul 2026 20:07:07 +0000 https://freedomonline.com.ng/?p=282013 The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded N535 billion Profit After Tax (PAT) for the month of June, representing 15.8 per cent increase from the N462 billion recorded in May. This figure is contained in the company’s monthly financial and operations report for the month of June 2026, released on […]

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]]> https://freedomonline.com.ng/nnpc-records-n535bn-profit-after-tax-for-june/feed/ 0 CBN retains all policy rates https://freedomonline.com.ng/cbn-retains-all-policy-rates/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-retains-all-policy-rates https://freedomonline.com.ng/cbn-retains-all-policy-rates/#respond Tue, 21 Jul 2026 22:21:41 +0000 https://freedomonline.com.ng/?p=281497 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent. The CBN Governor, Mr Olayemi Cardoso, made this known while presenting the communique from the 306th meeting of the committee on Tuesday in Abuja. Cardoso, who […]

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