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Day: September 10, 2026

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Dangote to retain 84.34% control of Refinery after planned N2.15 trillion IPO, Prospectus shows

Dangote to retain 84.34% control of Refinery after planned N2.15 trillion IPO, Prospectus shows

Despite N2.15 trillion planned share sale in what bids fair to be Africa’s biggest share sale, Aliko Dangote’s beneficial ownership of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will stand at 84.34%, not the 65.8% suggested by his largest single shareholding vehicle. Nairametrics analysis of the company’s prospectus for the Initial Public Offering (IPO) dated...

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Ghana’s electricity generation continues to decline, recorded peak demand of 3968MW in July 2026 – PURC

Ghana’s electricity generation continues to decline, recorded peak demand of 3968MW in July 2026 – PURC

Ghana’s electricity generation continued to decline, recording a 3.99% decrease on a month-on-month basis in July 2026, but increasing by 6.20% year-on-year, a Fact Sheet from the Public Utilities Regulatory Commission (PURC) has disclosed.This indicates sustained annual growth despite lower output in July as a result of seasonal changes in demand that is lower demand...