Search Results for "regulatory approval"
16 results found
Dangote Refinery shares priced at ₦525 as SEC approves IPO

…the SEC has registered the company’s existing 120.13 billion ordinary shares. “The regulatory approval clears the refinery’s draft offer documents and authorises the company to proceed with its Completion Board Meeting and Signing Ceremony, marking a significant milestone in the IPO process.” The group said the approva…

Investment by nigerianewsfeed · 4 days ago · 0 comments · 7 views
Tinubu's offshore tax order to unlock $50bn, add 1mbpd - NUPRC 

…could accelerate investment decisions on major projects that have already received regulatory approvals. The statement read, “The Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026 recently signed by President Bola Tinubu has the potential not only to unlock $50bn in investments but can a…

Business by nigerianewsfeed · 20 days ago · 0 comments · 11 views
Dangote Refinery IPO gets $1bn underwriting backing from Marob, Lilium

…$400 million underwriting commitment remains subject to market conditions, corporate and regulatory approvals, execution of definitive documentation and compliance with applicable securities laws. The post Dangote Refinery IPO gets $1bn underwriting backing from Marob, Lilium appeared first on Vanguard News.

Business by nigerianewsfeed · 21 days ago · 0 comments · 14 views
Find out more as APC claims Abia owes retirees over N70bn in pension

…Federal Competition and Consumer Protection Commission (FCCPC) and remains subject to regulatory approvals.According to the FCCPC notification, the merger will be implemented through a Scheme of Merger under Section 711 of the Companies and Allied Matters Act (CAMA) 2020.

General News by nigerianewsfeed · 23 days ago · 0 comments · 14 views
Aviation funding row deepens as NCAA engineers oppose TSC review

…safety inspections and surveillance activities, delays in certification, licensing and regulatory approvals, reduced capacity for continuous training and requalification of aviation safety inspectors, inability to procure and maintain specialised oversight equipment, and weakening of safety oversight required under ICA…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 15 views
Find out more as SEC gives new update on Dangote refinery’s stock market listing

…offering by certain market participants who began publicising the share sale before regulatory approval had been obtained. Agama said sanctions are being applied to the entities found responsible, though he did not name them.Once listed, the refinery is expected to become one of the largest companies by market capitali…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
Dangote's $2.5bn fundraising sparks frenzy as landmark IPO nears

…$1.5 billion to $2 billion. The IPO could be launched as early as August, subject to regulatory approvals.Although Reuters did not disclose the identities of investors that participated in the private placement, the overwhelming demand signals strong market confidence in the refinery, widely recognised as the world's l…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 17 views
Int'l Breweries seeks capital overhaul to offset N191bn deficit

…Act, 2020. However, the capital shakeup is not yet a done deal. It remains subject to regulatory approvals, formal confirmation by the Federal High Court, and a crucial vote by the company’s shareholders at the forthcoming Annual General Meeting. In the statement signed by the Company Secretary and General Counsel, Tem…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 19 views
UNA: Heritage, ambition and next phase of growth

…relations officer for the airline, Chibuike Uloka, said: "This is more than just a regulatory approval; it is a gateway to the world for United Nigeria Airlines. Admission into the MITA network validates our operational standards and aligns us with global best practices in aviation. We are now ready to offer our passen…

Travel by nigerianewsfeed · 2 mons ago · 0 comments · 23 views
Nigeria's fintechs built payments. Now they're becoming banks.

…footprints across the states where they operate. Branch expansion itself requires regulatory approval, while pricing transparency, audited financial reporting, and regular regulatory disclosures are all mandatory. After receiving approval to operate as a national MFB in January, Kuda, a Nigerian neobank, said it planne…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 24 views
Absa Kenya CEO Abdi Mohamed steps down after 32-year career

…officer Yusuf Omari will take over as interim chief executive from July 1, subject to regulatory approval. The transition hands one of Kenya’s largest lenders to an interim chief executive at a time when banks across East Africa are navigating slowing credit growth, digital competition, and shifting regulatory demands.…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 22 views
NCC, CAC require approval for telecom share transfers above 10%

…Corporate Affairs Commission (CAC) have directed telecommunications companies to obtain regulatory approval before executing any transfer of shares amounting to 10 per cent or more of their total share capital. The directive, which takes immediate effect, is aimed at strengthening regulatory oversight, preserving compe…

Sports by nigerianewsfeed · 2 mons ago · 0 comments · 20 views
Rice farming: Kebbi govt moves to contain invasion of quelea birds

…for aerial spraying operations are underway and will commence once all necessary regulatory approvals are obtained. He noted that aerial intervention remains one of the most effective methods of controlling large-scale quelea infestations, particularly in areas with extensive rice cultivation. Kebbi State is one of Nig…

Agriculture by nigerianewsfeedofficial · 2 mons ago · 0 comments · 20 views
Kebbi govt takes measures as quelea bird invasion threatens rice farms

…pesticides had commenced, while preparations were underway for aerial spraying, pending regulatory approvals. Kebbi govt takes measures as quelea bird invasion threatens rice farms

Agriculture by nigerianewsfeedofficial · 2 mons ago · 0 comments · 17 views
Kenyan cross-border fintech WapiPay enters Canada with money services licence

…payment services in Canada through a newly established subsidiary, while also providing regulatory approval to handle virtual currency and digital asset transactions. The approval gives the Nairobi-founded company its first regulated operational hub in North America, extending a payments network that already includes A…

Investment by nigerianewsfeedofficial · 2 mons ago · 0 comments · 28 views
Fortis Global Insurance secures regulatory approval for share capital reconstruction

approval obtained at its Extraordinary General Meeting in April 2025 and subsequent regulatory approvals from relevant authorities. The company has scheduled a trading suspension period of up to two weeks, which started on June 17, 2026, to enable the completion of the reconstruction process. During this period, the co…

Business by nigerianewsfeedofficial · 2 mons ago · 0 comments · 30 views
Not satisfied? Try Google Search