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Reno Omokri Hails Dangote as Wealth Hits $51.3bn After Refinery IPO Launch

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Former presidential aide and social commentator, Reno Omokri, has congratulated Dangote Group President, Aliko Dangote, following the launch of the Dangote Refinery Initial Public Offering (IPO) and a reported rise in the billionaire’s wealth to $51.3 billion.

Omokri disclosed this in a statement on Wednesday, describing the development as a major achievement for Dangote and Nigeria’s industrial sector.

The Dangote Refinery IPO opened on September 14, offering 4.1 billion ordinary shares at ₦525 per share. The offer, which could raise about ₦2.15 trillion if fully subscribed, is scheduled to close on October 13, 2026.

SEE ALSO: Peter Obi Backs Dangote Refinery IPO, Urges Nigerians to Invest

According to Omokri, Dangote’s wealth had risen to $51.3 billion, placing him 36th on Forbes’ Real-Time Billionaires ranking.

“Hearty congratulations to Alhaji Aliko Dangote, President of the Dangote Group, on the success of the Dangote Refinery, whose triumph at the Nigerian Stock Exchange has catapulted Mr Dangote to a new all-time wealth record of $51.3 billion, making him the 36th wealthiest person on the planet, according to Forbes’ real-time Billionaires ranking.”

Omokri said the IPO had also created an opportunity for investors to participate in the ownership of the refinery.

“And Mr Dangote’s wealth is not just personal. With this Initial Public Offering, he has expanded his fortune by making it a national one, with money from his productive activities now going into the pockets of potentially millions of Nigerian and international investors.”

The Dangote Refinery has promoted the IPO as an opportunity to broaden ownership, with investors able to subscribe for a minimum of 10 shares, worth ₦5,250.

Omokri also credited President Bola Ahmed Tinubu’s administration for what he described as an economic environment supportive of Corporate Nigeria and local production.

“The thing to note here is that when you have a President like His Excellency, Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, who believes in Corporate Nigeria, and captains of industry, such as Alhaji Dangote, who produce made-in-Nigeria goods and services, while utilising Nigerian labour and creativity, along with patriotic citizens, who by their consumption habits prioritise made-in-Nigeria, the sky is the limit.”

He further claimed that the development had created a surge in wealth that increased Nigeria’s GDP by three per cent within 48 hours, linking it to President Tinubu’s target of achieving a $1 trillion Nigerian economy by 2031.

“Within 48 hours, Mr Dangote has created a surge of wealth that has increased Nigeria’s GDP by 3%, thereby advancing President Tinubu’s agenda of a $1 trillion Nigerian economy by 2031.”

The three-per-cent GDP claim was made by Omokri in his statement and is presented here as his assertion.

He concluded by thanking Tinubu and Dangote for the development.

“A grateful nation says thank you to President Bola Ahmed Tinubu, without whose economic policies this IPO would never have happened, and Mr Dangote, whose passion has made this vision a mission accomplished.”

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NCDMB, Zeconia Global Train 50 on Digital Oilfield Operations

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Zeconia Global Investment CO. Ltd, has successfully completed the Training on Digital Oilfield Operation & Data Analytics for 50 participants in Lagos State.

The 5-day intensive capacity-building program, which was held from September 28 to October 2, 2026 in Lagos, came to a successful close with participants equipped with cutting-edge digital skills for the oil and gas industry.

The training was designed to bridge the digital gap in the sector, exposing beneficiaries to practical knowledge on digital oilfield architecture, production optimization, real-time data monitoring, IoT applications, predictive analytics, and data-driven decision making in upstream operations.

READ ALSO: 40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round

At the closing ceremony, the Managing Director of Zeconia Global Investment Co. Ltd, Olawore Oladipupo, conducted the official handover to participants, applauding their commitment, active participation and eagerness to learn throughout the duration of the training.

He charged them to leverage the knowledge gained to add value to the industry and position themselves for emerging opportunities in the digital energy space.

Participants expressed profound appreciation to NCDMB and Zeconia Global for the life-changing opportunity, describing the training as impactful, practical and timely for the evolving global oil and gas landscape.

The programme once again demonstrates NCDMB’s unwavering commitment to human capital development, local content growth and strategic partnerships aimed at empowering Nigerians with relevant skills for the future of work.

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40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round

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As the Nigerian government intensifies efforts to lure fresh investment into the upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has unveiled 40 oil blocks for the 2026 licensing round.

The blocks, located across land, shallow water and deepwater terrains, will be open to investors with the technical competence, financial capacity and commitment to develop Nigeria’s petroleum resources.

The NUPRC Chief Executive, Oritsemeyiwa Eyesan, announced the licensing round during her closing remarks at the commission’s fifth anniversary celebration in Abuja on Tuesday.

READ ALSO: Middle East Push, G7’s Strategic Reserve Release Arrest Oil Prices

She disclosed that the exercise has the blessings of both President Bola Tinubu and the Minister of Petroleum Resources.

“Ladies and gentlemen, the wait is over. It is with great joy that I announce that pursuant to the approval of His Excellency, President Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and Honourable Minister of Petroleum Resources, the Nigerian 2026 Licensing Round is hereby announced,” Eyesan said.

She said the round would offer 40 blocks across land, shallow water and deepwater terrains to investors with the requisite technical and financial capacity.

Eyesan said the 2026 bid round would introduce enhanced transparency measures, including mandatory disclosure of the beneficial owners of every bidder.

She added that the commission would provide greater disclosure of the evaluation methodology and results, stressing that transparency and predictability were essential to attracting upstream investment.

According to her, competition for upstream capital had become increasingly intense as investors now had multiple jurisdictions from which to choose.

“We will not rest on our oars. Competition for upstream capital is fierce, and it grows fiercer by the day. Investors have choices. They go where the rules are clear, where the process is predictable and where data can be trusted,” she said.

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Atiku Mourns 25 Killed in NAF Aircraft Crash in Ondo

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Former Vice President and African Democratic Congress (ADC) presidential candidate for the 2027 election, Atiku Abubakar, has expressed deep sadness over the Nigerian Air Force aircraft crash in Ondo State that claimed 25 lives.

Atiku disclosed this in a statement posted on X on Tuesday, describing the tragedy as heartbreaking and extending his condolences to the families of the victims and the Nigerian Armed Forces.

The Nigerian Air Force ATR-42 aircraft, with registration number NGR 931, crashed in the Inbound area of Ilaje Local Government Area of Ondo State on Monday while on a routine mission from Benin to Lagos.

ALSO READ: Moment Military Aircraft Crashes During Airshow Near Athens (Video)

The aircraft disappeared from radar after air traffic controllers lost contact with it at about 9:13 a.m.

Its wreckage was later located near the Naval Base in Igbokoda, where search-and-rescue operations were launched.

The Nigerian Air Force subsequently confirmed that 25 people were on board, comprising five crew members and 20 passengers, with no survivors.

Reacting to the tragedy, Atiku said the scale and circumstances of the crash were heartbreaking.

“Among those who lost their lives were airmen, soldiers and members of their families,” he said.

He added that the victims included people whose lives were dedicated to service, as well as families and individuals whose lives were cut short in the tragedy.

“My thoughts and prayers are with the families of all the deceased,” Atiku said.

He noted that no words could adequately comfort parents who had lost their children, children who had lost their parents, or families suddenly deprived of their loved ones.

Atiku also extended his heartfelt condolences to the Nigerian Air Force and the Armed Forces of Nigeria, as well as the governments and people of Nigeria and Ondo State.

He prayed that Almighty God would grant eternal rest to the souls of the departed, comfort their grieving families and give the Nigerian Air Force and the nation the strength to bear the painful loss.

 

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