NEWS
Why SEC Ordered Immediate Refunds Over Dangote Refinery IPO Promotions
The Securities and Exchange Commission (SEC) has explained why it directed capital market operators to immediately refund funds collected from investors in connection with a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE.
In a public notice issued on Tuesday, the Commission revealed that it had observed the circulation of advertisements, flyers, digital banners, and electronic messages across social media and investment platforms inviting members of the public to invest in the refinery through an alleged IPO.
ALSO READ: ‘Nigerian Marketers Import Dangote Fuel Via Lome Hub’
According to the SEC, the purported offer has not received regulatory approval, as the Commission has neither received nor approved any application from Dangote Petroleum Refinery & Petrochemicals FZE for a public offering.
The regulator expressed concern that some registered capital market operators were actively promoting the unapproved offer and soliciting subscriptions from prospective investors.
Explaining the reason for its directive, the SEC stated that the campaign was misleading and amounted to market manipulation capable of creating false expectations among investors and undermining confidence in Nigeria’s capital market.
The Commission noted that invitations encouraging members of the public to open accounts, pre-fund investments, or reserve guaranteed share allocations for the alleged IPO violate provisions of the Investments and Securities Act as well as existing market regulations.
As a result, the SEC ordered all registered operators, including stockbrokers and promoters of digital investment platforms, to immediately cease all advertising and promotional activities relating to the purported offer.
The Commission further directed operators to remove all related promotional materials from their websites, social media pages, and other communication channels within 24 hours.
In addition, firms were instructed to stop accepting deposits, investment commitments, account registrations, or expressions of interest linked to the alleged public offering.
To protect investors from potential losses, the SEC ordered any operator that had already collected funds in connection with the purported IPO to refund such monies within 24 hours.
The regulator warned that any operator that fails to comply with the directive risks facing sanctions under the Investments and Securities Act 2025 and the SEC Rules and Regulations.
The Commission also advised Nigerians to rely only on information released through approved regulatory channels and to ignore unofficial promotional campaigns or investment solicitations concerning the refinery.
SEC added that if Dangote Petroleum Refinery & Petrochemicals FZE eventually decides to proceed with a public offering and secures regulatory approval, an authorised prospectus will be published in line with the law.
The directive comes amid reports that the Dangote Group is considering listing a 10 per cent stake in its $20 billion refinery through a Pan-African IPO expected in 2026.
NEWS
Tinubu Gov’t Unveils North Central Development Projects Across Eight Sectors
The Presidency has highlighted major development projects across Nigeria’s North Central region under President Bola Tinubu’s Renewed Hope Agenda, covering eight key sectors, including road infrastructure, power, agriculture, education, aviation and security.
Sunday Dare, Special Adviser to the President on Media and Public Communication and Presidential Spokesperson, disclosed this on Sunday, November 15, 2026, in a post on his X account.
According to Dare, the projects are designed to improve regional connectivity, expand economic opportunities, strengthen food security and promote development across communities in the region.
ALSO READ: ‘Tinubu Built Northern Alliances Long Before Presidency’ – Sunday Dare
He highlighted interventions spanning major road construction, renewable energy, agricultural support, educational development, security infrastructure and empowerment programmes.
In the road infrastructure sector, the listed projects include the Mararaban Jama’a–Pankshin–Langtang–Shendam–River Ibi corridor dual carriageway, Phase II rehabilitation of the Babban-Lamba–Sharan Road and construction of the Akwanga–Jos–Bauchi–Gombe–Biu–Maiduguri Superhighway.
Others include the construction of the 600-metre Akwanga Underpass, completion of the Lafia Bypass, reconstruction of the Bali–Serti–Gembu Road and construction of the Gembu–Mbamnga–Yang Road, which commenced in early 2025. Improvement works are also listed along the Jalingo–Wukari corridor.
In the aviation sector, the government highlighted approval for the construction of an airstrip on the Mambilla Plateau.
The power and renewable energy initiatives include a 40-megawatt hydropower plant at the Kashimbila Multipurpose Dam, expected to supply electricity to the national grid, as well as irrigation channels to support year-round farming.
Other interventions include the deployment of solar-powered mini-grids, installation of solar streetlights and provision of solar home systems to households.
On agriculture and food security, the Renewed Hope Agricultural Support Programme is expected to provide farmers with improved seedlings, fertiliser and agricultural training.
The list also includes support for hybrid potato farming, expansion of irrigated farmland through dam infrastructure and development of agricultural processing centres.
For women and youth empowerment, the initiatives include agricultural support for women and young farmers through the First Lady’s Renewed Hope Initiative.
Vocational skills development and certification for women, start-up grants for small businesses, market women empowerment through business training and start-up tools, as well as rural grants and skills development programmes, are also highlighted.
In education, the Federal Polytechnic Nasarawa is listed for transformation into the Federal University of Mining, Engineering and Technology, alongside expanded scholarship opportunities and improved access to higher education.
On security, the government outlined plans for the establishment of a new Army Division in Jalingo, Taraba State, alongside strengthened security deployment to protect farming communities and improve safety.
The eighth area focuses on regional development, with the North Central Development Commission identified as a long-term regional development initiative. Additional federal road projects are also expected to improve connectivity and support economic activities.
Dare’s disclosure highlights the administration’s focus on infrastructure expansion, agricultural productivity, energy access and human capital development as part of its Renewed Hope Agenda.
NEWS
Shettima, Wife Depart Abuja for Jos as Tinubu–Shettima Campaign Takes Rally to Plateau
Vice President Kashim Shettima has departed Abuja for Jos, Plateau State, alongside his wife, Hajiya Nana Shettima, ahead of the All Progressives Congress (APC) presidential campaign rally in the state.
The visit is part of the Tinubu–Shettima campaign’s engagements as the ruling party seeks to secure support for President Bola Ahmed Tinubu and Vice President Shettima ahead of the 2027 general elections.
The campaign’s visit to Plateau is expected to highlight the Federal Government’s infrastructure and economic development projects in the state, particularly those aimed at improving road connectivity, boosting commerce and supporting agricultural activities.
SEE ALSO: Tinubu, Shettima Head to Jos for APC Presidential Campaign Rally
Among the projects highlighted by the administration is the ongoing 125-kilometre Akwanga–Jos highway, which forms part of the Akwanga–Bauchi–Gombe–Maiduguri Superhighway.
Other projects include the rehabilitation of the Sharram–Garram–Babban Lamba Road in Kanke and the approved Mararaban Jama’a–Kanke–Langtang–Shendam–Ibi Road, which is expected to improve connectivity between Plateau and Taraba states.
The administration says the projects are part of its broader development agenda to connect communities, facilitate access to markets and provide farmers and businesses with improved infrastructure.
The APC campaign is expected to use the rally to present the administration’s achievements and future plans while seeking the confidence of Plateau residents to continue its development agenda beyond 2027.
NEWS
Ogun Police Disburse ₦10.6m to Families of Fallen Officers Under IGP Welfare Scheme
The Ogun State Police Command has presented cheques totalling ₦10.65 million to families and next-of-kin of deceased police officers who served under the command, as part of efforts to support dependants of personnel who died in active service.
The cheques, amounting to ₦10,658,391.36, were presented on Saturday, November 14, 2026, by the Commissioner of Police, CP Bode Ojajuni, on behalf of the Inspector-General of Police, IGP Olatunji Rilwan Disu.
The statement was signed by the Police Public Relations Officer of the Ogun State Command, DSP Oluseyi B. Babaseyi, anipr, and dated November 14, 2026.
ALSO READ: How Ogun Driver Allegedly Stole Boss’s ₦45m Lexus and Plotted to Sell It for ₦10m in Cotonou
The presentation took place at the Command Headquarters in Eleweran, Abeokuta, under the Nigeria Police Force Group Life Assurance and the IGP Family Welfare Schemes.
The initiatives are designed to provide financial assistance to families of police officers who lost their lives while serving the country.
Accompanied by members of the Command Management Team, Ojajuni personally handed over the cheques to the beneficiaries.
Addressing the recipients, the police commissioner reaffirmed the Inspector-General’s commitment to the welfare of police personnel and their families.
He described the widows and families of the deceased officers as the “true superheroes”, acknowledging their resilience in coping with the loss of their loved ones who died in service to the nation.
Ojajuni noted that the financial intervention was a demonstration of the Force’s appreciation and institutional responsibility to support the families of fallen officers.
He said the initiative represented the Nigeria Police Force’s enduring commitment to standing by the dependants of personnel who paid the ultimate price in active service.
Responding on behalf of the beneficiaries, Mrs Ejembi Ada Veronica thanked the Inspector-General of Police and the Ogun State Police Command for remembering their families and providing financial assistance.
She assured the authorities that the money would be channelled towards the education, upkeep and general welfare of the children and dependants left behind by the deceased officers.
According to her, the intervention would provide timely relief and help improve the stability of the affected families.
The Ogun State Police Command reiterated its commitment to supporting the families of fallen officers, assuring them of its continued solidarity.





