All articles tagged with #nigeria
Security forces in Minna, Niger State, fired on protesters demanding accountability for the deaths of 37 miners detained by the NSCDC, with some demonstrators attacking government facilities; a 24-hour curfew was imposed and authorities promised a full investigation amid reports that overcrowding or poor ventilation may have contributed to the deaths.
A survivor said detainees were jammed into a cell with no ventilation, leading to suffocation as 37 suspected illegal gold miners died in Minna after NSCDC raids. Officials initially blamed disease, but an intelligence report pointed to overcrowding and poor ventilation. Protests followed, with police firing teargas and reports of violence; Niger state’s interior minister suspended the NSCDC commandant and ordered an investigation. The episode highlights violence tied to illegal mining and gold smuggling in the region.
Protests erupted in Minna, Niger State, Nigeria after 33 detainees died in the custody of the Nigeria Security and Civil Defence Corps during raids on suspected illegal gold mines. Authorities said the cause of death would be determined by medical examinations, and Interior Minister Olubunmi Tunji-Ojo ordered an investigation and suspended the Niger State NSCDC commandant as security forces were deployed to the area.
In Nigeria, authorities say at least 37 people detained over illegal mining have died in security custody, with investigations underway and rights groups urging accountability and transparency surrounding the deaths.
Nigerian police are probing the deaths of 37 people in custody after arrests for illegal mining; officials link the fatalities to a disease outbreak, but a survivor contends overcrowding and poor ventilation caused suffocation, with bodies sent for autopsy as protests erupt and the governor declares mourning.
Nigerians flocked to Africa’s biggest share sale, snapping up billions of Dangote refinery shares and turning the IPO into a social‑media phenomenon around “Yangote.” Trading apps crashed from demand as the offering aims to fund the refinery’s growth and boost domestic fuel supply, while experts caution that shares can rise or fall and that investing carries risk.
Aliko Dangote priced Africa's biggest IPO at about $47 billion for 4.1 billion shares of his Nigerian refinery, with the offer running through Oct. 13 and potentially raising $1.6–$2.1 billion depending on greenshoe exercis e. The deal values the refinery at roughly $47 billion and will fund a $14.3 billion expansion to 1.4 million barrels per day by 2029. The Lagos-area plant has supplied most domestic gasoline since 2024, and ADNOC has shown interest in investing. Dangote is also pursuing a separate $17 billion refinery project on Kenya's Lamu Island. The IPO, pitched to Nigerian retail investors, follows a 3.7x oversubscribed July private placement and comes amid strong H1 2026 profits and higher jet-fuel demand from Iran-related disruptions.
Nigerian billionaire Aliko Dangote has launched Africa’s largest-ever IPO, offering about 3% of his Lagos refinery to the public to raise up to $2.1bn. The share sale runs for a month with a minimum of 10 shares (about $4) and lets ordinary Nigerians own a stake in a plant that began operations in 2024 and now supplies over 70% of Nigeria’s energy. Experts warn of price risks and scammers, advising cautious, long-term investment and dealing only with listed institutions.
Dangote Petroleum Refinery’s IPO opens on Sept 14 to raise about 2.15 trillion naira by selling 4.1 billion shares at 525 naira, as Africa’s largest industrial project goes public. Dangote credits the Ooni of Ife, Oba Ogunwusi, for removing 19 shrines blocking construction, a move he says unlocked the refinery’s completion. The listing advances Dangote Group’s goal of $100 billion in revenue by 2030 and could boost his fortune, with the possibility of USD-denominated dividends and a plan to double capacity to 1.4 million barrels per day by 2029.
Dangote says the Dangote Refinery and Petrochemicals IPO could push its share price from N525 to as high as N10,000, a move that would imply a near-$1 trillion market value if exchange rates and future share issuances align. The IPO aims to raise about $1.58 billion to fund a $14.3 billion expansion to 1.4 million barrels per day by 2029, with risks from debt and dilution, though the company already reported strong H1 2026 revenue of about $13.9 billion and a profit of $1.82 billion as it scales its operations across Africa, the US and Europe.
Six Nigerians accused of orchestrating romance scams are set to be extradited to the United States to face fraud charges, marking a cross-border effort to crack down on cyber-enabled scams.
At least 37 people died after inhaling toxic fumes from petrol siphoned from a pipeline at Okari Jetty, Okrika, Rivers State, Nigeria; over 100 people were involved, with some collapsing or being taken to hospital, as authorities investigate amid decades of oil theft in the Niger Delta.
Toxic fumes from illegal oil siphoning operations in Nigeria's Niger Delta have killed at least 37 people, underscoring the dangers of illicit refining and theft in the region while authorities investigate and consider crackdown measures.
In Ile‑Ifé, Nigeria, Dr. Olusegun Alatise and Dr. Peter Kingham helped found the African Research Group for Oncology (ARGO) to expand colorectal cancer screening and training. Free colonoscopy pilots and provider education led to the detection of several early cancers and precancerous polyps, highlighting how delayed diagnosis drives poor survival in Nigeria and showing how screening can change outcomes. The effort, backed by NIH grants and partnerships with Memorial Sloan Kettering and the University of Alberta, also trials immunotherapy (tislelizumab) for Nigerian patients, aiming to scale Africa‑based cancer care and potentially inform global practices.
Uber is shutting its ride-hailing service in Nigeria and Uganda with immediate effect, leaving Egypt, Ghana, Kenya and South Africa as Africa’s Uber markets. The move accompanies a company-wide restructuring including a 10% global job cut announced by CEO Dara Khosrowshahi, and follows prior exits from Ivory Coast and Tanzania. Nigerians and Ugandans will face fewer app-based taxi options, with rivals like Bolt or SafeBoda likely to fill the gap; Uber will support affected workers, with its help centre open until Sept 23.