Iran says it will reply to US response on Hormuz once review is over
Iran to react to US response on Hormuz DUBAI – Iran is still reviewing a US response to its proposal regarding the reopening of the Strait of Hormuz and will reply to Washington via intermediaries when the review is over, foreign ministry spokesperson Esmaeil Baghaei said on Monday. Baghaei also told a press conference that Iran continues to exchange messages via intermediaries, without elaborating. Qatar and Pakistan, among others, have acted as mediators in efforts to end the war that…
Xi visit to Washington all pomp but little progress so far
Xi visit to Washington with pomp At least so far, Chinese President Xi Jinping’s visit to Washington has been all pomp and little obvious progress on pressing issues. From the ceremonial welcoming at a military air base on Wednesday to the honour-guard arrival at the White House this morning, President Donald Trump rolled out the red carpet – literally and figuratively – for his Chinese counterpart. The public remarks from the two leaders have teemed with warm words and diplomatic…
Two pilots eject and parachute out of RAF plane before crash
Two pilots parachuted out before crash Two pilots ejected and parachuted out of their plane before the RAF training aircraft crashed and burst into flames, appearing to narrowly miss homes. North Wales Police said the pilots of the RAF T2 Hawk aircraft were being treated for minor injuries following the incident in the Pencarnisiog area of Anglesey. The force said helicopters from the Coastguard and the Wales Air Ambulance were sent to the scene close to RAF Valley on the…
Canada raises study permit, visitor visa processing times for Nigerians
Canada ups Nigerians visas processing timesvisas processing times to 10 weeks Nigerians applying to study or visit Canada are facing longer visas processing times, following the latest update by Immigration, Refugees and Citizenship Canada. The processing time for study permits submitted from Nigeria increased from nine weeks to 10 weeks as of September 16, according to the latest figures released by IRCC. The estimated processing time for visitor visas also increased from 84 days to 87 days. The figures, compiled…
In First Hour, Dangote Refinery’s $1.6B IPO Surges
Dangote is offering 4.1 billion shares at N525 each, targeting about $1.6 billion IPO More than $7 million (N10 billion) was committed by thousands of investors within the first hour of Dangote Petroleum Refinery’s initial public offering. This momentum signals strong early interest and aligns with expectations for the $1.6 billion IPO, which could become Africa’s largest-ever share sale. The Nigerian energy company opened the offer on Monday, September 14, seeking to raise about $1.6 billion (N2.15 trillion) through the…
Dangote Refinery IPO: 10 things Nigerian investors must know before buying
SEC’s approval clears the way for Dangote refinery IPO Issue The Securities and Exchange Commission, SEC’s approval clears the way for a potential ₦2.15 trillion Initial Public Offering, IPO, giving public investors an opportunity to own a stake in one of Africa’s largest industrial assets. The proposed IPO of Dangote Petroleum Refinery and Petrochemicals FZE is shaping up to be a landmark transaction for Nigeria’s capital market. The SEC approved the commencement of the offering, clearing the refinery’s draft offer…
Dangote refinery says the IPO to open within days
Dangote refinery IPO launches in days The initial public offering of Nigeria’s Dangote refinery, the largest on the continent, will open in the next 10 to 12 days, owner Aliko Dangote said on Thursday. “So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” Dangote told investors and analysts in Botswana,…
Russia warns UK it could be a target in response to Kyiv firing British missiles
Russia warns UK of imminent attack The warning, delivered by Russian Foreign Ministry spokesperson Maria Zakharova at a news briefing in Moscow, is the strongest direct one to date from Russia to Britain. Moscow has warned that it could strike British military targets inside and outside Ukraine if Kyiv continues to fire long-range UK-made cruise missiles into Russia. The warning, delivered by Russian Foreign Ministry spokeswoman Maria Zakharova at a news briefing in Moscow on Thursday, is the strongest direct…