Nigeria News (Standard)
Lagos-Based Zedcrest Securities Named Joint Stockbroker for Dangote Refinery IPO on Nigerian Exchange
Move expected to deepen capital market as Dangote Refinery prepares for public listing, attracting local and foreign investors
Move expected to deepen capital market as Dangote Refinery prepares for public listing, attracting local and foreign investors
Zedcrest Securities, a financial services firm headquartered in Lagos, has been appointed as a joint stockbroker for the proposed Initial Public Offering (IPO) of Dangote Refinery, one of the most anticipated transactions in Nigeria’s capital markets. The announcement was made on Friday, positioning Zedcrest among select operators to facilitate the refinery’s planned listing on the Nigerian Exchange (NGX).
The Dangote Refinery, located in Lagos State, is recognised as the world’s largest single-train facility and has drawn significant interest from both domestic and international investors. With ongoing plans to offer a portion of its shares to the public through the NGX, industry watchers say this IPO could mark a turning point for investor participation in Nigeria’s oil and gas sector.
Market analysts note that Zedcrest Securities’ appointment underscores its rising profile within Nigeria’s financial ecosystem. The development follows Zedcrest Group’s acquisition of RMB Nigeria Stockbrokers less than two years ago—an expansion that strengthened its capacity to handle large-scale transactions and institutional mandates. “This milestone highlights our commitment to supporting high-impact deals that will shape Nigeria’s capital market,” a senior executive at Zedcrest said in a statement issued after the announcement.
Industry stakeholders have welcomed the move, describing it as a signal of growing confidence in local intermediaries’ ability to manage major listings. Financial experts believe that Dangote Refinery’s entry into the stock market could attract billions of naira in new investments and increase liquidity across sectors. No official timeline has been given for the IPO, but expectations remain high amid ongoing reforms aimed at boosting transparency and investor protection on the NGX.
As preparations continue, attention is focused on regulatory approvals and final structuring of the share offering. The Nigerian capital market community will be watching closely as details unfold in what is set to be one of the largest public offerings in recent history.
Nigeria News (Standard)
Delta Police Confirm Death of Twin Infants Abandoned in Drainage by Parents
Authorities say tragic incident occurred in Warri South LGA; investigation ongoing, community expresses shock over loss
Authorities say tragic incident occurred in Warri South LGA; investigation ongoing, community expresses shock over loss
Police in Delta State have confirmed the death of twin infants who were discovered lifeless in a drainage channel after allegedly being dumped by their parents. The incident took place in Warri South Local Government Area on Sunday, 21 June 2026, according to the state police command.
The Delta State Police Public Relations Officer stated that the infants were found by residents who immediately alerted law enforcement. Preliminary findings suggest that the babies had been abandoned in the drainage, leading to their eventual death. The police have launched an investigation to uncover the circumstances surrounding the act and to identify those responsible.
This development has drawn concern from many residents and child rights advocates within Delta State, as similar incidents have been reported in parts of the South-South zone. Community members expressed sadness at the loss of innocent lives and called for increased vigilance and social support to prevent such occurrences.
While speaking on the matter, the Delta State Police Command assured that efforts are ongoing to bring any culprits to justice and urged members of the public to report suspicious behaviour around their neighbourhoods. As at press time, no arrests had been announced, but police said investigations are progressing.
Authorities emphasised that cases involving child abandonment or endangerment will be prosecuted under Nigerian law. The police also appealed to families facing hardship to seek help from appropriate government agencies rather than resorting to actions that could endanger lives.
Nigeria News (Standard)
APC Hails Oyebanji’s Re-Election, Says Victory Reflects Ekiti People’s Confidence
Party leadership describes result as endorsement of Governor Oyebanji’s performance; opposition parties yet to issue formal response
Party leadership describes result as endorsement of Governor Oyebanji’s performance; opposition parties yet to issue formal response
The All Progressives Congress (APC) has congratulated Governor Biodun Oyebanji on his re-election in Ekiti State, stating that the outcome of the poll demonstrates the confidence and trust the people have in his leadership. The party made this known in a statement released on Sunday, 21 June 2026.
According to APC officials, Oyebanji’s victory at the polls is a clear indication of the electorate’s satisfaction with his administration’s achievements over the past term. The party leadership commended voters across Ekiti for what it described as peaceful conduct and active participation during the governorship election.
The re-election comes at a time when political observers had raised concerns about voter apathy and heightened competition from opposition parties in the South-West state. However, APC argued that the result is an affirmation of its policies and the Governor’s performance in areas such as infrastructure, education, and social welfare programmes.
While congratulating Oyebanji and all APC supporters in Ekiti, party leaders urged him to continue prioritising good governance and inclusive development. The statement read: “Governor Oyebanji’s re-election shows that our people believe in his vision for Ekiti State.” As at Sunday evening, no official statement had been released by major opposition parties regarding the outcome of the election.
With Oyebanji set for another term, attention is now turning to how his administration will consolidate on existing projects and address key challenges facing residents. Political analysts expect heightened scrutiny on policy implementation as Ekiti remains a critical state in South-West politics.
Nigeria News (Standard)
Gunmen Kill Former OGTV Staff Kitan Oyesiku in Kobape, Ogun State
Police launch investigation as community mourns respected broadcaster; motive behind attack remains unclear
Police launch investigation as community mourns respected broadcaster; motive behind attack remains unclear
Unknown gunmen have killed Mrs Kitan Oyesiku, a former staff member of Ogun State Television (OGTV), at her residence in Kobape area of Abeokuta, Ogun State, in the early hours of Sunday. The assailants reportedly broke into her home and carried out the fatal attack, leaving family members and neighbours shocked by the incident.
The circumstances leading to Oyesiku’s death remain unclear as at press time, and security agencies have yet to establish the motive for the killing. The tragic event has thrown the local community into mourning, with colleagues and residents expressing disbelief over the loss of the well-known broadcaster popularly called ‘Aunty Kitan’.
Oyesiku was widely recognised within media circles in Ogun State due to her years of service at OGTV, a state-owned television station. Her death has highlighted ongoing concerns about security in residential areas across South-West Nigeria, where cases of violent attacks by unidentified gunmen have been reported intermittently.
Ogun State Police Command is expected to commence a full investigation into the incident. As at Monday, no official statement had been released by police authorities regarding possible suspects or arrests connected to the attack. Efforts to reach police spokespersons for comment were unsuccessful at the time of filing this report.
Residents and stakeholders in Kobape have called on security agencies to intensify patrols and bring those responsible for Oyesiku’s death to justice. Community leaders say they are working with law enforcement to ensure such incidents do not recur while urging anyone with useful information to come forward.
Source: https://guardian.ng/news/nigeria/metro/gunmen-kill-ex-ogtv-staff-kitan-oyesiku-in-ogun/
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