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Dangote reveals date Nigerians can own shares in his $20bn refinery

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Chairman of the Dangote Group, Aliko Dangote, has announced that Nigerians will have the opportunity to purchase shares in the $20 billion Dangote Refinery within the next four to five months, which is between June and July, 2026.

Dangote made this known when the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) and top officials paid a visit to the refinery complex in Lekki, Lagos.

Addressing NNPCL delegates, Dangote reiterated that the refinery would soon be listed on the Nigerian Stock Market, allowing individual Nigerians to participate in the ownership of the multi-billion-dollar facility.

But individually, Nigerians too will have an opportunity in the next maximum four or five months— they will actually be able to buy their shares,” he said.

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Dangote also reiterated that Nigerian shareholders would have the flexibility to receive dividends either in naira or in US dollars, noting that the refinery generates foreign exchange earnings.

People will have a choice either to get their dividends in naira or to get their dividends in dollars because we earn in dollars,” he added.

DAILY POST reports that NNPCL holds a 7.25 percent equity stake in the Dangote refinery on behalf of the Nigerian government.

Recall that Dangote Refinery had earlier announced plans are on the way to be listed in NGX.

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The visit comes on the heels of an executive order by President Bola Ahmed Tinubu directing the direct remittance of oil revenues into the Federal Government account, a move that reportedly affected several income streams previously retained by NNPCL.

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President Trump Tells US Officials To Cut Off All Trade Ties With Spain Over NATO

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U.S. President Donald Trump on Wednesday ordered an immediate halt to all trade with NATO ally Spain, over what he called a lack of contributions to defense spending.

“Spain is a wasted cause. We don’t want to do any trade business with Spain anymore by the way,” Trump said, sitting alongside NATO Secretary-General Mark Rutte at the group’s summit in Ankara, Turkey.

“Spain is a terrible partner in NATO. They don’t participate. They don’t pay,” the president continued. “I don’t want anything to do with Spain. Cut off all trade with Spain, please, including visits,” he said.

“Watch them come running back. Oh they’ll come running back,” he added.

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Trump also accused Madrid of treating Rutte “terribly,” telling the NATO chief he “shouldn’t carry” Spain.

“I mean, you sort automatically carry [Spain] because you’re protecting an area,” the president said. “So they probably figured ‘they have to protect us, right?’”

According to Reuters, Spanish Prime Minister Pedro Sánchez’s office said it was treating Trump’s comments as “business as usual” and that it did not intend to change what it called Spain’s “excellent” trade relations with the U.S.

Trump has repeatedly hammered NATO member countries over their defense spending, pressing each member to meet a spending goal of 5 percent of its total gross domestic product (GDP). The alliance has agreed to meet a 3.5 percent mark by 2035.

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Only five out of NATO’s 32 total member countries are projected to hit that goal by this year.

Trump has also been critical of NATO member countries, particularly Spain, over their response to the U.S. war in Iran, arguing they have not done enough to assist the U.S. in its efforts.

“Has anybody looked at how badly the country of Spain is doing,” Trump said in a Truth Social post in April. “Their financial numbers, despite contributing almost nothing to NATO and their military defense, are absolutely horrendous. Sad to watch!!!”

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Reps Pass Bill to Regulate Nutrition Practice In Nigeria for Second Reading

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…move seek to curb quackery, establish professional council and strengthen fight against malnutrition

By Gloria Ikibah

The House of Representatives has commenced consideration of a bill seeking to regulate the practice of nutrition in Nigeria through the establishment of the Nutritionists Registration Council of Nigeria, in a move aimed at tackling quackery and strengthening the country’s response to malnutrition and food insecurity.

Leading debate on the bill on Thursday at plenary, sponsor, Rep. Chike Okafor, who is the Chairman House Committee on Nutrition and Food Security, said the proposed legislation had become imperative in view of worsening nutrition indicators and the absence of a legal framework governing the profession.

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Describing the measure as overdue, Okafor said the bill was “a necessary legislative response to a ticking time bomb of malnutrition and food insecurity” confronting the country.

According to him, the proposed council will regulate, control and standardise the practice of nutrition while protecting Nigerians from unqualified practitioners.

He noted that the title “Nutritionist” currently enjoys no legal protection in Nigeria, creating room for impostors and weakening professional standards.

“The Bill is the necessary legislative response to close that gap, protecting the public from unqualified practitioners. By regulating the nutrition profession, we ensure the public can distinguish between a clinically trained dietitian for disease management and a nutritionist focused on general nutrition value chains and the wellness of Nigerians,” Okafor said.

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The lawmaker dismissed suggestions that the proposed legislation will conflict with the Dietitians Council Bill, explaining that both professions perform different but complementary roles within the healthcare system.

According to him, dietitians provide clinical nutrition services for patients suffering from diet-related illnesses such as diabetes and kidney disease, while nutritionists focus on community and public health nutrition, maternal and child nutrition, policy development, research and programme implementation.

Rep. Okafor expressed concern over the country’s rising burden of malnutrition, citing findings from the 2023/2024 National Demographic Health Survey, which he said revealed increasing levels of child malnutrition, stunting and maternal anaemia.

He observed that despite billions of naira invested in nutrition interventions, including the 232-million-dollar Accelerating Nutrition Results in Nigeria (ANRiN) programme, the expected improvements have yet to materialise.

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According to him, “there is an obvious disconnect between accountability, resource allocation and successful policy implementation,” a situation he attributed to the lack of a regulatory framework for the nutrition profession.

He explained that the proposed legislation will establish a public register for nutritionists and nutrition assistants, prescribe minimum educational and professional standards, provide for registration and licensing, and create disciplinary procedures for investigating and sanctioning professional misconduct.

Okafor added that the proposed council will work closely with federal and state health authorities, the National Universities Commission and international development partners to promote nutrition education and sustainable food systems across the country.

He also assured lawmakers that the council will be financially self-sustaining, operating in the same manner as other professional regulatory bodies.

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The lawmaker argued that proper regulation will ensure qualified nutritionists are deployed across hospitals, primary healthcare centres, schools and correctional facilities, while promoting evidence-based nutrition practice nationwide.

Describing the proposal as crucial to improving public health, Okafor urged members of the House to support the bill.

“This Bill is a necessary instrument to professionalise the nutrition workforce, protect public health and ensure accountability and value for the massive investments in nutrition. It is about safeguarding our future by ensuring our people have access to the best possible advice on what to eat for optimum health,” he said.

If passed into law, the bill will establish the Nutritionists Registration Council of Nigeria to regulate the registration, licensing, professional development and practice of nutritionists across the country.

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Iran slams US strikes on civilian infrastructure says it’s ‘gross war crime’

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Iran’s foreign ministry slammed US strikes against the country on Thursday, which it said targeted civilian infrastructure including railway bridges, as a “gross war crime”.

The ministry in a statement said it “condemns in the strongest terms the aggressive attacks by the US terrorist army on several points in the southern coastal provinces and two bridges in the eastern provinces on the railway route to the holy city of Mashhad” and called the US administration “evil and psychopathic”.

AFP

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