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Evening Recap: Tinubu Gives EFCC-Recovered Property to NDPC as Dangote Refinery IPO Overwhelms Investment Platforms

ABUJA: President Bola Tinubu, tDangote Refinery – Dangohe  IPO and China’s denial of alleged intelligence-sharing with Iran dominated Nigeria’s top news stories on Monday.

In one of the day’s major developments, President Tinubu approved the allocation of a property recovered by the Economic and Financial Crimes Commission to the Nigeria Data Protection Commission as its new headquarters.

At the same time, the launch of the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering caused a surge in traffic on two major Nigerian investment platforms, Bamboo and Cowrywise, as retail investors rushed to subscribe.

Other major stories included the Federal Government’s assurance of job security for workers at King’s College, Lagos, and the President’s directive for the release of approved funds to regional development commissions.

On the international front, China rejected reports that its entities provided Iran with satellite images of a military base hosting United States troops in Jordan before and after an Iranian strike that reportedly killed three American soldiers.

President Bola Tinubu has approved the transfer of an Economic and Financial Crimes Commission-recovered property to the Nigeria Data Protection Commission for use as its new headquarters.

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this during the commissioning of the facility in Abuja.

The launch of the Dangote Refinery Initial Public Offering triggered a rush among retail investors.

The high demand reportedly overwhelmed Bamboo and Cowrywise, two popular investment platforms used by Nigerian investors. Both platforms experienced unusually high traffic as individuals attempted to subscribe to the Dangote refinery I

The Minister of Education, Tunji Alausa, held talks with organised labour over concerns surrounding proposed changes to the administration of King’s College, Lagos.

Alausa assured workers that the Federal Government would address their concerns through dialogue and protect their interests during the proc

President Bola Tinubu has instructed the Secretary to the Government of the Federation, George Akume, to ensure the release of all approved funds meant for the regional development commissions.

The President issued the directive on Monday during the North Central Development Commission Summit.

China has dismissed reports that Chinese entities supplied Iran with satellite images of a military base in Jordan housing US troops.

The alleged intelligence was reportedly provided before and after an Iranian strike that killed three American soldiers. Beijing described the reports as ngroundless.

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