As Dangote Refinery gears up for historic NGX listing , Standard Bank Group, and Vetiva. named for its Advisory services

Indications surfaced yesterday that Stanbic IBTC Capital, a prominent investment bank in Nigeria and a member of the Standard Bank Group, along with First Capital and Vetiva Capital Management, will act as advisory firms for the Dangote Refinery as it gets ready for its historic listing on the main board of the Nigerian Exchange Limited (NGX). 

The refinery's eagerly anticipated NGX listing is anticipated to change the depth and valuation dynamics of the NGX while positioning it to attract substantial interest from both domestic and global investors. 

Alhaji Aliko Dangote, the president of the Dangote Group, revealed last week that Dangote Refinery's shares would be floated on the NGX in the upcoming four to five months.

This was disclosed by Dangote when Bayo Ojulari, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC), and other senior officials of the state-owned oil company toured the refinery. This year, Dangote announced a historic proposal to float a 10% share in his $20 billion refinery on the NGX. 

He added that in order to provide a hedge against the ongoing difficulties caused by currency volatility, the company is currently in talks with market regulators to enable future dividend payouts in US dollars. In order to finalize the structure for the proposed initial public offering (IPO), Dangote emphasized that his team was working closely with the Securities and Exchange Commission (SEC) and the NGX. 

Remarking on advisory firms' names

The Chief Operating Officer of Investdata Consulting Ltd. commented on the names of advisory firms included on NGX in the Dangote Refinery listing. 

According to Mr. Ambrose Omordion, the three companies have been instrumental in the Exchange's significant listing over the years. He went on to say that these companies may serve as advisors to help make the NGX listing a reality.

Shakira and her sons tour california in her world tour known as Las Mujeras

In June of last year, the world-renowned figure began her Las Mujeres Ya No Lloran World Tour in Rio de Janeiro, Brazil.

She played for large audiences around California during this performance. After kicking off the California leg of her sold-out tour at Snapdragon Stadium, the singer reportedly took a break at the renowned Hotel del Coronado, according to a resurrected claim from Us Weekly. 

"Shakira recently spent a delightful few days at the renowned Del Coronado Hotel following the thrilling kickoff of the California leg of her sold-out tour at Snapdragon Stadium," an insider revealed.

 "Shakira is turning her tour into a family affair," the insider said, adding that the  hitmaker was accompanied by her sons, Milan and Sasha, whom she shares with her former husband Gerard Piqué.

The insider continued, "She lived it up at the Del Coronado Hotel with her boys, Milan and Sasha. The three apparently enjoyed informal dinners and spent time lounging by the pool while they were there. "They ordered burgers and fries and were really respectful while hanging out by the beautiful pool."

 The singer's parenting approach was also commended by the insider. They went on to say, "Shakira was very sweet and you can tell she's a great mom." 

"She is very hands-on and loving." In addition to being ecstatic to see the celebrity in person, fans were astonished by her demeanor.

 "Shakira was incredibly gregarious, chatting with guests and even posing for a few fan selfies." She was charming and polite.