KPC share price jumps 8% after Dangote buy

Author: Kepha MuiruriPublished on: October 22, 2026Country: Kenya

Business & Economy

KPC share price jumps 8% after Dangote buy

Shares in Kenya Pipeline Company Plc (KPC) rose 7.9% on Thursday, reaching Sh9.78 from the previous close of Sh9.06. The jump followed the disclosure that Aliko Dangote had acquired a 24.7% stake in the company. The Nigerian billionaire is expected to make further investments, and his entry was seen as a vote of confidence in the mid-stream oil company, boosting investor interest.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Dele Momodu accuses APC of using statistics to mislead Nigerians

PoliticsBusiness & EconomyNigeria

Adegboyega Adeleye•6h ago

Dele Momodu accuses APC of using statistics to mislead Nigerians

Dele Momodu, media and communications deputy director-general for the African Democratic Congress (ADC) presidential campaign and a supporter of Atiku Abubakar, accused Bola Tinubu’s government of using economic statistics to mislead Nigerians. Speaking on Channels Television, he said the APC attacks the World Bank and The Economist when their assessments criticize Nigeria’s economic direction or borrowing. Momodu urged the Independent National Electoral Commission (INEC) to publish the voters’ register, contrasting the APC’s claimed 12 million members with 103 million registered voters. He said politically unaffiliated voters—the “floaters party”—could influence the 2027 presidential election.

US $5 bills increasingly refused in commercial transactions in Bunia

Business & EconomyDemocratic Republic of the Congo

radiookapi.net•6h ago

US $5 bills increasingly refused in commercial transactions in Bunia

In Bunia, Ituri, merchants and currency exchangers are increasingly refusing US $5 bills, leaving residents who hold them in a difficult position. Merchants say they cannot accept the bills when exchangers later refuse to take them, while exchangers blame the refusal on “super-agents.” A local bank employee says banks still accept the bills and that no official restriction is known. Merchants and consumers are calling on monetary authorities to clarify the rules.

US Lobbying Firm Files FOIA Request to Reveal Tinubu’s $700 Billion Mining Deal

PoliticsBusiness & EconomyNigeria

dailypost.ng•6h ago

US Lobbying Firm Files FOIA Request to Reveal Tinubu’s $700 Billion Mining Deal

US political advisory and lobbying firm Von Batten-Montague-York says it filed a FOIA request with the US State Department on Thursday for the $700 billion mining memorandum of understanding signed by Nigeria and the United States, along with records of its negotiations. The firm says it acted because President Bola Tinubu has not disclosed the deal’s details and Nigerians are demanding transparency about their natural resources. It supports US access to critical minerals but says protections for affected communities are needed, and it plans to publish the documents if it receives them. Nigeria’s Presidency had not responded to the filing at the time of publication.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox