David Bier

Money Moves

Overseeing the IPO process

Nigeria's Securities and Exchange Commission approved the initial public offering of the Dangote Petroleum Refinery on Friday, clearing the way for what is expected to be Africa's largest share sale. The company will offer 4.1 billion shares at 525 naira each, about 2.15 trillion naira ($1.6 billion) if fully subscribed.

Updated 2 hours ago

Rule Changes

Leading policy critic and researcher

The 75-country immigrant visa freeze took effect January 21, 2026, as planned. Two weeks later, a coalition of civil rights groups sued in federal court, arguing the ban violates immigration law and the Constitution. The case, CLINIC v. Rubio, is pending on cross-motions for partial summary judgment with no injunction issued as of May 2026.

Updated May 23