Aliko Dangote, President of the Dangote Group, has announced that the expansion of the Dangote Petroleum Refinery to a capacity of 1.4 million barrels per day will generate employment for about 95,000 skilled workers at peak construction.
Lagos-Abidjan Road to Spur West African Trade
The Federal Government has reaffirmed its strong commitment to the actualisation of the 1028km Lagos–Abidjan Corridor, a major regional highway expected to transform trade and connectivity across West Africa.
The Minister of Works, Senator David Umahi, gave the assurance...
RMAFC Begins Nationwide Data Verification to Review Revenue Sharing Formula
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced a nationwide data verification exercise aimed at strengthening Nigeria’s revenue allocation framework and ensuring a fairer distribution of resources among states and local governments.
The Commission...
Oil Surges to $105 Amid Fresh Middle East Tensions
Oil prices rose from around $100 per barrel on Wednesday to over $105 as of Thursday following the failure of Iran and the United States to agree on a ceasefire deal to reopen the Strait of...
FG Raises N2.69trn from Bond Market in Three Months
The Federal Government borrowed N2.69tn from the domestic bond market in the first quarter of 2026, as strong investor demand continued to drive subscriptions above offer levels despite tighter allotments, an analysis of Debt Management Office...
Dangote Plans Major East African Refinery
Aliko Dangote, chairman of Dangote Group, has vowed to replicate his 650,000 barrels per day (bpd) Nigerian refinery in East Africa with support from governments in the region.
Dangote spoke on Thursday at the 2026 Africa We Build Summit —...
