Africa’s richest man and founder of Dangote Group, Aliko Dangote, has joked about viral social media posts by new Nigerian shareholders demanding a “board meeting” and confirmed plans to list the group’s fertiliser business in 2028. Dangote made the remarks during an interview at the Qatar Economic Forum on Sunday while discussing the group’s ownership … Read more
Aliko Dangote, President of Dangote Industries Limited, has announced that the initial public offering (IPO) of the Dangote Refinery is expected to open within the next 10 to 12 days. Dangote disclosed this on Thursday while speaking to investors and analysts in Botswana, according to Reuters. The $20bn refinery, Africa’s largest, is expected to … Read more
Nigeria’s economy recorded a 4.43 per cent year-on-year growth in real terms in the second quarter of 2026, surpassing the 4.23 per cent growth posted in the same period of 2025, according to the National Bureau of Statistics. The figure also represents an improvement from the 3.89 per cent growth recorded in the first … Read more
The Presidency on Friday confirmed that President Bola Tinubu has approved a 15 per cent import tariff on petrol and diesel, describing the policy as a strategic step to stimulate local refining and strengthen Nigeria’s energy independence. According to a statement by the Special Adviser to the President on Media and Public Communications, Sunday Dare, … Read more
The House of Representatives on Tuesday resolved to intervene in the recent face-off between members of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery, which had disrupted petroleum product distribution nationwide. The resolution of the House followed the consideration and adoption of a motion of urgent public importance … Read more
President Bola Tinubu says there is no better time for investors to come and invest in Nigeria than now. He made this statement at the maiden Bauchi Investment Summit on Wednesday in Bauchi. The summit, with the theme “Revealing a Resilient Economy: Optimising Investment Partnerships,” is being organised by the Bauchi government to showcase the … Read more
The Nigeria Union of Petroleum and Natural Gas Workers on Monday slammed former Nigeria Labour Congress President and Senator representing Edo North, Adams Oshiomhole, over his comments on the ongoing industrial dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria and the management of Dangote Refinery. Oshiomhole, speaking on Arise TV on … Read more
The meeting between the delegation of the Petroleum and Natural Gas Senior Staff Association and the management of the Dangote Petroleum Refinery over the lingering industrial dispute ended in a deadlock. The reconciliation meeting, called by the Federal Government, started at approximately 4 p.m. on Monday. The meeting, attended by the Minister of Labour … Read more
The nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria on Monday paralysed operations at key oil and gas regulatory institutions, including the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The industrial action, which followed the weekend … Read more
The Oyo State Government has reiterated its unwavering commitment to complete all ongoing infrastructural projects across the state before the end of the current administration in 2027. This assurance was given by the Deputy Governor of Oyo State, Barrister Bayo Lawal, during an on-the-spot monitoring visit to ongoing projects under the Rural Access and … Read more