Saturday, October 31, 2026
Dangote hires Indian engineers for his $16bn Kenya refinery
• Signs $450m deal to oversee construction • Firm built $20bn Lagos refinery • Dangote to spend $50bn in 4 yrs to $100bn...
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Aba Power’s N43bn smart-meter investment earns consumer confidence
Electricity Consumers Association of Nigeria (ECAN) said, after reviewing the actions taken by Geometric Power Limited, which provides electricity...
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Dangote turns to China for new vessels acquisition deal, as group targets 1,800 annual vessel calls
Dangote Group is turning to China, the world’s largest shipbuilding country in its drive to increase annual vessel movements from...
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Hormuz crisis turns $100 oil into Nigeria’s fiscal gain, economic pain
Nigeria could be heading towards yet another oil windfall, with higher crude prices boosting government revenues even as rising fuel...
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Houthi attacks, Hormuz tensions push Brent above $108
Oil prices rose sharply early Monday as fresh Houthi attacks on Saudi Arabia and renewed strikes around the Strait of...
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Angola unveils $70bn oil and gas investment strategy
• Sonangol invested $10.5bn 2021-2025 • Portfolio grew from $995m in 2022 to $3.4bn in 2025 Angola is looking toward its...
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Dangote Refinery valuation hits N77.7trn as CardinalStone projects 39.6% return
Dangote Petroleum Refinery and Petrochemicals (DPRP) FZE could achieve a market capitalisation of N77.7 trillion at a 12-month target price...
Read moreDetailsDangote Refinery cuts debt to $5.67bn as profit hits $1.82bn
Dangote Petroleum Refinery and Petrochemicals FZE has crossed a major financial milestone, swinging to a $1.82 billion after-tax profit in...
Read moreDetailsKenya confirms Dangote breaking ground for $17bn Lamu refinery September 30
Kenya has confirmed that Aliko Dangote, billionaire owner of Dangote Refinery will break the ground on September 30 for commencement...
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All set for Dangote Refinery’s $5bn IPO about September 15 – Dangote says
• Refinery to expand to 1.4m bpd  Baring any unforeseen circumstances, the much-awaited Dangote Refinery's initial public offering (IPO) will...
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