Category: Business
Dangote Refinery Targets 1.4m bpd Capacity by 2029, Extends N2.15tr IPO to October 27
Dangote Petroleum and Petrochemicals Refinery in Lagos. Photo: AFP President of Dangote Industries Limited, Aliko Dangote, has announced plans to expand the Dangote Petroleum Refinery’s capacity to 1.4 million barrels per day (mbpd) by early 2029, up from its current 500,000 barrels per day, amid persistent challenges in the petroleum industry. Also, Dangote Petroleum Refinery…
World Bank Targets $5.79bn Private Investment in Nigeria, Eyes 850,000 Jobs
The World Bank Group aims to mobilise up to $5.79 billion in private financing for Nigeria in 2026, targeting agriculture, digital infrastructure and small businesses, with one programme expected to support about 850,000 jobs. World Bank Group is targeting up to $5.79 billion in private financing for Nigeria in fiscal year 2026 to support small…
Dangote Refinery Targets 1.4 Million Barrels Daily Capacity by 2029
President of Dangote Industries Limited, Aliko Dangote, has announced plans to expand the Dangote Petroleum Refinery‘s capacity to 1.4 million barrels per day by early 2029, from its current 500,000 barrels, amid persistent challenges in the petroleum industry. Dangote also assured small investors that they would be accommodated in the refinery’s ongoing initial public offering…
Oil Prices Climb as Trump’s Remarks Rattle Energy Markets
Oil prices rose as uncertainty over US President Donald Trump’s claim of an energy ceasefire between Russia and Ukraine unsettled investors. A graphic illustration of barrels of crude oil Benchmark oil prices topped $105 a barrel Monday after Yemen’s Iran-backed Houthi movement launched strikes on Saudi Arabia, heightening worries about tight global supplies heading into…
President cites World Bank report to defend reforms, stability
President Bola Tinubu (second right) being welcomed by the Speaker, House of Representatives, Tajudeen Abbas (left); Deputy Senate President, Barau Jibrin and Lagos State Governor Babajide Sanwo-Olu after his working leave to France, at Murtala Muhammed International Airport, Lagos, yesterday. • Tasks govs as economy grows 4.2% in H1 2026, external reserves hit $53.8b• Insecurity…
Debt, Climate, Inequality Top Agenda as Nigeria, 190 Others Attend World Bank–IMF Summit
Nigeria and 190 other countries are meeting to discuss debt, climate change and inequality, weeks after Nigeria called for reforms to global governance and international financial institutions. The conference logo of the IMF-World Bank Group Annual Meetings 2026 is displayed on a wall backdrop inside a meeting room at the Queen Sirikit National Convention Center…
FG Announces 25-Day Closure of Owerri Airport for Runway Repairs
The Federal Government will close Owerri Airport for 25 days to rehabilitate deteriorated runway sections, repair cracks and potholes, resurface affected areas and extend the runway. The Federal Government has announced the temporary closure of the Sam Mbakwe International Cargo Airport, Owerri, Imo State, for 25 days to allow for runway rehabilitation and extension. A…
Fidelity Bank Urges SMEs to Embrace Digital Tools, Control Costs for Growth
Fidelity Bank has urged small and medium-sized enterprises (SMEs) to adopt digital solutions and strengthen cost management to improve profitability, boost operational efficiency and support sustainable business growth. Fidelity Bank has urged Small and Medium-sized Enterprises (SMEs) in Lagos to adopt reliable digital solutions, strengthen their business structures, improve financial records management, manage operating costs…
World Bank Reports 4.2% Growth in Nigeria’s Economy, 93% Rise in State Revenues
The World Bank reported that Nigeria’s economy grew by 4.2 per cent as state revenues increased by 93 per cent, while noting that the Middle East conflict has had mixed effects on the country’s economy. A vendor counts her money as a girls looks on at the Lokoja International Market in Lokoja on October 21,…
Agbakoba Says Petrol Should Sell For ₦400 Per Litre, Rejects ₦1,350 Target
Olisa Agbakoba has argued that petrol should cost ₦400 per litre, as the Federal Government proposes a price cap of about ₦1,350 per litre to help stabilise pump prices. A fuel pump. A Senior Advocate of Nigeria (SAN), Olisa Agbakoba, has argued that the petrol price in Nigeria should be sold at ₦400 per litre,…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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