Africa needs reliable electricity, stronger financial institutions and consistent industrial policies to become a global manufacturing powerhouse, Aliko Dangote, president of Dangote Group, has said. Speaking at the 2026 Financial …
Dangote Petroleum Refinery and Petrochemicals recorded a net profit of ₦6.29 trillion ($4.73 billion) in the first nine months of 2026, marking a significant turnaround from the loss reported during …
Dangote Petroleum Refinery and Petrochemicals is extending its initial public offering (IPO) by 10 days to allow more investors from across Africa to participate in the share sale. The offer, …
JPMorgan Chase is planning to establish a merchant bank in Nigeria, with operations expected to begin before the end of 2026, subject to regulatory approval. The move is expected to …
Companies have more than doubled their spending on artificial intelligence in less than a year as AI moves from an experimental technology to a broader business investment. According to Boston …
Nigeria’s recent interest rate reduction could eventually increase government tax revenue if lower borrowing costs encourage businesses to expand operations, improve profitability and generate higher taxable income. The Central Bank …
Zimbabwean investors are gaining access to Dangote Petroleum Refinery’s $1.6 billion initial public offering (IPO), expanding participation in one of Africa’s biggest capital-market deals beyond Nigeria. The offering, which opened …
Nigerian billionaire Aliko Dangote is supporting the development of a $660 million refined petroleum products pipeline linking Ethiopia and Djibouti, a project aimed at improving fuel supply and reducing transport …
Aliko Dangote has hired India’s state-owned Engineers India Ltd. (EIL) to provide engineering and project-management services for a planned $16 billion refinery and petrochemical complex in Kenya. The refinery, which …
Edwin Devakumar, Vice President, Oil and Gas at Dangote Industries Limited, has described the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery as an opportunity for investors to participate …
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