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 …
Japan has taken another major step away from decades of ultra-low interest rates, with the Bank of Japan (BOJ) raising its policy rate to 1.25 percent, its highest level in …
Nigeria’s headline inflation rate eased to 15.39 percent in August 2026, reflecting a continued slowdown in the pace of price increases across the economy. The latest figures indicate a modest …
President Bola Tinubu has assured local and international investors that Nigeria remains open for business, saying his administration is working to create a more predictable, competitive and investment-friendly environment. Use …
President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has urged Nigeria and other African countries to embrace bold initiatives capable of driving economic transformation and creating greater …
Nigeria’s leading fast-moving consumer goods (FMCG) manufacturers recorded a strong improvement in profitability during the first half of 2026, despite almost no growth in combined revenue. The 10 largest quoted …
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