The US labour market recorded a sharp slowdown in September, with employers adding only 29,000 jobs in the latest figures ahead of the country’s midterm elections. Employment levels remained largely …
Business & Markets
- BusinessBusiness & MarketsElectionInternational
Nigeria is seeking to attract more than 100 Chinese oil and gas equipment manufacturers to establish production facilities in the country as it looks to expand local manufacturing, promote technology …
- BusinessBusiness & MarketsBusiness and Investment
Dangote Refinery Hits 700,000bpd as Fuel Imports Decline
Dangote Petroleum Refinery recorded its highest-ever capacity utilisation in August, operating at 105.21 percent of its 700,000-barrel-per-day nameplate capacity. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) …
The Nigerian National Petroleum Company Limited has said it does not yet have a fixed date for its proposed initial public offering (IPO), noting that the decision will ultimately be …
- BusinessBusiness & MarketsBusiness and InvestmentBusiness GrowthBusiness Updates
Dangote IPO Opens Access to Zimbabwean Investors
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 …
A Kenyan court has ordered parties to maintain the existing situation on a disputed parcel of land in Lamu County, creating a temporary legal hurdle for Dangote Industries’ planned $16 …
The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue granting petrol import licences to Matrix Energy, AA Rano and AYM …
Nigeria and the United States have signed a new agreement aimed at “deepen[ing] American investment” in Nigeria’s mining sector, as both countries seek to expand cooperation in the development of …
- BusinessBusiness & MarketsBusiness and EconomyBusiness GrowthUncategorized
Dangote Backs $660m Ethiopia-Djibouti Pipeline
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 …
Niger is seeking fresh investment in its uranium industry after increasing state ownership in the Madaouela uranium project, part of a broader strategy to secure a larger share of mining …