The Bigger Story Behind Dangote’s East African Refinery Plan THE announcement of a proposed refinery in East Africa is being viewed by many observers as far more than a routine investment decision. It represents another phase in an ambitious industrial strategy that is steadily positioning Africa as a producer of refined petroleum products rather than […]
By ESTHER McWILLIS-IKHIDE Strategic Gas Partnerships THREE subsidiaries of Dangote Industries Limited have entered into Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd), in a move expected to strengthen gas supply for industrial expansion and cleaner energy use. The agreements were signed between Dangote Petroleum Refinery, […]
Nigeria at a Critical Energy Crossroads NIGERIA may be on the verge of squandering a rare strategic advantage in the global energy market as policy failures and regulatory bottlenecks continue to limit the performance of the 650,000 barrels-per-day Dangote Petroleum Refinery, according to energy expert Abdulrazaq Hamzat. Hamzat, Executive Director of the Foundation for Peace […]
ALIKO Dangote has explained that the high price of cement in Nigeria is largely due to multiple taxes and levies imposed on local production. In an interview with Business Insider Africa, the Dangote Industries president said regulatory costs significantly inflate domestic cement prices. Dangote said cement exported from Nigeria is cheaper because exporters are exempt […]
By ESTHER McWILLIS-IKHIDE NIGERIA’S capital market is bracing for one of its most significant turning points in decades as momentum grows toward the anticipated 2026 listings of Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) on the Nigerian Exchange (NGX). Analysts say the dual public offerings could radically expand the exchange, attract historic […]
By ESTHER McWILLIS-IKHIDE Dangote Refinery Expansion Sparks Optimism for Nigeria’s Energy Future NIGERIA is on the cusp of a new industrial revolution as the Dangote Refinery embarks on an ambitious expansion to increase its crude oil processing capacity from 650,000 barrels per day (bpd) to a staggering 1.4 million bpd. Industry watchers say the move […]
The Trade Union Congress of Nigeria (TUC) has threatened to embark on a nationwide strike if the Federal Government fails to withdraw its proposed five per cent tax on petroleum products. TUC President General, Comrade Festus Osifo, and the union’s General Secretary, Comrade Nuhu Toro, issued the warning in a statement on Monday in Abuja. […]
THE Trade Union Congress of Nigeria (TUC) has declared its full support for the Nigeria Labour Congress (NLC) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in their ongoing struggle against the violation of workers’ rights by employers. TUC President, Festus Osifo, in a statement released in Abuja, condemned what he described […]