LAGOS, Nigeria’s Dangote Oil refinery, Africa’s largest, could begin operating at full capacity in 30 days, the head of the refinery said on Monday. The 650,000-barrel-per-day refinery built by Nigerian billionaire Aliko Dangote in Lagos began processing crude into products, including diesel, naphtha and jet fuel, in January last year and started processing petrol in […] Read more

MaTaZ ArIsInGDallas, Texas The Central Bank of Nigeria (CBN) is set to launch a new Compliance Department by the end of February in a bold move to restore transparency and resilience within Nigeria’s financial system. This announcement, made by the CBN Governor, Olayemi Cardoso, signals a shift in the apex bank’s operations, aiming to address […] Read more

MaTaZ ArIsInGDallas, Texas The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe. The 650,000-capacity Dangote refinery, which began operations in January last year, started producing PMS in September, years after the country had relied […] Read more

MaTaZ ArIsInGDallas, Texas As the clock ticks into 2025, Nigeria teeters on a precipice where adversity and hope interlock. The stage is set for a decisive year as the country’s major sectors hum with latent energy: the economy struggles to shed its old skin, politics braces for reform, and the creative industries moot a new narrative. The […] Read more

MaTaZ ArIsInGDallas, Texas Investors at the Nigerian stock market started the year on a high note, with stock gaining an impressive N1.13 trillion in market capitalisation during the second week of trading in 2025. The benchmark Nigerian Exchange Limited All-Share Index (NGX ASI) surged by 1.8per cent, or 1,864.73 basis points, closing at 105,451.06 basis points up from 103,586.33 basis point... Read more