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Aliko Dangote

IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.

FG incurs N418bn power subsidy in Q4 2025

Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.

Otedola, Dangote Applaud Tinubu’s Economic Reforms, Express Optimism About Nigeria’s Future

KEY POINTS Femi Otedola and Aliko Dangote met President Tinubu in Lagos on Easter...

Dangote refinery pushes back on IPO rumors as listing preparations gain pace

Dangote Petroleum Refinery denies circulating IPO reports while preparations for a landmark Nigerian Exchange listing quietly move forward on schedule.

Dangote warns Middle East war could push Africa into work-from-home crisis

Aliko Dangote says an unresolved Middle East crisis could force African countries back into COVID-era work-from-home arrangements.

Dangote Sugar Cuts Losses 73 percent, Revenue Hits $432.6M

Dangote Sugar narrowed its net loss by 73 percent and grew revenue 51 percent in 2025, as easing forex costs and a new management team gave Nigeria's largest sugar refiner its clearest recovery signal yet.

Dangote Refinery Taps Three Banks for Record NGX Listing

Dangote Refinery has appointed three investment banks to lead what analysts say could become Africa's biggest-ever stock market listing.

Dangote Swaps Luxury for Factory Floor in Industrial Push

Dangote industrialization strategy replaces luxury lifestyle with large-scale factories, cement plants and a refinery aimed at boosting local production.

Dangote Plans July Share Sale for 650,000 Bpd Refinery

Aliko Dangote says Nigerians may buy shares in the Dangote refinery by July, opening the 650,000 bpd project to public investors.

Dangote Commits N1.5 Billion to Bayero University Postgraduate

Dangote Graduate Business Scholarship will provide N1.5 billion in tuition support to MBA and management students at Bayero University Kano.

Dangote Predicts Naira Could Strengthen to N1,100 This Year

Dangote says a stronger naira could reach N1,100 per dollar this year as import controls and domestic production reshape Nigeria’s currency outlook.

Dangote Names MTN Chief Mupita to Fertiliser Board

Dangote Industries has appointed MTN Group CEO Ralph Mupita to the Dangote Fertiliser board, signalling expansion plans and renewed IPO expectations.

Dangote Seeks Congo Backing for Potash Mining Project

Aliko Dangote is exploring a potash mining project in Congo, seeking to strengthen fertiliser supply chains and extend his industrial footprint beyond cement.

Dangote Refinery Listing Could Double Nigeria Market Value

Bismarck Rewane says a Dangote Refinery listing could more than double Nigeria’s stock market value, marking a defining moment for the Nigerian Exchange.

Latest articles

IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.

FG incurs N418bn power subsidy in Q4 2025

Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.

Dangote refinery makes Nigeria a net petrol exporter

Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.

Onyeali-Ikpe steers Fidelity Bank past N500bn capital mark

Nneka Onyeali-Ikpe secured Fidelity Bank's recapitalization with a N259 billion private placement of ordinary shares on Dec. 31, 2025, pushing eligible capital to N564.5 billion and clearing the Central Bank of Nigeria's N500 billion threshold.