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Dangote plans new growth target beyond $100bn Vision 2030
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has declared that the conglomerate is reconsidering its $100 billion Vision 2030 target, with plans to unveil a more ambitious growth strategy in January as its expanding industrial investments reshape…
Nigeria unveils 10-year capital market plan, national savings scheme to drive $1tn economy
Nigeria has unveiled a 10-year capital market development roadmap and a national savings plan designed to mobilise domestic resources, attract international investment and strengthen the country’s capacity to finance its ambition of building a $1 trillion economy by 2030. The…
UK, Nigeria strengthen cooperation on migration, security, justice
The United Kingdom and Nigeria have agreed on new measures to strengthen cooperation on migration management, justice and security, building on commitments made during President Bola Tinubu’s State Visit to the UK in March 2026. The agreement was reached at…
When economic correction becomes social exposure
[Sola Adebawo] Some reforms do not fail because they are economically unsound. They fail because they arrive faster than society can carry them. In policy circles, adjustment is often described as necessary correction. But outside those circles, what citizens experience…
World Bank projects 4.4% growth for Nigeria
Nigeria’s economy is projected to grow by an average of 4.4 per cent annually through 2028, with inflation and poverty expected to decline if the government sustains economic reforms and improves public service delivery, the World Bank has said. In…
G7 agrees 100 Mbbls emergency oil to ease supply squeeze
The International Energy Agency (IEA) said Saturday that its member countries had so far released about 325 million barrels of oil and oil products from strategic reserves, representing more than 80 per cent of the 400 million barrels pledged in…
AfDB targets $4trn domestic capital to close Africa’s financing gap
The African Development Bank (AfDB) is engaging financiers on a strategy to mobilise about $4 trillion in untapped domestic capital across Africa to help fund the continent’s development needs, as the region grapples with an estimated $400 billion annual financing…
From subsidy shock to debt trap: Tinubu’s reforms meet rising debt wall
Sopuruchi Onwuka President Bola Tinubu’s declaration that the worst pains of his economic reforms are over is being tested by a debt burden that has continued to expand, potentially extending fiscal pressures even as the government shifts its emphasis towards…
Dangote canvasses dom-refining ecosystem
Chiarman of Dangote Industries Limited, Alhaji Aliko Dangote, has urged the government to create the commercial, regulatory and infrastructure conditions required to make domestic refining sustainably competitive. In his remarks at the Nigeria Oil Refining Summit in Lagos, Dangote cautioned…
FG woos long-term capital, pledges regulatory certainty for refiners
Federal government has declared that it is implementing policies that drive fundamental shift in Nigeria’s petroleum industry from crude export dependence to an integrated resource value chain that captures greater value from domestic production. Minister of State for Petroleum Resources…
