Dangote refinery to hit 700,000bpd by December – Report –

The nameplate capacity of the Dangote Petrochemical Refinery is projected to reach 700,000 barrels per day by December 2025, marking a major milestone in Nigeria’s refining capacity, a new report by Argus Media has revealed. According to the report, the increase represents a 50,000bpd boost from the current 650,000bpd capacity, driven by ongoing operational optimization and phased expansion plans at the multi-billion-dollar facility. The report read, “Industry sources said this could happen by as early as December.”….(Read More)

New contractors invited to fast-track $2.8bn pipeline completion – NNPC –

The Group Chief Executive Officer of Nigerian National Petroleum Company Ltd, Bayo Ojulari, has assured of the speedy delivery of the $2.8bn Ajaokuta–Kaduna–Kano Natural Gas Pipeline project, adding that the project will unlock economic prosperity when it comes on board. He said to fulfill this commitment; the oil company had to invite new contractors to ensure its speedy completion. The GCEO said this while giving an assurance to potential investors and stakeholders at NNPC Limited’s Gas Power & New Energy Directorate for the 2025 AKK Business Development Forum, monitored by our correspondent on Thursday…..(Read More)

Airtel Africa grows profit by 408% with spike in data revenue –

Airtel Africa has released its financial results for Q1 2025/2026, for the period ended June 30, 2025, recording a pre-tax profit of $273 million, representing a 269% year-on-year growth. This figure also accounts for 41% of the group’s total pre-tax profit for the full financial year ended March 31, 2025. Profit after tax rose significantly to $156 million, a 408% increase compared to the same period last year, and 48% of the prior full-year post-tax earnings…..(Read More)

Market cap crosses N84trn as investors gain N406bn –

The Nigerian Exchange (NGX) yesterday crossed N84 trillion in market capitalization as equity investors gained more than N406 billion. Daily Trust reports that the stock market extended its bullish run on Thursday even as the All-Share Index (ASI) rose 0.48% to 133,199.99 points, lifting year-to-date returns to 29.41%.Also, market capitalization surged by N406 billion to close at N84.26 trillion attributing largely to increased bargain hunting……(Read More)

Dangote Sugar Posts N430.21bn Revenue In H1 –

Dangote Sugar Refinery Plc has reported a revenue of N430.21 billion in the first half of the year ended June 30, 2025. The Company six months results released on the Nigerian Exchange Plc showed that revenue grew by 45.53 per cent from N295.62 billion earned in the same period in 2024 to N430.21 billion under the period review, while revenue for the second quarter rose by 25 percent to N216.28 billion compared to N172.90 billion in 2024. Cost of sales rose by 36.42 per cent to N378.535 billion from N277.486 billion, while gross profit rose by 184.91 per cent to N51.677 billion as against N18.138 billion achieved in H1 2024….…(Read More)

‘I’d love him to lower interest rates’: Donald Trump grills Powell to cut rates; spars over Fed renovation costs in rare headquarter visit US President Donald Trump took aim at Federal Reserve Chair Jerome Powell during a rare visit to the central bank’s headquarters on Thursday, criticizing the ballooning cost the historic buildings and renewed his demand for lower interest rates. During his visit to the Federal Reserve’s Washington site, just days before a key policy meeting, Donald Trump criticized the rising renovation costs, claiming the price had jumped to $3.1 billion. Despite recently calling Powell a “numbskull” for not slashing interest rates as the White House wanted and openly toying about firing him. Trump said he had no plans to fire him….(Read More)