The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Aliko Dangote says his group intends to invest more than 10 billion dollars in Africa’s power sector over the next three to four years, and may cancel one or two planned businesses, including steel, to free up the money. The president of Dangote Industries Limited made the disclosure in an interview with Al Jazeera…
Alhaji Bamanga Tukur returned to the red earth of Adamawa State on Sunday morning. Mourners laid the former Peoples Democratic Party national chairman to rest at his family residence in Fadde-Sanda, along Abuja Road in Yola. The Chief Imam of Modibbo Adama Central Mosque, Alhaji Ahmadu Bobboi, led the Islamic funeral prayers at ten-fifty. Pallbearers…
Africa’s largest ever share sale opens to the public on Monday, 14 September 2026, when Dangote Petroleum Refinery and Petrochemicals FZE begins accepting subscriptions for 4.1 billion ordinary shares priced at N525 each, a transaction that could raise about N2.15 trillion, or roughly 1.6 billion dollars, if fully taken up. The offer closes on 13…
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering in Lagos. The deal locks in 600 million dollars in funded private placement from Lilium Capital Group alongside a 400 million dollar underwriting commitment. African industrial giants rarely test public capital markets on this scale. The transaction…
Nigeria’s mega-refinery near Lagos cemented its status as Europe’s top jet fuel source for a second straight month in July. Ship tracking data shows the giant Lekki plant shipped over 400,000 tonnes of jet fuel to European ports last month. That output captured one-fifth of the continent’s entire aviation fuel import market. The Nigerian facility…
Aliko Dangote has all but concluded a $2.5bn private share placement for Dangote Petroleum Refinery and Petrochemicals FZE, clearing the path for what is widely projected to become the largest initial public offering in Africa’s history and one of the boldest tests yet of the continent’s ability to finance its own industrial ambitions from…
Africa’s largest refinery has pushed back against allegations that petrol produced at its Lagos facility is shipped to Lomé in Togo and then quietly returned into the Nigerian market, describing the claims as commercially illogical, contractually barred, and unsupported by trade data. Dangote Petroleum Refinery and Petrochemicals issued the rebuttal on Tuesday, June 23, 2026,…
The three publicly traded entities owned by Aliko Dangote grew their combined net profit by 52.3 percent during the first quarter of 2026. Financial statements submitted to the Nigerian Exchange Group show that Dangote Cement, Dangote Sugar Refinery, and NASCON Allied Industries generated N161.43 billion in profit after tax. This corporate surge follows a combined…
Former Head of State General Yakubu Gowon has finally published his long-awaited autobiography. The book presentation, My Life of Duty and Allegiance, launched in Abuja on Tuesday, drew a vast assembly of veteran rulers, diplomats, and senior government officials to the Bola Tinubu International Conference Centre. Vice President Kashim Shettima represented the head of state, sitting…
Aliko Dangote plans to construct a 650,000 barrels-per-day refinery in East Africa, aiming to replicate the scale of his Lagos-based facility. The billionaire industrialist announced this intent at the “Africa We Build” summit in Nairobi on Thursday. He stated that his group is ready to proceed if regional governments provide the necessary support. The proposed…