Business

Nigeria’s modular refining industry is expected to record further growth in 2027, with seven new refineries projected to begin operations at a combined capacity of 83,000 barrels per day.The projection was disclosed by Argus Media’s George Maher-Bonnett during a presentation at the OTL Africa Downstream conference in Lagos on Wednesday. Speaking on the changing trends

Guaranty Trust Holding Company Plc (GTCO) has launched Google Pay services through two of its subsidiaries, allowing customers to make online payments while enabling businesses to receive payments through the platform.The development coincides with the official launch of Google Pay in Nigeria, with Guaranty Trust Bank (GTBank) and HabariPay already integrating the service into their

Dangote Petroleum Refinery and Petrochemicals has brought its landmark Initial Public Offering (IPO) to a close, attracting applications from investors in 120 countries across the six inhabited continents. Participation extended to all 54 African nations, showcasing the continent’s capacity to mobilise investment and expand public access to ownership in major industrial ventures. The offer, popularly

President Bola Ahmed Tinubu has praised the Dangote Group for its role in advancing Nigeria’s economic development, noting that its investments across strategic industries have helped expand local production, create employment opportunities, reduce import dependence, save foreign exchange and strengthen the country’s industrial base. Tinubu made the remarks during a visit to the Dangote Group

Dangote Petroleum Refinery and Petrochemicals has announced that its ongoing initial public offering (IPO) has attracted investors from 51 African countries, with subscriptions recorded from more than 90 countries globally. The offer, which is scheduled to close on 27 October 2026, provides investors with an opportunity to acquire shares in the refinery. Speaking on the