Building on the success of his mega-refinery in Lagos, Nigerian industrialist Aliko Dangote is in talks to construct a second one in collaboration with several East African countries. African leaders should learn from Dangote’s strategy of adding value to the continent’s natural resources and fostering cross-border cooperation.
Form 4 QNB Corp For: 13 July
Lower oil prices generally lead to lower consumer fuel prices … but not always. There is a risk that models are overly tied to oil prices and that’s leading to expectations of lower consumer and business prices but if you’ve seen the fuel pumps lately, you’d know that’s not the case. The large gap has…
The US Dollar Index (DXY) trades within a volatile range on Friday as a sparse US economic calendar leaves traders watching developments in the Middle East after renewed hostilities between the United States (US) and Iran this week. Even so, the latest flare-up has provided only limited support, with the DXY set to finish the…
Minutes Item 1: Introduction The Bank introduced the first co-creation thematic engagement working group on synchronisation since the terms of reference were refreshed, outlining the group’s purpose, structure, and the context of ongoing synchronisation initiatives. The Bank explained that the co-creation working group is intended to gather focused input from industry participants to inform the design of a live synchronisation…
09:45 (ET)On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment…
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WASHINGTON, DC—Africa’s richest person, the Nigerian industrialist Aliko Dangote, has built the world’s largest single-train oil refinery in Lekki, on the southern outskirts of Lagos. With a crude-processing capacity of 700,000 barrels per day, the facility has produced petroleum products such as diesel, petrol, and jet fuel for African and global markets since 2024.