Dangote Petroleum Refinery could become one of the most influential companies on the Nigerian Exchange (NGX) if it proceeds with an initial public offering (IPO) at a valuation close to the $40 billion implied by a recent private placement. According to EBC Financial Group, in a statement emailed to ASHENEWS on Thursday, such a valuation would put the refinery’s value at about N54.63 trillion, based on the Central Bank of Nigeria’s Nigerian Foreign Exchange Market rate of N1,365.6856 per dollar as of August 7, 2026. The figure represents a significant share of Nigeria’s equity market. Companies listed on the NGX…
Author: Abdallah el-Kurebe
The World Health Organization (WHO) has expressed serious concern over a recent executive order issued by U.S. President Donald Trump aimed at an overhaul of the nation’s childhood immunization schedule, warning that political influence should not supersede decades of established medical science. The new White House directive, titled the Gold Standard Childhood Vaccine Recommendations, seeks to cut the number of routinely recommended childhood immunizations from 18 down to 11. Additionally, the policy advocates separating the combined measles, mumps, and rubella (MMR) vaccine into three individual shots given across separate doctor visits, alongside measures aimed at expanding parental choice and state…
With food systems facing mounting pressures from climate change, population growth and changing consumer demands, the participation of a new generation of entrepreneurs and innovators will be critical to building more productive, resilient and inclusive agrifood economies.
Nigeria has reaffirmed its commitment to ensuring that every child is registered at birth and recognised by law as the country joins the rest of Africa to commemorate Africa Civil Registration and Vital Statistics (CRVS) Day 2026. Observed under the theme, “New CRVS Decade (2026–2036): Consolidating the Gains of the Africa Programme on Accelerated Improvement of Civil Registration and Vital Statistics (APAI-CRVS) and Securing the Future of Civil Registration and Vital Statistics in Africa through Integration, Decentralization and Digitalization,” this year’s commemoration highlights the critical role of legal identity in protecting children’s rights and strengthening national development. Birth registration is…
Africa’s greatest economic challenge may not be a shortage of natural resources, talent or opportunities, but the fragmentation of its 54 national economies. Across the continent, countries often compete independently for investment, markets and global influence, even when their combined strengths could create powerful cross-border industries capable of competing on a global scale. Rather than expecting every African country to develop all the capabilities required for economic transformation, the continent could pursue a deliberate strategy of connecting the strongest assets of different markets into integrated production systems. Nigeria, for instance, has a vast consumer market and significant energy resources. Ghana…
The National Association of Mango Producers, Processors and Marketers of Nigeria (NAMPPMAN) has said that Nigeria produces about one million metric tonnes of mangoes annually, placing the country 11th among the world’s leading producers. The association disclosed this in Abuja during the inauguration of its newly elected national executives, where stakeholders called for greater investment in production, processing and marketing to unlock the economic potential of the mango industry. According to NAMPPMAN’s outgoing National President, Abdulkadir Nasir, the country’s current output is generated from about 120,000 hectares of mango orchards. He said Nigeria could more than quintuple its production to…
Former Sokoto State Governor and Senator representing Sokoto North, Aliyu Magatakarda Wamakko, on Saturday received the leadership of the Qadiriyya Movement in Nigeria, led by its National Leader, Karibullah Nasiru Kabara, at his Gawon Nama residence in Sokoto. Kabara led the delegation on a courtesy visit following the movement’s annual programme in the state. Receiving the delegation, Wamakko expressed delight over the visit and described his relationship with the Qadiriyya Movement as longstanding and cordial. He congratulated the leadership and members of the movement on the successful conduct of their annual programme in Sokoto and prayed to Allah to continue…
The Central Bank of Nigeria (CBN) hosted the 7th Africa Emerging Markets Forum (AEMF 2026) in Abuja from Wednesday, July 29, to Thursday, July 30, 2026, bringing together policymakers, economists, development experts and industry leaders to examine strategies for building a more resilient and inclusive African economy. Attended by senior policymakers, central bankers, ministers, development partners, private-sector leaders and economists, the event, themed “Building Resilience Amidst Geoeconomic Uncertainties,” was organised by the CBN in collaboration with the Emerging Markets Forum (EMF) and the Centre for the Study of the Economies of Africa (CSEA). Over the two-day forum, participants discussed the…
Students of the Federal University of Technology, Akure (FUTA) have emerged first and third at the inaugural National Undergraduate Industry-Based Engineering Research Competition sponsored by Dangote Cement. At the grand finale held at the University of Lagos on July 28, 2026, Team Zenith, comprising three final-year FUTA students—Oluwaferanmi Oladepo of Information and Communication Engineering, Nunsi Shiaki of Computer Engineering, and Adejire Adegite of Electrical and Electronics Engineering—won the top prize. Team Data Knights, comprising Faith Alabetutu and Samuel Abayomi, both 400-level students of the Department of Computer Engineering, secured third position, while a team from the University of Lagos finished…
Lawyers, civil society and community representatives call for movement lawyering, stronger accountability, fair compensation and meaningful participation of women and affected communities in Africa’s just transition