INSEAD Day 4 - 728x90

nigeria

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' time with an expansion doubling its capacity, its owner said on Sunday. "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote,...
  • MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up

    China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral tourism and commerce from June 9, 2025, through June 8, 2026.
  • High inflation leaves Nigeria struggling ahead of Ramadan

    Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in a generation leaving many in Africa's most populous Muslim country struggling to buy food. With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central...
  • WHO urges limiting trans fat across the world

    Geneva, Switzerland - The World Health Organization said on Monday that nearly half the world's population was now covered by solid rules limiting trans fat in foods and urged lagging countries to catch up. The WHO appealed in 2018 for industrially produced fatty acids in foods to be eliminated worldwide by...
  • Biggest fuel refinery plant of Africa begins production

    Lagos, Nigeria - Africa's biggest diesel and aviation fuel refinery built by the continent's richest man has started production, the company said on Saturday, calling it a "big day for Nigeria". The 650,000 barrel-per-day Dangote refinery could be a game changer when fully operational by helping end Nigeria's reliance on fuel...
  • Shell eyes $6bn in Nigeria

    The investment opportunities are being explored in offshore gas projects.
  • UAE president discusses boosting ties with president of Nigeria

    Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral collaboration in areas that serve both countries’ sustainable economic growth, including the economic, development, energy, and climate action fields in a meeting in Abu Dhabi. Sheikh Mohamed expressed his hope...
  • Standard Chartered sells Africa business

    It sold the sub-Saharan Africa business to Access Bank.
  • FIFA bars Saudi club Al-Nassr from admitting new recruits

    LAUSANNE, SWITZERLAND - Cristiano Ronaldo's Saudi club Al-Nassr are banned from registering new players until unpaid debts are settled, FIFA said on Thursday. The team "is currently prevented from registering new players due to outstanding debts", a FIFA spokesperson told AFP, without revealing the amount of the debts. World football's governing...
  • Nigeria gas fuels Morocco, Algeria pipeline power struggle

    Morocco and Algeria have moved to revive long-stalled projects in light of a gas supply crunch following Russia's invasion of Ukraine a year ago. Prices surged and Europe - which was heavily reliant on Russian gas - had to look elsewhere for energy.
  • Abu Dhabi Fund allocates $45m for Nigeria road project

    Abu Dhabi, UAE-- Abu Dhabi Fund for Development (ADFD) has allocated AED165 million ($45 million) to the Nigerian government to finance the Minna-Bida Road project, ADFD's first development project in Nigeria, which is expected to stimulate commercial activities and improve transport links between the main cities in the country. The...
  • Germany cuts the ribbon on first LNG terminal

    Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal in the port of Lubmin.
  • UAE delegation attends meetings on sidelines of UNGA session

    The UAE delegation attended the fifth day of high-level meetings on the sidelines of the 77th Session of the United Nations General Assembly.
  • Morocco, Nigeria agree on project to pipe gas to W.Africa and Europe

    The agreement to go ahead with the Nigeria-Morocco Gas Pipeline project was inked in Rabat by the two countries and the Economic Community of West Africa (ECOWAS), a joint statement said. The 5,600 kilometre (nearly 3,500 mile) pipeline would traverse 13 African countries along the Atlantic coast.
  • Algeria, Nigeria, Niger discuss gas pipeline to Europe

    The Trans-Saharan Gas Pipeline (TSGP) would transport billions of cubic metres of gas some 4,128 kilometres (2,565 miles) from Nigeria in West Africa.
  • Nigeria says seeking funding for gas pipeline to Morocco

    Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North Africa and onto European markets, the country's petroleum minister said on Monday. Africa's gas supplies are increasingly in the spotlight as the European Union looks to wean itself off Russia's...
  • OFID to finance $14.3 million for Nigeria-Morocco Gas Pipeline’s study

    Morocco and the OPEC Fund for International Development (OFID) have signed the pact on the partial funding of the second phase of the Nigeria-Morocco Gas Pipeline (NMGP) project's Front End Engineering Study (FEED). "Through an exchange of correspondence with OFID Director-General Abdulhamid Al Khalifa and with Amina Benkhadra, Director-General of...
  • OPEC names Kuwaiti Haitham al-Ghais as next secretary general

    Al-Ghais, who was Kuwait's OPEC governor from 2017 to June 2021, serves as a deputy managing director of the Kuwait Petroleum Corporation (KPC). His decades of experience in the industry include stints in Beijing and London for the state oil corporation.
  • UAE suspends entry for travelers from Kenya, Tanzania, Ethiopia, Nigeria

    UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations, and scholarships. In addition, the country has introduced new travel requirements for those coming on direct flights from Uganda and Ghana. These include having a negative COVID-19 test obtained within...
  • Helium Health of Nigeria buys out Qatar-based Meddy Inc

    Meddy Inc, the Qatar-based doctor booking service, has been bought out by the African health tech company Helium Health, embarking on its first expansion outside the continent.
  • Egypt gained most from Islamic Development Bank in 2020

    IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.
  • Dubai exports, re-exports to West Africa rise by 42% during H1

    Nigeria was the largest West African export market for member companies, accounting for a 32 percent share of the value of exports and re-exports to the region, followed by Ghana (17 percent), Ivory Coast and Guinea with 12 percent each, Senegal (8 percent) and Mali (4 percent).