Nigeria’s petrol supply is undergoing a major shift as the Dangote Refinery supplied 71% of the country’s petrol in August 2026, pushing fuel imports sharply lower. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that domestic petrol receipts rose 39% from 25.8 million litres per day in July to 35.9 million…
China has reduced shipments of rare earth magnets to the United States just days before President Donald Trump and Chinese President Xi Jinping are due to meet in Washington. The timing is drawing attention because rare earth magnets are critical to industries ranging from electric vehicles and electronics to defence equipment. Chinese customs data released…
Nigeria’s healthcare market is becoming too large for investors to ignore, with Nigerians projected to spend about $34 billion on healthcare in 2026, according to recent industry reports. The rising spending is attracting greater interest in private hospitals, diagnostics, pharmaceuticals and other medical infrastructure. But the opportunity comes with a major weakness: Nigeria still imports…
Nigeria’s push to rely more on local petrol production is facing an unexpected problem. The Dangote Refinery says rising Nigeria petrol imports are making it harder to plan production and could force it to export excess fuel instead of selling it at home. The warning comes as imported petrol accounted for about 43% of the…
The Federal Government has unveiled fresh economic measures aimed at stabilising Nigeria’s financial system and easing the cost of imports, with the Central Bank of Nigeria (CBN) set to aggressively withdraw excess market liquidity while the Nigeria Customs Service confirms lower import tariffs on vehicles. The CBN plans to raise between ₦1.35 trillion and ₦2…
