dangote plans $10 billion power investment

Dangote Plans $10 Billion Power Investment as Fertiliser IPO Signals Bigger Shift in Nigeria’s Industrial Economy

Aliko Dangote is preparing for another major expansion of his business empire, with plans to invest more than $10 billion in Africa’s power sector over the next three to four years while also taking his fertiliser business public in 2028. The announcements point to a wider shift in the Dangote Group’s strategy. Rather than focusing…

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nigeria manufacturing output slows

Nigeria Manufacturing Output Slows as Rising Factory Costs Put Industrial Growth Under Pressure

Nigeria’s headline GDP growth may be improving, but the country’s manufacturing sector slowdown is raising a different question: can economic growth continue without stronger industrial production? The Manufacturers Association of Nigeria (MAN) has warned that the country’s industrial sector is losing momentum, with real industrial growth falling from 7.46% in Q2 2025 to 3.96% in…

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nigeria manufacturing sector

Nigeria’s Manufacturing Sector Hits Strongest 2026 Expansion as Food and Pharma Lead Growth

Nigeria’s manufacturing sector recorded its strongest business performance of 2026 in August, according to the latest Business Confidence Monitor from the Nigerian Economic Summit Group (NESG). The improvement was part of a wider recovery in business activity. Nigeria’s Current Business Performance Index rose from 108.6 points in July to 112.7 points in August, its highest…

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