Month: July 2026

FG: Dangote Refinery critical to Nigeria’s $1trn economy vision

Justina Emmanuel-Okpara

The Federal Government has described Dangote Petroleum Refinery and Petrochemicals as a cornerstone of Nigeria’s ambition to build a $1 trillion economy, pledging deeper collaboration with the private sector to accelerate industrialisation, job creation, and economic transformation. Minister of State for Industry, Senator John Owan Enoh, made the declaration yesterday after leading a high-level delegation from the Ministry on an extensive tour of the 700,000 barrels-per-day Dangote Petroleum Refinery, Dangote Petrochemicals complex and Dangote Fertiliser Limited in Lagos. The Minister described the integrated industrial complex as one of the most…

Read More

Recapitalisation: NAICOM Warns Insurers Against Missing July 31 Deadline

Justina Opara

Commissioner for Insurance and Chief Executive Officer, National Insurance Comission (NAICOM), Mr. Olusegun Ayo Omosehin, has warned insurance operators that the July 31 recapitalisation deadline is regulatory and not symbolic, urging companies yet to meet the new minimum capital requirements to act with urgency. Speaking on Friday at the investiture of Mr. Akinjide Oluwarotimi-Orimolade as the 53rd President and Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos, Omosehin said the recapitalisation exercise remained a critical pillar of the Commission’s ongoing reforms aimed at building a…

Read More