Business

Aliko Dangote and Benedict Peters have emerged as the biggest African winners of the Hormuz crisis, as their refinery and Nembe crude meet a global supply gap.

Aliko Dangote’s refinery exported 1.66 billion litres of petrol, diesel and jet fuel in April 2026, with US-Iran tensions driving fresh global demand.

Nigeria’s 3MTT programme has teamed with Hello.cv in a $10 million deal to give 20,000 tech fellows global employer visibility.

Nigeria’s 3MTT programme has announced winners of its inaugural National Impact Challenge, spotlighting digital fellows solving real-world problems across all 36 states.

Benedict Peters is deploying three sensor-equipped aircraft to map Madagascar’s mineral wealth under a pan-African deal that will hand the data to the government free.

The European Union has partnered with Nigeria’s 3MTT Programme to scale digital skills training and connect talent to real employment opportunities

Innoson Vehicle Manufacturing has denied reports that it plans to relocate to Ghana, saying the company is expanding in Nigeria and deepening its domestic roots.

Thirty-three Nigerian banks met the CBN deadline, raising N4.6 trillion under Nigeria’s bank recapitalization program and triggering fierce new competition for profitable lending across sectors.

Nigeria’s central bank restricts banking access for chronic loan defaulters, signaling stricter enforcement to protect deposits and restore credit discipline nationwide.

Aliko Dangote’s net worth has risen to $32.5 billion, strengthening his position as Africa’s richest person and lifting his global ranking.