Business
New Report on Dangote Refinery’s Diesel Quality Expected On Monday
The Nigerian Government has announced that a new report regarding the sulfur content in diesel produced by the Dangote Refinery will be released on Monday.
This update comes after a recent dispute between the refinery’s owner, Aliko Dangote, and Farouk Ahmed, the Chief Executive Officer of the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
George Ene-Ita, a spokesperson for NMDPRA, stated that the regulatory body has a team of approximately 15 engineers and scientists working directly within the Dangote Refinery.
He emphasized that the upcoming report will provide a comprehensive analysis of the diesel’s sulfur content. Ene-Ita also highlighted that NMDPRA has fulfilled its regulatory duties and is not interested in engaging in public disputes with the refinery.
Last week, Ahmed had claimed that the Dangote Refinery was not yet authorized to operate and criticized the quality of its petroleum products.
He noted that the sulfur content of products from Dangote Refinery, along with other smaller modular refineries such as Watersmith and Aradel, ranged between 650 and 1,200 parts per million (PPM), which he argued was inferior compared to imported petroleum products.
In response, Dangote refuted Ahmed’s claims, asserting that the refinery’s products were of high quality. He called for an independent assessment to verify the quality of their products.
Dangote criticized the current testing procedures, suggesting that the results of imported products might be manipulated and that independent testing would reveal different outcomes.
This statement was made during a tour of the Dangote Refinery with Speaker of the House of Representatives, Tajudeen Abbass, and other senior lawmakers.
MTN has moved closer to acquiring IHS Holding, following shareholder approval of the proposed takeover, marking another major milestone in the transaction.
The approval was secured during the Extraordinary General Meeting (EGM) held on 4 August, allowing the deal to progress to the next stage.
If completed, the acquisition is expected to strengthen MTN’s infrastructure capabilities by giving the company greater control over its telecommunications tower assets. Industry analysts believe the move could improve network efficiency, reduce long-term operating costs, and support MTN’s continued expansion across its markets.
The transaction is still subject to regulatory approvals and other closing conditions before it can be officially completed.
Nigeria’s three biggest cement manufacturers—Dangote Cement, BUA Cement, and HBM Nigeria—generated a combined ₦3.2 trillion in revenue during the first half of 2026.
The strong performance was driven by higher cement prices, increased demand from housing and infrastructure projects, and higher sales volumes across the country.
Compared to the same period in 2025, the companies recorded 26.5% revenue growth, showing that Nigeria’s construction sector continues to expand despite economic challenges. The companies also reported stronger profits and are investing further to increase production capacity to meet future demands.
Nigerian fintech company OPay has introduced new security features to improve the safety of its application.
The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.
The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.
The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.
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