Aliko Dangote has responded to a Kenyan court challenge involving his proposed $16 billion refinery, recalling a previous legal battle in Senegal and insisting his group is prepared to defend its projects.

Saudi Arabia has cancelled some crude oil shipments to Europe after a drone attack damaged a major pipeline linking the kingdom’s eastern oil region to the Red Sea.

Vice President Kashim Shettima has returned from India after pushing for stronger Nigeria-India trade, renewed crude purchases and wider investment cooperation at the BRICS summit.

Aliko Dangote has questioned how Africa’s wealthy allocate their capital, arguing that investment in factories and productive businesses would have a greater economic impact than spending heavily on luxury assets.

Keystone Bank has been appointed a Receiving Agent for the Dangote Refinery public offer, allowing eligible investors to subscribe for shares through the bank’s approved channels.

Investors are preparing for continued market volatility as geopolitical tensions, oil prices and changing interest-rate expectations reshape the global outlook.

Rising crude oil and logistics costs are putting fresh pressure on petrol prices in Abuja and other Nigerian inland markets.

Saudi Arabia has temporarily shut down its strategic East-West oil pipeline after several drones launched from Iraqi territory targeted the facility, causing injuries and damage, authorities said.

The return of triple-digit oil prices is creating a new opportunity for Nigeria while raising questions about fuel costs, government revenue and economic stability.

The Nigeria Police Force National Cybercrime Centre has arrested 27-year-old Hafsat Abubakar following an investigation into a fabricated notice claiming OPay would shut down its services.