Dangote Reveals Plans to More Than Double 650,000 bpd Oil Refinery to 1.4 Million bpd Set to list 10% of company’s shares by next year S&P reports oil firm secured $4bn critical financing agreement in August Says company pursuing Middle Eastern partners 40,000 bpd upstream assets to begin production by end of October
Emmanuel Addeh in Abuja The 650,000 barrels per day
Dangote Refinery is set to more bpd, becoming the world’s bpd refinery in Jamnagar, India. (DIL), Aliko Dangote, told S&P ment of the $20 billion refining than double its current refining largest refining facility and President and Founder of Global Commodity Insights, in capacity to about 1.4 million surpassing the 1.36 million the Dangote Industries Limited an interview, that the manageContinued on page 9 Thursday 23 October, 2025 Vol 30. No 11155. Price: N400
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Yusuf Tuggar: Tinubu Pursuing Nigeria’s Strategic Autonomy Amid Trump’s Tariffs, China Ties
Says world must show respect in trade with Nigeria, other African nations Denies Christian persecution claims Reiterates Nigeria will not accept deportees from US Says tariffs imposed by US do not markedly harm the country
Emmanuel Addeh in Abuja
Nigeria’s Minister of Foreign maintained that President Bola strategic autonomy amid tariffs well as the country’s relationship Affairs, Yusuf Tuggar, yesterday Tinubu is pursuing Nigeria’s imposed by the United States as with China.
Besides, the minister noted Continued on page 9
To Plug Revenue Leakages, Boost Transparency, FG Unveils Treasury Receipt Wale Edun: Initiative will ensure every kobo due to government is digitally tracked, fully reconciled, says effort to safeguard national resources Treasury receipt to function alongside central billing system Ndubuisi Francis and James Emejo in Abuja The federal government has launched Federal Treasury Receipt (FTR), a groundbreaking reform offering a single, standardised, and digitally verifiable proof of all payments into federal coffers. The system aims to ensure
that every government-issued receipt directly corresponds to funds received into government accounts, thus, strengthening accountability, closing revenue leakages, and improving public trust in the management of national resources. FTR is being deployed alongside the Central BillContinued on page 9
TINUBU WELCOMING MBAH TO the APC...
President Bola Ahmed Tinubu (r) receives welcoming Enugu State Governor, Mr Peter Mbah at Presidential Villa Abuja, yesterday, first visit to the President since officially joining the All Progresses Congress, APC last week PHOTO: State House