Dangote to Extend Business Footprint to Power Sector, Plans 20,000MW Plant Move set to tackle Africa’s chronic power deficit, boost industrial output Says dividends from Dangote refinery to be paid in dollars Oil prices slide below $100 as hope rises for US, Iran declares
Emmanuel Addeh in Abuja
Africa’s foremost industrialist,
Aliko Dangote, has disclosed plans to expand into the power sector with a target of generating
up to 20,000 megawatts (MW), as part of a strategy to accelerate industrialisation and economic
transformation across the continent. Dangote made this known during a high-level engagement with the
Managing Director of the International Finance Corporation (IFC), Maktar Diop, at the institution’s
headquarters, where he outlined his Continued on page 9 Thursday 7 May, 2026 Vol 31. No 11351. Price: N400
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Ted Turner, Billionaire CNN Founder, Pioneer of 24-hour News Culture Dies at 87... Page 9
Akpabio, Oshiomhole Clash as New Senate Leadership Eligibility Rules Oust Uzodimma Adedayo Akinwale and Sunday Aborisade in Abuja The senate was thrown into a mild
drama yesterday as Senate President Godswill Akpabio moved to rule on the votes and proceedings of the controversial amendments to the
Standing Orders, which restricted eligibility for presiding offices in 2027. The move sparked a fierce confrontation with Senator Adams
Oshiomhole. The highly emotional session exposed deep divisions in the upper chamber over the new rules,
which effectively barred senators, who were not members of the 10th Assembly, from contesting for positions, such as Senate President
and Deputy Senate President, in the 11th National Assembly. Continued on page 9
NUPRC: M’East Crisis Opens 10 Million bpd Oil Supply Window for Nigeria, African Countries
Invites investors to explore continent’s 125bbls oil, 625tcf gas reserve opportunities Says Nigeria leading with new multi-billion-dollar upstream projects, attractive fiscal, regulatory policies Declares reforms unlocking $10.38bn Zabazaba-Etan FID, 48 FDP approvals Story on page 9
THE NORRENBERGER CORPORATE SUSTAINABILITY REPORT LAUNCH...
L-R: Tajudeen Ahmed, Director at Society for Corporate Governance; Tony Edeh, Group Managing Director, Norrenberger; Jumoke Olaniyan, Group Chief Strategy Officer, NGX Group; Hajiya Samiya Hassan, Executive Commissioner, SEC; Mohammed Mijindadi, Non-Executive Director, Norrenberger, CBN Representative of the Governor; Mallam MK Ahmad, President Society for Corporate Governance and Pioneer DG at an event held in Abuja …yesterday