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  • Governor Peter Mbah Inspects Enugu-Opi-Nsukka Road Dualisation Project, Commends Progress

    Governor Peter Mbah Inspects Enugu-Opi-Nsukka Road Dualisation Project, Commends Progress

    ENUGU, NIGERIA – Enugu State Governor, Peter Ndubuisi Mbah, on Friday conducted an unscheduled inspection of the ongoing 44.1-kilometre Enugu-Ugwogo Nike-Opi-Nsukka dual carriageway project being executed by the state government.

    Speaking to reporters after the tour, Governor Mbah expressed satisfaction with the pace and quality of work on what he described as a critical socio-economic infrastructure project for the state. “We have paid close attention to the quality because this will serve as a major highway once completed. We are equally focused on the timeline, as we have given the contractor a strict deadline,” he said.

    Reaffirming the government’s agreement with COMAG Construction, the governor noted that the project is scheduled for completion in October 2026. He explained that his presence on site was to personally verify progress and ensure adherence to timelines and standards. “We do not want to sit back in our offices and later be disappointed. Our team is here to confirm that the project is being executed according to plan. We are satisfied with the speed, and I am confident the contractor will deliver,” Mbah added.

    The governor also highlighted additional measures agreed upon with the contractor, including quick fixes and the establishment of a forward operating base to address emerging needs. He further emphasized his administration’s proactive approach to security, noting his visits to flashpoints across the state to restore public confidence. “The primary responsibility of every government is to ensure the safety of its citizens. That is why I deemed it necessary to visit these areas and put measures in place to eliminate threats,” he said.

    Cosmas Agu, Chief Executive Officer of COMAG Construction, expressed appreciation to the governor for releasing funds promptly, assuring that the company is committed to meeting the October 2026 deadline. “We have the funding, equipment, and experienced engineers on ground. As you can see, we have gone through the road with the governor today, and there is no cause for concern,” Agu stated.

    Since assuming office, Governor Mbah has pursued ambitious development projects under his “Tomorrow is Here” agenda. Enugu State has earned recognition for initiatives such as the Enugu Air project, smart schools, innovation and technology hubs, and other infrastructure designed to drive sustainable growth.

    Earlier this week, the governor commissioned a $20 million Haier Group factory in Enugu, READ MORE HERE further underscoring his administration’s commitment to industrialization and investment. Mbah’s broader vision is to transform Enugu into a leading hub for business, tourism, and quality living, with a target of increasing the state’s Gross Domestic Product (GDP) from $4.4 billion to at least $30 billion within the next 4 to 8 years.

  • Dangote Promotes Daughters in Business Repositioning Strategy

    Dangote Promotes Daughters in Business Repositioning Strategy

    LAGOS, NIGERIA (Newpost Africa): Nigeria’s leading businessman and Africa’s richest person, Aliko Dangote, has promoted his three daughters to senior executive positions within the Dangote Group as part of a succession and growth strategy aimed at repositioning the conglomerate. The move follows the company’s announcement of its vision to become a $100 billion enterprise by 2030.

    According to the new leadership structure, Ms Halima Dangote will oversee the Family Office and international operations in Dubai and London, Ms Fatima Dangote will lead commercial operations in oil and gas, while Ms Mariya Dangote will head the cement and food businesses.

    The Dangote Group remains one of Africa’s most diversified conglomerates, with interests in cement, sugar, flour, salt processing, packaging, and logistics. Its flagship company, Dangote Cement, is the continent’s largest producer, with plants across Nigeria and other African countries. Beyond food and construction, the group has expanded into oil refining and petrochemicals, notably through the Dangote Refinery in Lagos—one of the largest single-train refineries in the world. It also invests in fertiliser production, real estate, and agriculture, reinforcing its role as a driver of industrialisation and economic growth across Africa.

  • Amaechi Warns of 25% Deductions Under New Tax Law

    Amaechi Warns of 25% Deductions Under New Tax Law

    ABUJA, NIGERIA: Opposition figure and 2027 presidential aspirant Rotimi Amaechi has cautioned Nigerians against re-electing President Bola Ahmed Tinubu, warning that the administration intends to implement a controversial tax policy after the forthcoming elections. Speaking during a campaign event in Abuja over the weekend, the former Rivers State governor and ex-Minister of Transportation told traders that under the new law, “every payment made to you, 25% will be deducted by 2027.”

    Amaechi alleged that the ruling party had delayed implementation of the measure until after the polls, adding: “If you receive ₦100 million for goods you sold, ₦25 million will be deducted from your bank account immediately. By January–February next year, all of you will be in trouble if the APC wins.”

    Nigeria’s new tax laws, which came into effect on January 1, 2026, represent the most ambitious fiscal overhaul in the country’s history. The reforms consolidate multiple statutes—including the Companies Income Tax Act, Personal Income Tax Act, Value Added Tax Act, and Capital Gains Tax Act—into a single streamlined regime. While the legislation introduces significant exemptions for low-income earners and small businesses, Finance Minister Wale Edun has emphasised that the reforms are designed to broaden the tax base, stimulate economic activity, and support the federal government’s ambition of building a $1 trillion economy.

  • Enugu Govt, Haier Group Launch $20m Factory, Eyes $30m Expansion

    Enugu Govt, Haier Group Launch $20m Factory, Eyes $30m Expansion

    ENUGU, NIGERIA: The Enugu State Government has inaugurated the Enugu Haier Factory, a $20 million Foreign Direct Investment (FDI) project by China’s Haier Global Business Group in partnership with the state. The facility, located in Enugu city, positions the state as a hub for the production of smartphones, tablets, computers, smart boards, Android televisions, education and health technologies, and renewable energy solutions for electricity, agriculture, and transportation.

    Under the partnership, the state provided land for the factory’s infrastructure and will serve as its largest customer, purchasing 25,000 all-in-one desktops and 300,000 tablets to power its 260 Smart Green Schools. Governor Peter Mbah described the investment as a milestone in his administration’s drive to reposition Enugu as a premier destination for industry and innovation, with a vision to grow the state’s economy from $4.4 billion to $30 billion.

    “This partnership represents the convergence of vision, innovation, and opportunity—to generate Made in Enugu technologies that compete globally, while enabling us to support key local sector developments,” Mbah said. He added that the initiative reduces import dependence, lowers costs, ensures sustainability, and builds local capacity. He also praised President Bola Tinubu’s economic policies, noting that steady inflows of FDIs reflect improved macroeconomic stability, a stronger naira, rising foreign reserves, and easing inflationary pressures.

    Haier Group Vice President Sun Yongle announced that the factory will produce 200,000 units annually across ICT, medical equipment, and new energy product lines, employing about 100 workers initially, with plans to expand to over 200 employees. He emphasised that this is only the first stage of Haier’s investment in Enugu, with future cooperation expected in agriculture, mining, and transportation. Total investment is projected to exceed $30 million. “Our goal is for our products to be not only Made in Enugu, but also Designed in Enugu, with management and technical teams mainly composed of local professionals,” Yongle stated.

  • Dangote Group Unveils Vision 2030, Signs $400m Agreement with China’s XCMG

    Dangote Group Unveils Vision 2030, Signs $400m Agreement with China’s XCMG

    LAGOS, NIGERIA: The Dangote Group has unveiled its Vision 2030 strategy, outlining plans to transform into a $100 billion pan-African industrial powerhouse by the end of the decade. In a statement released Monday, the conglomerate emphasised its commitment to “deepening investments across the continent, strengthening human capital, reducing import dependence, creating jobs, and advancing sustainable industrialisation.”

    Demonstrating its resolve, the Group announced the signing of a $400 million agreement with China’s XCMG Construction Machinery Co., Ltd. to acquire advanced construction equipment. The deal is expected to accelerate the expansion of the Dangote Petroleum Refinery and Petrochemicals, which recently achieved recognition as the world’s largest oil refinery. The current output of 650,000 barrels per day is projected to rise to 1.4 million barrels per day under the expansion plan.

    Beyond crude refining, the agreement will boost production of key byproducts. Polypropylene output is expected to increase from 900,000 metric tonnes per year to 2.4 million, while Nigeria’s urea production capacity will scale from 3 million to 9 million metric tonnes annually. The Group described these milestones as central to its broader industrial vision, positioning Nigeria as a global hub for energy and petrochemicals.

  • SpaceX’s Starlink gets nod for satellite internet in Vietnam

    SpaceX’s Starlink gets nod for satellite internet in Vietnam

    Vietnam’s government has allowed SpaceX to launch its Starlink satellite internet service in the country, state media reported on Saturday.

    The report said the Ministry of Science and Technology granted Starlink’s local unit a license to provide both fixed and mobile satellite internet services. The company was also granted a license to use radio frequencies and radio equipment. The ministry did not immediately respond to a request for confirmation outside business hours.

    The approval came ahead of an expected visit next week of Vietnam’s top leader To Lam to the United States to attend the inaugural meeting of U.S. President Donald Trump’s Board of Peace initiative to address global conflicts. The trip has not been officially announced.

    Last year, Vietnam’s government said it would allow SpaceX to operate its internet service on a trial basis.

    Local media said it was not clear when Starlink would launch its services in Vietnam. SpaceX did not immediately respond to a request for comment on a weekend. Vietnam and the U.S. are negotiating a trade deal after Washington imposed 20% tariffs on Vietnamese goods in August. The two sides held their sixth round of talks earlier this month, but have not announced an agreement.

  • Mbah Hosts Chartered Institute of Taxation, Vows to Convert Revenue into Visible Development

    Mbah Hosts Chartered Institute of Taxation, Vows to Convert Revenue into Visible Development

    ENUGU, NIGERIA: Governor Peter Mbah of Enugu State has reaffirmed his administration’s readiness to collaborate with the Chartered Institute of Taxation of Nigeria (CITN) in driving the effective implementation of the recently introduced Tax Reform Acts by the federal government.

    Hosting the CITN leadership, led by its president, Innocent C. Ohagwa, at the Government House, Enugu, on Thursday, the governor emphasised the importance of ensuring that the new tax laws are fully operational in the state.

    The visit formed part of the institute’s nationwide sensitisation programme aimed at educating citizens on the new tax reform policies. The South-East sensitisation exercise was jointly organised by CITN and the Enugu State Internal Revenue Service.

    According to Governor Mbah, “Strengthening our tax system is about fairness, accountability, and building a state that works for everyone.”

    Between 2023 and 2025, Enugu State’s internally generated revenue (IGR) witnessed unprecedented growth. In 2023, the state recorded about ₦37.4 billion, which rose sharply to ₦180.5 billion in 2024 following reforms that expanded the tax net and introduced technology-driven revenue collection. By 2025, the figure had climbed to ₦406.8 billion, representing a 125% increase from the previous year and achieving 80% of the ₦509.9 billion target set for that fiscal year. This remarkable turnaround was largely driven by non-tax revenue sources and structural reforms aimed at building fiscal resilience and sustainability.

    Governor Mbah reiterated his commitment to transparency and innovation in revenue management, stating: “We remain committed to a transparent, technology-driven revenue system that eliminates leakages, broadens the tax base fairly, and converts revenue into visible development for our people.”

  • Dangote Refinery Achieves 650,000 bpd Capacity, Becomes World’s Largest

    Dangote Refinery Achieves 650,000 bpd Capacity, Becomes World’s Largest

    LAGOS, NIGERIA: The Dangote Refinery has announced a major milestone in Nigeria’s quest for energy security, confirming that it has reached full operational capacity of 650,000 barrels per day (bpd). With this achievement, the Lagos-based facility is now recognised as the world’s largest oil refinery.

    In a statement released Wednesday, July 11, 2026, the company said the milestone was attained after the refinery successfully scaled up to full operations.

    The Dangote Refinery, conceived in 2013 by Nigerian industrialist Aliko Dangote with initial financing of $3.3 billion, was designed to reduce Nigeria’s dependence on imported petroleum products. Construction began in 2016 at the Lekki Free Trade Zone near Lagos, with total investment eventually exceeding $19 billion.

    Built as the world’s largest single-train refinery, the project faced years of delays due to financing challenges, equipment logistics, and regulatory hurdles. In 2021, the Nigerian National Petroleum Company (NNPC) acquired a 20% stake to secure crude supply agreements. By December 2023, the refinery received its first crude shipment, and in May 2023 it was officially inaugurated. Operations commenced in early 2024, marking a turning point in Nigeria’s energy sector.

    With its current capacity, the refinery is expected to meet Nigeria’s domestic fuel demand and export surplus products, positioning the country as a key player in global energy markets.

    PICTURE CREDIT: Dangote Industries Limited

  • Sanwo-Olu presents 3 trillion Budget of Sustainability to House of Assembly

    Sanwo-Olu presents 3 trillion Budget of Sustainability to House of Assembly

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    agos State agos State Governor, Babajide Sanwo-Olu, on Thursday, presented the state’s 2025 budge to the House of Assembly. The financial plan totalling N3.005 trillion is the biggest ever in the history of Nigeria’s southwest state and the commercial epicentre of the country.

    The total figure in the 2025 budget represents a 32.5% increase from the 2024 budget of N2.3 trillion

    While explaining key financial elements in the document, the governor noted that N908.7 billion is allocated to capital investment, covering areas such as tourism, agriculture, transportation, and deepening of the infrastructure revamping and modernisation drive of the state for sustainable development.

    Besides infrastructure sustainability, economic diversification, social inclusion, human capital development, and environmental sustainability also received robust financial attention in the budget in response to the global climate change crisis.

    The Governor also praised his administration’s performance in many sectors of the economy and road construction, announcing that his administration would commission soon 30 road projects and bridges. He also mentioned a partnership with “the Federal Government to initiate the development of the 68-km Green Line, connecting Marina to the Lekki Free Trade Zone.”

  • Apple makes $100 mln investment proposal for new plant in Indonesia

    Apple makes $100 mln investment proposal for new plant in Indonesia

    (Reuters)

    Tech giant Apple (AAPL.O), opens new tab has made a $100 million investment proposal to Indonesia to build a plant to manufacture accessories and components, the industry ministry said on Wednesday.

    The proposal comes after Indonesia banned sales of Apple’s iPhone 16 over the firm’s failure to meet local rules on components. Indonesia requires certain smartphones sold domestically to comprise at least 40% locally-made parts.

    The trade ministry will meet on Thursday to discuss Apple’s proposed West Java plant, its spokesperson Febri Hendri Antoni Arif said in a statement.

    “By holding a meeting on Thursday, this means that the industry minister welcomes Apple’s investment commitment,” he said.

    Apple has no manufacturing facilities in Indonesia, but has since 2018 set up application developer academies with a combined cost of 1.6 trillion rupiah ($99 million).

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    Apple did not immediately respond to a request for confirmation.

    Indonesia has also banned sales of smartphones made by Alphabet’s (GOOGL.O), opens new tab for a similar reason.