H

THE PROJECT HERALD
The Intelligence Ledger of
Projects, Capital, Companies and Policy

Business

Dangote Signs $800m Contract with China's Sinoma to Double Itori Cement Capacity

Dangote Refinery Hits 700,000 Bpd Processing Capacity

Business /

Lagos, Nigeria — Dangote Petroleum Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd and reinforcing its position as the world’s largest single-train refinery. The milestone was achieved during a performance test conducted by the refinery’s process licensors, marking a significant […]

Dangote Refinery Hits 700,000 Bpd Processing Capacity Read More »

Aviation Agencies Face Cash Crunch Over Deductions

Stakeholders Warn Revenue Deductions Could Push Aviation Agencies Into Financial Crisis

Business /

Stakeholders in Nigeria’s aviation industry have raised concerns over continued government deductions from the internally generated revenue of aviation agencies, warning that the policy could push some agencies into serious financial difficulties. Industry operators, unions, and aviation experts say the deductions are reducing the funds available for critical operations, maintenance, infrastructure upgrades, and safety-related activities.

Stakeholders Warn Revenue Deductions Could Push Aviation Agencies Into Financial Crisis Read More »

Unstable Cocoa Prices Raise Fresh Concerns for Farmers

Cocoa Farmers Raise Alarm Over Persistent Price Volatility

Business /

African cocoa farmers have expressed growing concern over persistent fluctuations in global cocoa prices, warning that continued market instability is threatening livelihoods, discouraging investment, and slowing development across the cocoa value chain. The concern was raised by the Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) ahead of the Cocoa & Coffee Fiesta Lagos

Cocoa Farmers Raise Alarm Over Persistent Price Volatility Read More »

Great Idea, No Money: How Projects Can Still Succeed

Great Idea, No Money: How Good Projects Can Still Become Reality

Business /

Across Nigeria, thousands of promising projects never move beyond the idea stage. Some are community projects. Some are businesses. Others are educational initiatives, technology solutions, agricultural ventures, or infrastructure plans. In many cases, the problem is not a lack of ideas or ambition. The problem is funding. The question many project owners face is simple:

Great Idea, No Money: How Good Projects Can Still Become Reality Read More »

CBN Scraps Pandemic-Era Dollar Account Restrictions as Forex Liquidity Improves

CBN Scraps Pandemic-Era Dollar Account Restrictions as Forex Liquidity Improves

Business /

The Central Bank of Nigeria (CBN) has removed several foreign exchange restrictions introduced during the COVID-19 pandemic, marking another step in its efforts to improve access to foreign currency and strengthen confidence in Nigeria’s foreign exchange market. The move comes as the apex bank says dollar liquidity has improved significantly, reducing the need for some

CBN Scraps Pandemic-Era Dollar Account Restrictions as Forex Liquidity Improves Read More »

Cross River Targets ₦150bn Agribusiness Investment Deal

Cross River Targets ₦150bn Agribusiness Investment, Secures ₦18bn Produce Offtake Deal

Business /

Cross River State has announced plans to attract ₦150 billion in agribusiness investments over the next six years as part of a broader strategy to transform agriculture into a major driver of economic growth, job creation, and food security. The target was disclosed during a stakeholders’ engagement on Project GROW, an agricultural development initiative aimed

Cross River Targets ₦150bn Agribusiness Investment, Secures ₦18bn Produce Offtake Deal Read More »

images (2)

Dangote Refinery Emerges World’s Largest Jet Fuel Exporter

Business /

Nigeria’s Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel, marking a major milestone for both the company and the country’s energy sector. According to reports citing S&P Global Commodities at Sea data, the refinery became the world’s biggest aviation fuel exporter in April 2026 after significantly increasing production to meet

Dangote Refinery Emerges World’s Largest Jet Fuel Exporter Read More »

CBN Ends Forbearance as Banks Record Rise in Bad Loans

CBN Ends Forbearance as Banks Face Rise in Bad Loans

Business /

Nigeria’s banking sector is coming under fresh pressure following the Central Bank of Nigeria’s decision to end regulatory forbearance introduced during the COVID-19 period, a move that has led to a noticeable increase in bad loans across the industry. According to the CBN’s January 2026 Economic Report, the banking sector’s non performing loans ratio rose

CBN Ends Forbearance as Banks Face Rise in Bad Loans Read More »

Governors Consider N100,000 Minimum Wage for Workers

Governors Consider N100,000 Minimum Wage as Cost of Living Continues to Rise

Business /

Nigerian state governors are considering a proposal to increase the national minimum wage to N100,000 as workers across the country continue to grapple with rising living costs and economic hardship. The development was disclosed by the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, who said discussions are ongoing between

Governors Consider N100,000 Minimum Wage as Cost of Living Continues to Rise Read More »

Africa's $100M Tech Investment Could Change Startup Growth

Africa Is Putting More Money Into Its Own Startups. Here’s Why It Matters

Business /

For years, one of the biggest challenges facing African startups has not been a lack of ideas. It has been access to capital. Across the continent, entrepreneurs have built businesses that are solving problems in finance, agriculture, healthcare, logistics, education, and technology. Many of these companies have gone on to attract international attention and millions

Africa Is Putting More Money Into Its Own Startups. Here’s Why It Matters Read More »