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VideoVideo: NairametricsTV on YouTube

Economy · Video

Dangote refinery posts $4.73bn nine-month profit as revenue jumps 144%

Unaudited figures show the Lekki refinery swung from a $117.2m loss to a $4.73bn profit in nine months, as its ₦2.15trn IPO runs to 27 October.

Dangote Petroleum Refinery made a net profit of $4.73 billion in the nine months to 30 September 2026, reversing a loss of $117.2 million in the same period of 2025, according to unaudited results released in Lagos on Tuesday, 13 October 2026, and reported by Arise News, ThisDay and Nairametrics. Revenue rose by 144 per cent to $22.48 billion, from…

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  1. Iran's foreign minister unveiled the roadmap at the UN General Assembly on Friday
  2. Trump rejected it on Saturday but on Sunday said he expected more talks this week
  3. Brent crude settled at $104.32 a barrel on Friday
Gist Reel

World · 3 min read

Trump rejects Iran’s seven-day plan to reopen the Strait of Hormuz

Iran offered to reopen the vital oil route in return for sanctions relief and an end to the US naval blockade. Washington said no, for now.

Updated 10:03 WAT, 30 Sep 2026: Iran has received a US response to its seven-day plan through Qatari mediators, and President Masoud Pezeshkian's cabinet discussed it on Wednesday. Hopes of an early end to the nearly seven-month stand-off over the Strait of Hormuz dimmed at the weekend after US President Donald Trump rejected a peace roadmap put forward by Iran.…

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