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Dangote Group Unveils Bold Export Growth Strategy for Nigeria

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Aliko Dangote, president of Dangote Industries Limited (DIL), Africa’s richest man, has announced plans to increase Nigeria’s export capacity with an ambitious project that focuses on fertilizer exports that may generate up to $7 million per day.

Dangote referred to his export strategy as an unprecedented business endeavor for Nigeria while speaking at the Nigerian Ports Authority (NPA) headquarters in Lagos.

“We will be exporting roughly 16,000 tons of fertilizer over the next two years,” he stated. That amounts to roughly $6.5 million to $7 million in revenue that will be entering the nation every day. We want to export about eight cargoes of fertilizer.

With an annual production capacity of three million metric tonnes, the Dangote Fertilizer factory is Africa’s largest granulated urea producing complex. This facility has been essential in supporting Nigeria’s agricultural sector and reducing reliance on imported inputs.

The vision of the business tycoon goes much beyond the shipping of fertilizer. In an interview with NPA director Abubakar Dantsoho on Sunday, he presented detailed plans to increase exports of a variety of products, such as cement, coal, polypropylene, and various petroleum derivatives.

“Our export business will soon be greatly expanded. As some of you may know from visiting our cement factory in Itori, we already export cement from Nigeria. He said that his company would start exporting coal in a few weeks and stated, “We have a whole factory of six million tons for cement export.”

More than 25 million tons of various products will be exported from the enormous $20 billion petroleum refinery, which is presently in operation. Among other things, these cargoes will include up to 700,000 metric tons of polypropylene.

Dangote explained the unusual scope of the planned maritime operations in the Lekki area. A million barrels of crude oil will be transported annually by 240 crude oil tankers, according to the expected operations. Furthermore, more than 600 product carriers and a large number of fertilizer delivery ships will be needed for the activities.

He declared, “This is an operation that has never, ever been seen in the country.” “However, if NPA fails to provide us with the services we require, our operations will collapse.”

The industrialist emphasized that more government support for the ports authority’s growth plans is crucial to its implementation. He emphasized the need for more maritime resources and equipment.

Read Also: Nigerian Exchange Reaches New Peak as Investors Add N583bn

“With their own hands, the [NPA] will not be able to perform these tasks. They must have the necessary tools. “They need more tugboats,” he said.

In order to guarantee the authority obtains sufficient government support, Dangote is dedicated to promoting institutional aid.

He went on to say, “We will also be putting in a few words in the necessary quarters to make sure that NPA gets all the necessary assistance from the Federal Government.”

NPA Director Dantsoho underlined the authority’s dedication to meeting the growing maritime needs of the Dangote Group, acknowledging their significance for the growth of Nigeria’s blue economy and marine industries.

Dangote’s initial projections of 600 vessels per year have already been exceeded by current port activities. Since October 1, 2024, the authority has handled and processed more than 57 vessels every month, surpassing initial projections.

That exceeds the projection. In the upcoming year or two, Nigerian ports’ operations will undoubtedly quadruple, Dantsoho said.

Authorization has been secured for new deep-water port developments in Ibom, Bakassi, Olokola, Ondo, and Badagry locations, while infrastructure upgrades at Tin-Can and Apapa port facilities are expected to start in the third quarter.

The administration is worried about these additional ports. We’ll start to notice that these ports will materialize very soon,” he stated.

This extensive export growth is a game-changer for Nigeria’s trade profile, with the potential to establish the nation as a significant exporter in a number of industrial areas. Combining fertilizer, cement, petroleum products, and other commodities might greatly increase foreign exchange profits and improve Nigeria’s standing in international markets.

Coordination between government and private sector infrastructure development, especially in port facilities and maritime support services, will be crucial to the success of these initiatives.

Nigerian Exchange Reaches New Peak as Investors Add N583bn

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This week, the Nigerian Exchange (NGX) had a solid performance, with market participants adding ₦583 billion in value, sending the All-Share Index to previously unheard-of heights.

Investor confidence has been steadily increasing since Monday’s trading session, when it started to gain speed.

With a strong 0.85% increase of 924.50 points, the benchmark index closed at a record high of 109,953.12. The durability of Nigeria’s capital market is demonstrated by this milestone, which also indicates the growing optimism among market participants.

Even though prices were rising, trade activity was trending in the opposite direction. There was a 34.98% fall in transaction volumes and a 38.78% decline in the overall trade value. 637.54 million shares valued at ₦11.09 billion were exchanged in 19,775 trades, according to market statistics.

The market’s growth was fueled by a number of mid-tier and blue-chip businesses. The session’s best performer was ARADEL, which recorded remarkable gains of 9.98%. Other noteworthy performers were CILEASING (+7.32%), LINKASSURE (+8.16%), ABCTRANS (+8.43%), and UPL (+9.86%).

ARADEL, BUAFOODS, and other high-quality equities attracted investors’ attention, and the increase was bolstered by judicious purchases in good businesses. The overall growth in market capitalization was greatly aided by this selective approach.

The largest trading volume, representing 11.36% of all stock transactions, was FIDELITYBK. The next-highest volume activity was 9.02% for CUSTODIAN and 8.73% for ACCESSCORP. Rounding out the top five most active stocks by volume were GTCO and ZENITHBANK.

Despite varying sectoral performance, GTCO led in value terms with 15.76% of overall trade value, indicating sustained interest in big banking stocks.

Read Also: Army Verifies Explosion at Mogadishu Cantonment Bus Stop in Abuja

At the end of the day, there was a positive market breadth, with 33 rising equities and 29 falling items. At -10.00%, TRIPPLEG led the decliners, indicating that not all stocks took part in the gain. Other noteworthy losers were VFDGROUP (-9.32%), MRS (-9.97%), and CUSTODIAN (-9.63%).

In all five of the major indicators, sectoral performance showed a varied picture. Despite consumer goods rising 2.20%, the oil and gas industry saw robust gains of 3.02%. Banking, on the other hand, fell by 0.02% while the insurance industry fell by 1.06%. The manufacturing sector did not change.

A growth of 0.85% was achieved by the whole market capitalization, which increased by ₦582.90 billion, bringing the total above ₦69 trillion. This performance indicates a consistent level of investor confidence in Nigeria’s economic prospects and reflects their hunger for high-quality stocks.

Selective buying patterns and record-high index levels point to a mature market where investors are becoming more interested in intrinsic value than speculative trading. For the long-term growth and stability of the market, this tendency is encouraging.

Army Verifies Explosion at Mogadishu Cantonment Bus Stop in Abuja

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The Nigerian confirmed that an explosion occurred at the Mogadishu cantonment in Abuja.

According to a statement posted on its X feed @HQNigerian Army (previously Twitter), the explosion occurred at a bus stop across from the cantonment.

It claimed that the situation had been brought under control.

” Explosion at bus stop opposite Mogadishu cantonment, Abuja. The situation has been under control.

Police confirm explosion in the FCT and initiate investigation.

Alaso, The Federal Capital Territory (FCT) police headquarters has confirmed an explosion along the heavily trafficked Mararaba-Nyanya bypass.

According to Josephine Adeh, Public Relations Officer for the FCT Police Command, the incident occurred at around 2:50pm on Monday and was quickly reacted to by officers from the Explosive Ordnance Disposal (EOD) Unit, who were promptly dispatched on the scene.

She stated that the damaged area was promptly sealed off for removal and examination to ensure commuter and resident safety.

According to Adeh, police rescued a male victim at the scene and transported him to the hospital, where he is currently receiving medical attention.

The statement reads: “On May 26th, 2025, at around 2:50 PM, the FCT Police Command received a distress call about an explosion on the Mararaba-Nyanya bypass.

“After receiving the report, officials from the Explosive Ordnance Disposal (EOD) Unit were dispatched to the scene. The damaged area was quickly cordoned off for clearance and examination to protect the safety of commuters and residents.

“One male victim was rescued on the spot and immediately sent to the hospital, where he is currently receiving medical attention.

Read Also: BreakinG: FCTA Closes PDP Headquarters In Abuja

“A thorough investigation has begun, including forensic analysis, to determine the exact cause and nature of the explosion.

“The FCT Police Command advises the public to remain calm and carry out their lawful activities without fear, as there is currently no cause for concern.

“Residents are also urged to remain watchful and instantly report any suspicious persons, objects, or movements to the nearest police station, or contact the Command via the following emergency lines:

08032003913, 08028940883, 07057337653.

BreakinG: FCTA Closes PDP Headquarters In Abuja

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The Federal Capital Territory Administration (FCTA) has shut off the headquarters of the Peoples Democratic Party (PDP) in Abuja’s Wuse district.

The building was sealed at roughly 2:05 PM on Monday.

FCTA officials were claimed to have arrived at the scene and directed the security guard to consult with the appropriate authorities.

Read Also: 2027: Atiku, PDP React Sharply to APC Governors’ Support for Tinubu’s Re-election Bid

The FCTA said this week that it will begin taking ownership of 4,794 properties that have been revoked due to non-payment of ground rent for periods ranging from 10 to 43 years, beginning Monday, May 26, 2025.

The administration stated that they will take custody of these assets regardless of their ownership status.

Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to FCT Minister Nyesom Wike, along with the Director of Land Administration, Chijioke Nwankwoeze, and the Director of the Department of Development Control, Mukhtar Galadima, made the announcement during a news conference in Abuja on Friday.

Recall that on March 19, 2025, the administration withdrew the Wadata Plaza, which acts as the Peoples Democratic Party’s (PDP) national secretariat in Wuse Zone 5, due to repeated failures to pay ground rent.

2027: Atiku, PDP React Sharply to APC Governors’ Support for Tinubu’s Re-election Bid

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Recent endorsements of President Bola Tinubu by governors and All Progressives Congress (APC) stakeholders have been rejected by former Vice President Atiku Abubakar and the Peoples Democratic Party (PDP).
Ahead of the 2027 elections, they were said to have labeled them as symptoms of desperation and panic. The opposition leaders are still optimistic that the ruling party would be defeated by their coalition.
Regardless of Tinubu’s support, Atiku’s media adviser, Paul Ibe, stated his strong optimism that the alliance can contest and win the general elections in 2027.

Ibe said that the alliance is unfazed by political wrangling and compared its position to that of a student who has studied hard for an exam, according to Vanguard.

“You can sleep well the night before a test and wake up certain that you can pass if you’ve studied hard for it. That’s our coalition’s stance,” Ibe stated.

The Nigerian people, not the ruling party’s political maneuvers, will be the real judges of the 2027 election, he continued.

Ibe added, “This administration’s terrified mood is evident in the recent endorsements. Insurgents are regaining territory in Borno State and other areas, causing an unprecedented level of insecurity. Due to the exorbitant cost of living, families are finding it difficult to cover their basic expenses. But instead of addressing these pressing problems, the government has mostly concentrated on playing political games.

Along with accusing Tinubu’s administration of using anti-corruption agencies to pressure opposition politicians into joining the APC, he said that political pressure was the primary cause of many of these defections rather than ideological reasons.

“Ideology or preference for the APC are not the driving forces behind these defections,” Ibe claimed. They are forcing politicians to join the ruling party and holding them captive. Former governors and the current administration are targeting some for corruption, forcing them to pay a ransom that shows up as defections.

“Defectors are being pressured in Delta State and other places by means of the so-called ‘quiet bomb.'”

Read Also: Coalition Agenda Merely a Performance for Tinubu – APC’s Eta on El-Rufai

Crisis Denied, Endorsements Criticized by PDP
In his comments, PDP National Organizing Secretary Umar Bature also said that endorsements do not ensure election success.

He brought up the fact that former President Goodluck Jonathan lost the 2014 election even though he had the support of 21 governors.

According to Bature, Tinubu has 22 supporters. Don’t worry about anything. The only thing left to do is wait. Whether you have done the right thing for the country is the question, not whether you have been endorsed. Promotions are only for show. They are used when people realize they aren’t acting in the best interests of the people they purport to represent. A crisis does not exist. Simply put, members are voicing their opinions. Time will tell whether or not they declare their desire to leave the party. These problems will be resolved on their own.

Coalition Agenda Merely a Performance for Tinubu – APC’s Eta on El-Rufai

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After failing to get a position in the current administration, former Kaduna State Governor Nasir El-Rufai chose to join the effort to establish a coalition against President Bola Tinubu, according to former All Progressives Congress (APC) National Vice Chairman Hilliard Eta.
El-Rufai, former Vice President Atiku Abubakar, and Peter Obi, the Labour Party’s (LP) 2023 presidential candidate, were reportedly leading the effort to establish a coalition against Tinubu.
There is nothing unique about El-Rufai, Eta said during an appearance on AIT Focus Nigeria, emphasizing that he and other individuals played a bigger role in electing Tinubu as president than the former governor.

Read Also: Abuja Estate Residents Panic Over Kidnap Invasion

Tinubu is an expert at establishing alliances, the APC chieftain said, dismissing the coalition move.
He stated that the most of them were once friends of the current president, and individuals such as El-Rufai believed he may be appointed Minister under Asiwaju.

You raise the question of whether El-Rufai would be working on coalition today if he had been minister at the time. He would undoubtedly be showing Nigerians his report card at this point in his government, whether he wants to or not.

“Let me tell El-Rufai that if we couldn’t be ministers, why should he be special? People like us played a bigger role in the president’s creation than he did.

Individuals like Kwankwaso and Aregbesola were strong allies of Tinubu; they are self-centered and narrow-minded.

“Keep in mind that this is the maestro of coalition building; he has been there since the days of NADECO. Keep that in mind while you are fighting and trying to construct a coalition.

Since self-preservation, not enlightenment, is what motivates many of our people to enter politics, what you are doing now is really a game for him. What makes you believe that it won’t come to you later if it hasn’t come to you yet? Even if it doesn’t affect you personally, everyone benefits when the nation improves.

Abuja Estate Residents Panic Over Kidnap Invasion

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A squad of highly armed kidnappers reportedly raided the Grow Homes estate in the Chikakore neighborhood of Kubwa, Abuja’s largest suburban town, on Monday morning and held residents hostage for more than an hour.

It is believed that the incident occurred between 12:00 AM and 1:30 AM.
One of the terrified inhabitants, who witnessed a man and a woman being kidnapped, claimed that by daylight, the lady had been discovered within the estate, having been freed by her captors for unknown reasons.

However, he was unable to determine how many people had been kidnapped.

“The incident occurred at 12 a.m. Those individuals were well-armed, and they outnumbered the local vigilante squad. The cops arrived around 1 a.m., and there was a 30-minute exchange of gunfire.

“We are requesting the authorities to fix this road so that security patrol cars may easily access it. We also beg the police and, of course, the FCT Administration to help us locate a station here for quick response,” the resident told Vanguard.

Meanwhile, the Edo State government has stated that Governor Monday Okpebholo and the State House of Assembly are united in taking a tough stance against the growing issue of kidnapping.

Fred Itua, the Governor’s Chief Press Secretary, stated this in a statement released last Thursday.

In a statement headlined “A STEP-BY-STEP BREAKDOWN OF NEW KIDNAPPING PROHIBITION LAW IN EDO STATE,” the administration stated that the Edo State House of Assembly enacted the Kidnapping Prohibition (Amendment) Law, 2025.

Read Also: 2027: Primate Ayodele Reveals 3 Powerful Nigerians Who Could Stop Tinubu’s Re-election

The Edo State government’s decision to implement such extensive and harsh actions sends a clear message that it would no longer tolerate illegal acts that violate the sanctity of human freedom.

“As the state implements the terms of this law, emphasis will be given on training law enforcement officers, sensitizing the judiciary, and informing the public about the ramifications of the modifications. This multifaceted strategy is required to ensure the law’s effectiveness and to create a safer Edo State where citizens can live without fear,” Itua said.

Tinubu Scores Just 10% – Buhari’s Former Minister Slams Current Administration

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Solomon Dalung, who served as Youth and Sports Minister under former President Muhammadu Buhari, has given the Bola Tinubu administration a low performance rating.
When assessing the state of affairs in the nation, Dalung bemoaned the fact that Nigeria had never experienced such a dire situation.
He said that the government has done a terrible job in its first two years in office and blamed President Tinubu’s administration for the economic problems that many citizens have experienced as a result of government policies.

According to reports, the former Minister claimed in an interview with Vanguard that the president had done a lousy job and that the impoverished Nigerians will punish him in the upcoming presidential election.

Read Also: What Atiku Told Peter Obi and Northern Delegation During Crucial Meeting

He claims that President Tinubu’s performance has fallen short of 10 percent.

Given that good governance improves people’s well-being and that openness, accountability, and justice are its indices, I believe that the nation’s level of good governance has never been worse than it is now, at least not in the last two years.

These three paradigms from the previous two years have vanished. Thus, the administration has done a lousy job if I were to rate them on good governance. Less than 10% is their score,” Dalung stated.

What Atiku Told Peter Obi and Northern Delegation During Crucial Meeting

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As coalition talks heat up ahead of the 2027 presidential election, former Vice President Atiku Abubakar and Peter Obi, the 2023 Labour Party presidential candidate, met with northern political leaders from across the 19 northern states on Thursday.
According to reports, hundreds of political figures from Abuja came together for the event, which was organized by the secretariat of the newly formed coalition and was sponsored by the National Political Consultative Group (NPCG) North.

Atiku Abubakar, a prominent supporter of opposition unity, reflected on his tenure alongside former President Olusegun Obasanjo during his speech.

In particular, he recalled how they responded to the Boko Haram insurgency, mentioning the directive given to military chiefs to either put an end to the insurgency or step down.

“This ultimatum was successful. In just a few weeks or months, the insurgency was crushed. It was finished by the time we left. I was totally taken aback. However, when we departed, it reappeared,” Atiku said, stressing that the problem was not entirely resolved.

Additionally, Atiku emphasized the administration’s initiatives to address police shortcomings, bringing up the notable underpolicing in Nigeria as documented by the UN.

“I told the president that Nigeria is woefully underpoliced,” What can we do, he asked? I informed him that there were other police colleges that had been shut down throughout the states and recommended that they be reopened with additional policemen. And that’s exactly what we did,” Atiku remembered.

Atiku continued by outlining how the Obasanjo government adopted a novel strategy for acquiring police weapons, avoiding onerous contracting processes and speaking with police personnel and diplomats directly to obtain necessary equipment.

But in spite of these initiatives, Atiku pointed out that Nigeria still has a terrible police-to-population ratio, with 340,000 officers charged with protecting 240 million people. He drew attention to the sharp contrast with Egypt, which has one million police officers for every 100 million citizens.

Atiku emphasized the necessity of thorough reforms in Nigeria’s security sector, saying, “These are challenges we must face head-on.”

Atiku then turned to education, considering the measures implemented to increase access, especially in the North, under the Obasanjo government. He referenced the Universal Basic Education Act, which mandated that all Nigerian children receive free primary and secondary education, as well as the implementation of an education tax to fund educational programs.

Read Also: Atiku, Peter Obi, Amaechi, & Other Top Coalition Leaders Hold Crucial Expanded Meeting in Abuja

While describing a trip to Daura, President Muhammadu Buhari’s hometown, where he saw the scope of the Almajiri situation, Atiku too broke down in tears.

“I almost cried,” he remarked. There were throngs of Almajiri children on the flight from Katsina airport to Daura. Many of our early republic leaders attended the erstwhile Katsina College, which is located here. Almajirai—young lads in their twenties, thirties, and forties, from Katsina to Daura and back again—have taken over it today, he claimed.

“These are highly important problems. They are about our kids and grandkids as well as us.

“Thank God I’ve lived my life,” I say to my kids. But you and your children are the focus of this. These difficulties must be addressed.