Business
FG In Talks With Australia For Training Nigerian Professionals In Solid Minerals
The Minister of Solid Minerals, Mr. Dele Alake has proposed a programme enabling Nigerian mining professionals to study modern mining technology and practices in Western Australia with the government’s support.
He made the request to Hon. Bill Johnston, the Minister for Mines and Petroleum, Energy, Corrective Services and Industrial Relations of the government of Western Australia, during a courtesy visit
Alake, who led the Nigerian delegation to the 21st Africa Down Under Mining Conference held in Perth, in Perth, Australia, acknowledged the progress achieved by the government of Australia in mineral development.
Alake said that Australia had acquired a lot of knowledge and skills in developing its modern mining industry, adding that Nigerians would benefit from training, study trips and exchanges of mineral professionals in its current effort to transform the sector.
Alake said the government had launched a roadmap to attract foreign direct investment by investing in big data on minerals and the quantum of their deposits, forming a solid minerals corporation and joint venture agreements with multinationals in mining to enable the sector to compete globally.
He informed the minister that Nigeria has vast deposits of precious minerals, including lithium, gold, coal, lead, zinc, baryte and iron ore.
In response, Hon.Johnston appreciated the courtesy visit of the Minister of Solid Minerals and his delegation.
He said that the government of Western Australia would support the transfer of knowledge and skills to mining professionals from Nigeria and sponsor mining experts to visit Nigeria to impart knowledge.
He urged Alake to make a formal request as soon as possible so both could work together to realise the goal.
He promised to mobilise the public and private sectors to support the initiative, as many companies are willing to explore opportunities for developing the mining sector in Africa.
Business
TIME Names Moniepoint CTO Felix Ike Among 50 Global Executives of the Year
In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.
TIME magazine has named Felix Ike, co-founder and Chief Technology Officer of Nigerian fintech Moniepoint, to its inaugural Executives of the Year: Tech and Data list.
Ike is the only executive representing an African company among the 50 leaders selected for the 2026 list.
The list, unveiled on Tuesday, September 22, recognises chief information officers, chief technology officers, chief data officers and chief product officers whose decisions are shaping how major organisations deploy technology and use data.
Moniepoint is also the only African company represented on the inaugural list.
Ike was named alongside executives from Netflix, CrowdStrike, Dell, Duolingo, AT&T, OpenAI, Anthropic, Shopify and Reddit, among others.
In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.
“The recognition follows Moniepoint’s inclusion in TIME’s 2025 list of the 100 Most Influential Companies, giving the Lagos-founded fintech another global distinction.
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Business
Djibouti, Ethiopia and Dangote to build $660 million petroleum pipeline
In Kenya, Dangote and the government are due to break ground on a new 700,000-barrel-per-day crude oil refinery in Lamu next week.
Ethiopia, Djibouti and Nigerian billionaire Aliko Dangote plan to build a $660 million refined petroleum pipeline that will connect Ethiopia and Djibouti, a spokesperson in Ethiopian Prime Minister Abiy Ahmed’s office said on Thursday.
The project will include a 120-km (75-mile) pipeline, as well as approximately 375,000 cubic metres of storage capacity at Damerjog in Djibouti and 800,000 cubic metres at Dewele in Ethiopia, the spokesperson told Reuters, adding it should become operational within 18 months.
Abiy said on his X account the project will be developed through a partnership between Ethiopian Investment Holdings and the Dangote Group, which separately is already building a $4 billion fertiliser pipeline and power plant, and a polypropylene packaging facility, in Ethiopia.
The project aims to reduce logistics costs and delays along the Ethiopia-Djibouti transport corridor, Abiy said.
Developers say the infrastructure will strengthen energy security and improve supply chain resilience for the two countries, he said.
Abiy is on a visit to Djibouti and made the announcement alongside its president, Ismail Omar Guelleh, and Dangote.
In Kenya, Dangote and the government are due to break ground on a new 700,000-barrel-per-day crude oil refinery in Lamu next week.
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