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Investment Opportunities in Real Estate near the Dangote Refinery in Lagos, Nigeria
Investment Opportunities in Real Estate near the Dangote Refinery in Lagos, Nigeria
On May 22, 2023, the Dangote Refinery was inaugurated in Lagos, Nigeria, with former President Buhari officiating the ceremony. The event marked a significant milestone for Nigeria, as it showcased the country’s commitment to achieving energy self-sufficiency and fostering economic development.
The Dangote Refinery is a remarkable feat of engineering and cutting-edge technology. With a daily capacity of 650,000 barrels, it is the world’s largest single-train refinery. The refinery is expected to meet 100% of Nigeria’s demand for refined petroleum products and generate thousands of jobs.
The inauguration of the Dangote Refinery is a major step forward for Nigeria. It is a sign of the country’s growing economic power and its commitment to sustainable development. The refinery is also expected to have a positive impact on the lives of millions of Nigerians, by providing them with access to affordable and reliable energy.
The Dangote Refinery is a state-of-the-art facility that will make Nigeria a major player in the global petroleum industry. With its immense capacity, the refinery is well-positioned to meet Nigeria’s domestic demand for refined petroleum products. In fact, the refinery aims to fulfill 100% of Nigeria’s need for these vital commodities, which would significantly reduce the country’s reliance on imports and boost energy security.
In addition to meeting domestic demand, the Dangote Refinery also plans to export 40% of its output, which will generate much-needed foreign exchange earnings for Nigeria. This will help to boost the country’s economy and position it as a leading player in the global petroleum market.
By leveraging its abundant resources and efficient production capabilities, Nigeria has the opportunity to diversify its sources of revenue and fortify its economic resilience.
Nigeria has long faced a heavy financial burden due to its heavy reliance on imported petroleum products.
In 2022 alone, the nation spent a staggering amount of N10.1 trillion or $23 billion on importing these essential fuels. However, with the commissioning of the Dangote Refinery, there is a promising shift in the trajectory. The refinery’s strong capacity and local production capabilities are expected to significantly decrease Nigeria’s dependence on costly imports, thereby fostering economic growth and stability.
Presently, Nigeria’s external reserves, which serve as a crucial indicator of its economic well-being, stand at an impressive $35 billion. While this amount may appear substantial, it’s important to note that it only covers approximately six months’ worth of imports. Recognizing the importance of maintaining adequate reserves for economic stability, Nigeria must continue its efforts to strengthen and diversify its revenue sources. The successful operation of the Dangote Refinery plays a vital role in this pursuit by generating foreign exchange earnings and reducing the strain on the country’s external reserves.
The Dangote Refinery in Lagos presents an immense opportunity for property investments in the area. By analyzing key factors, such as job creation, population growth, infrastructure development, foreign investments, improved standard of living, and reduction in fuel imports, we can understand the capacity, impact, and economic context surrounding the refinery.
This highlight the compelling reasons for individuals to consider seizing this opportunity.
1. Job Creation and Economic Growth:
The establishment of the Dangote Refinery will generate a significant number of direct and indirect employment opportunities, attracting individuals from various regions. This surge in workforce will increase the demand for housing in Lagos, making property investments near the refinery enticing for rental income and potential resale value.
2. Population Growth:
As the refinery begins operations, a notable population growth is expected in Lagos. This growth necessitates an increase in residential properties to meet the rising demand. Investing in properties near the refinery allows investors to benefit from the escalating need for housing and the potential appreciation of property values.
3. Infrastructure Development:
The presence of the Dangote Refinery will catalyze comprehensive infrastructure development in Lagos. To support the refinery and accommodate the growing population, enhanced transportation networks, roads, utilities, and social amenities will become imperative. Investing in properties near these infrastructure projects can lead to improved accessibility, convenience, and increased property values over time.
4. Foreign Investments:
The Dangote Refinery is expected to attract foreign investments, enhancing the overall economic outlook of Lagos. Foreign investors seeking real estate opportunities are likely to focus on areas surrounding the refinery due to projected growth and potential returns. Acquiring properties near the refinery aligns investors with the influx of foreign capital, increasing the potential for long-term value appreciation.
5. Improved Standard of Living:
The economic benefits arising from the Dangote Refinery, such as job creation and increased foreign investments, will contribute to an improved standard of living in Lagos. Investing in properties near the refinery allows individuals to benefit from the refinery’s positive impact on the local economy and enjoy the amenities and infrastructure developments that follow, potentially leading to an enhanced quality of life and appreciation in property values.
6. Reduction in Fuel Imports:
The Dangote Refinery aims to fulfill Nigeria’s demand for refined petroleum products and reduce the reliance on fuel imports, positively impacting the country’s trade balance and foreign exchange reserves. A stronger economy resulting from a more stable currency can make property investments near the refinery an attractive option for Nigerians seeking to preserve and grow their wealth.
Investing in properties near the Dangote Refinery in Lagos offers immense potential due to job creation, population growth, infrastructure development, foreign investments, improved standard of living, and reduced fuel imports. Seizing this opportunity can provide rental income, potential appreciation in property values, and alignment with the positive economic impact of the refinery.
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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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