This week, we’re highlighting the top business stories and events to watch from March 2nd to March 7th. West Africa Industry, Manufacturing and Trade Summit
March 2, 2026, 9:19 a.m. The government will hold a public hearing on the FinTech Regulatory Commission Bill on March 2nd on the bill calling for the establishment of the Fintech Regulatory Commission. The hearing will be organized by the Joint Committee on Digital and Electronic Banking, Banking Regulation, Science and Technology, Communications, Capital Markets and Institutions.
Once established, the commission will regulate and oversee Nigeria’s burgeoning fintech sector. The Commission will operate through specialized departments and have regional offices in six geopolitical zones. The West Africa Industrialization, Manufacturing and Trade Summit & Exhibition will be held in Lagos from March 3 to March 5, 2026. The summit, endorsed by the Federal Ministry of Industry, Trade and Investment, is themed “Accelerating West Africa’s Sustainable Industrial Revolution towards Economic Prosperity”. It aims to convene policymakers, manufacturers, investors and development partners to foster regional industry growth and deepen trade integration. The three-day program will feature high-level summit sessions, international exhibitions, technical seminars, and leadership roundtables. According to organizers, discussions will focus on expanding manufacturing capacity, strengthening regional value chains and unlocking investment across key sectors including energy, infrastructure, automation, logistics and technology. The Federal Government has agreed with the African Finance Corporation to jointly finance three major mining initiatives, including a $1.3 billion alumina refining project, through the Solid Minerals Development Fund. The refinery will utilize the latest Bayer process flowsheet and feature an on-site gas-fired cogeneration plant for steam and power generation, according to a statement on Sunday by Segun Tomori, special media assistant to the Minister of Solid Minerals Development. Tomori said the agreement is the culmination of discussions between AFC and SMDF to co-finance the construction of a $1.3 billion alumina smelter that is expected to process approximately 1 million tonnes of bauxite ore per year. This will enable financial and security regulators to track recycled phone numbers and prevent fraud related to SIM card reassignment. The portal, known as the Communications Identity Risk Management System, is expected to be launched by the end of March. TheCable understands that the portal is NCC’s solution to tackle issues related to SIM recycling, such as users receiving text messages addressed to previous owners or being investigated for crimes allegedly committed by former users of those numbers. Starting in March, we will export a new light sweet crude grade of Cawthorn. The new grade is said to have an API gravity of 36.4, which puts it in the same quality range as Bonny Light, Nigeria’s premium crude oil known for its high yields of gasoline and diesel. Dangote Refinery to Supply 65 Million Liters of Petrol Daily Dangote Group President Aliko Dangote said the refinery will supply up to 65 million liters of petrol daily to meet the country’s demand and export up to the surplus. 20 million liters. In a statement on February 24, Dangote said it had entered into structured off-take agreements with selected distributors to ensure nationwide distribution and eliminate supply volatility. “We have agreed on an offtake framework to supply up to 65 million liters daily to the domestic market,” Dangote said.
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Africa Health Media Trends Report 2026 warns of a “code red” for health journalism in Africa. According to the authors, strengthening health journalism is not just a media issue, but a public health imperative, as informed reporting remains critical to public trust, policy accountability, and improved health outcomes across Africa.
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Congressman Ikwechegu resigns from APGA Aba North/Aba South representative Mascot Ikwechegu has resigned from the All Progressives Grand Alliance (APGA). His resignation follows mass resignations of local government and district officials. The APGA Chairman, Abia State, claims he has not received any communication, but the party will remain strong despite the withdrawal.
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Liverpool move into the Premier League’s top five with a dominant win over West Ham Liverpool moved into the Premier League’s top five with an important 5-2 win against West Ham United. This victory increases their chances of qualifying for the Champions League. Other games will see dramatic results and VAR decisions, while Manchester City will look to put pressure on Arsenal.
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