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Nigeria

An offshore gas field discovered in 1973 is finally moving toward production. With a Nigerian company holding majority ownership and domestic banks arranging most of the financing, the deal raises a larger question: Who captures the wealth from Africa’s natural resources?

September 24, 2026

Nigeria’s Ima Gas Field Sat Underground for 53 Years. A Nigerian Company Will Own 60% When It Finally Produces.

Refinery at dusk with a share-purchase phone, investment papers and unequal ownership blocks beneath the headline “Who controls the upside?”

September 14, 2026

Dangote Refinery IPO Opens. Africans Can Buy Shares—Dangote Keeps Control

Lagos financial district with Nigerian bond documents and market screens in the foreground and factories and logistics infrastructure in the distance, illustrating that 95.1% of Nigeria’s $10.37 billion in Q1 2026 foreign capital went to portfolio investment while only 1.3% was FDI.

August 22, 2026

Nigeria Attracted $10.37 Billion in Foreign Capital. Only 1.3% Was FDI.

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Beyoncé Funded Cécred Herself. Now the Real Test Is Global Distribution.
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Africa Doesn’t Own Most of the World’s AI. It Still Controls Something AI Companies Need: Access.
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Michael Jordan Gave Morehouse $1 Million. Now It Has a Media Production Center.
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Nigeria’s Ima Gas Field Sat Underground for 53 Years. A Nigerian Company Will Own 60% When It Finally Produces.
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BlackEconomicDevelopment.com explains the money, ownership, labor, policy, technology, and power shifts behind Black culture, business, media, sports, entertainment and community wealth.

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