Canada and trade

Other notable developments include Canadian Prime Minister Mark Carney's call for a unique alliance with the EU and expectations that the Dangote Petroleum Refinery could become Africa's largest IPO. Together, these events highlight how political finance in the U.S. is unfolding against a backdrop of shifting alliances and major capital market activity



Rockefeller understood that the real leverage in oil wasn’t only  in exploration or production. It was in owning the routes to market, such as the pipelines, the railroads, the distribution channels. His genius (and controversy) lay in turning vertical integration into an empire. One that eventually became so dominant, it had to be broken up.
Fast forward to 2025, and I can’t help but think of that legacy as I reflect on Dangote’s latest N720 billion investment in 4,000 compressed natural gas (CNG) powered trucks. To many, this is just a logistics play, but to me, it signals that there may be a quiet but sweeping recalibration of power in Nigeria’s energy value chain.

To be clear, this isn’t a call for Dangote’s empire to be broken up ; la Rockefeller. Rather, it’s a recognition that what he is building is structurally and economically revolutionary. As with all revolutions, the ripple effects will reshape not just business models, but entire markets.

Understanding the economic opportunity
The headlines say this investment could save Nigerians N1.7 trillion annually in logistics costs. It could ease inflationary pressure, reduce fuel distribution bottlenecks, and enable millions of MSMEs to breathe a little easier.

Beyond the savings is a bigger question on whether this will spark a systemic shift in how we think about energy infrastructure, or simply centralise it.

To appreciate the scale of this move, we need to look at the unit economics of CNG powered trucks. A typical diesel truck covering long distances in Nigeria may consume 30 – 40 litres of diesel per 100 km, at current prices of around ;1,200 per litre, translating to a fuel cost of ;36,000 – ;48,000 per 100 km.
By contrast, a CNG-powered truck consumes about 15 – 20 kg of CNG per 100 km, and CNG is currently priced around ;200 – ;250 per kg. That brings the fuel cost to just ;3,000 - ;5,000 per 100 km, an estimated 80 – 90% reduction in fuel cost per kilometre.



There is a memorial stained glass window for Michael Rockefeller, designed by the artist Marc Chagall, installed at Union Church of Pocantico Hills.[22] Rockefeller's twin Mary became a therapist in later life and following 9/11 led a bereavement support group for survivors who had lost their twins in the 2001 terrorist attacks on New York and Washington, D.C.[23]