Barrel vault: a Nigerian refining giant rises
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 17 March 2026
⏱️ 21 minutes
🧾️ Download transcript
Summary
Nigeria sorely needed the enormous oil refinery built by Aliko Dangote, who was already Africa’s richest man. We ask what that new capacity means for him, for Nigeria and for the continent. We speak to the surprisingly large and diverse Iranian diaspora in Los Angeles. And how a cancer diagnosis seems to drive some people to a life of crime.
Guests and host:
- Ọrẹ Ogunbiyi – Africa correspondent
- Aryn Braun – West Coast correspondent
- Ainslie Johnstone – data journalist
- Rosie Blau, co-host of “The Intelligence”
- Jason Palmer, co-host of “The Intelligence”
Topics covered:
- Aliko Dangote, Nigeria, oil, energy security
- Iran’s diaspora, California
- cancer, crime, data
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Transcript
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| 0:00.0 | The Economist |
| 0:02.0 | Hello and welcome to the intelligence from The Economist. |
| 0:13.0 | And I'm Rosie Bloor. |
| 0:16.0 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:28.8 | A surprising fraction of Iran's diaspora lives in California. |
| 0:33.6 | Like Iran itself, it's multi-ethnic, multi-religious and multi-generational. |
| 0:36.7 | We get a view from what's called Terrangeles. |
| 0:42.0 | And millions of people are diagnosed with cancer each year, |
| 0:45.6 | and it's hard to predict how you'll respond until it happens. |
| 0:49.0 | But a new study finds something I'd never expected, |
| 0:52.8 | a surprising link between cancer and crime rates. |
| 1:02.8 | First up, though. |
| 1:14.1 | This is a job, mate. I mean, turn off my ringer. How you? Good afternoon, sir. Good afternoon. How you? All right. All right. |
| 1:17.3 | Okay. |
| 1:19.7 | So, just to test your sound, please, may you introduce yourself? |
| 1:26.0 | Aliko Dengote's money. |
| 1:31.6 | With oil prices skyrocketing, last week was the perfect time for us to visit Aliko Dengote. |
| 1:36.1 | Oire Oganbi is an Africa correspondent |
| 1:38.1 | for the economist. |
| 1:39.8 | He's not only Africa's richest man, but he's also the owner |
| 1:43.1 | of Africa's largest refinery. |
| 1:45.5 | Well, you know, it's a very rough period, you know, especially now. |
... |
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