 In an e-book-making event that will positively transform address oil and gas sectoral landscape, President Mohamed Buhari has commissioned the Dangotay Petroleum Refinery and Petrochemicals, the world's largest single-train refinery in Iberjuleki Lagos, alongside its counterparts are from Ghana, Togo, Senegal, Niger, and Chard. Promoted by Africa's richest man, Leco Dangotay, the petroleum refinery with a capacity to process 650,000 barrels per day is sitting on 2,635 hectares of land located in Dangotay Industries Free Zone in the Iberjuleki area of Lagos, and will provide employment to over 100,000 persons. The coming on stream of the gigantic project is expected to mark Nigeria's exit from the League of Oil-rich Nations, but which are heavy importers of the petroleum products. On the show today, we will take a cursory look at the Dangotay refinery expectations and impacts. Welcome to Business Insight and Plus TV Africa. I am Justin Akadone. Welcome back now, we start the show with a roundup of major business headlines. Now, the Dangotay Group has pledged that the force fuel products from the refinery will be ready by June this year. The chairman of the group, Alhaji Aliko Dangotay, said this during the ongoing or the commissioning of the refinery, he thanked President Mohamed Wahary for his support through the arduous process that has seen the breath of the Dangotay refinery. Meanwhile, the central bank of Nigeria, Seabian says the newly inaugurated refinery and petrochemicals will help Nigeria generate more power for its electricity sector. The governor of the bank, Gadrin Amiefili, said the refinery is expected to generate 12,000 megawatts of electricity. We're doubted by foreigners, by our friends. Anytime we travel that broad to discuss Nigeria's economic outlook abroad, when we use Dangotay refinery as a lifesaver and an opportunity for diversification of our economy, they doubted us. When I return back to Lagos, I say Aliko, are you sure this project will work? He says it will work, I say Aliko, let's go to the project. So we go, I go around, I conduct an interview with television people and I just say myself, it will happen. I go back again, the same story comes up. But I'm saying for me today, history is made in Nigeria. The credit goes to you, Mr. President, with thank you very much and I believe that it's a long lasting legacy that you take away as you bow out from being the president of the Federal Republic of Nigeria. Now the Federal Government has commissioned 14 enforcement and security boards as well as other infrastructures belonging to the Nigerian Maritime Administration and Safety Agency, NIMASA. These facilities were part of the $195 million deep blue project aimed at enhancing the nation's maritime security and capacity in line with the best global practices. Speaking during the commissioning at Kirikiri Lagos, the Minister of Transportation, Maaz Osambo, said the completed project were part of the government's commitment to good governance and institutionalize policies for improved maritime safety and security. Other projects commissioned by the minister include five new patrol security boards, five refurbished search and rescue pollution control boards, four staff ferries, a search and rescue clinic and an administrative building. Osambo also said that the project will boost the nation's waters as well as ensure safe or service delivery and economic development. Earlier, the Director General of NIMASA, Dr. Bashir Jamal, said the inclusion of the security patrol boards along with the search and rescue pollution control boards to the deep blue project assets are particularly with the intent to intensify the intent of security on the waterways, taking into cognizance the recent proliferation of YFFFs. By the reinforce our commitment, as the projects to be commissioned are directly tied to the mission of NIMASA, which is to achieve and sustain safe, secure shipping, cleaner oceans and enhanced maritime capacity in line with the best global practices towards Nigeria's economic development. To be commissioned here today are five state-of-the-art enforcement platforms that will ensure strict compliance and adherence. The extended laws governing the operations of our maritime domain. These platforms will give NIMASA the much needed tools required to function as a maritime administrator in line with the protocols and conventions of the International Maritime Organization and the International Labor Organization to which NIMASA represents Nigeria as its contracting partners. While we have our vision set for achieving something great, with simultaneously two cognizance of the damaging impact of piracy, kidnapping of CPRs, smuggling, illegal oil ban cream, robbery, sea and illegal and all-regulated and all-reported fishing has hiked on our maritime sector. Beyond the strides of overcoming the maritime crime as a goal of getting the management of the maritime administration put more attention in ensuring that we maintain steady and straightforward outlook on building our own impact structure so that we can have a very safe local transportation and all the leisure activities in our internal waters as well as enhancing our own revenue generation. And finally on business roundup, Nigerian equities market close positive as the key market indicator advanced by 181.20 basis points and mid-positive market breaths. The NGS OSHA index advanced by 0.35% to close at 52,369.13 basis point as against the 0.15% loss recorded as at last trading session. In terms of Nira, the NGX market cap records 98.66 billion Nira gain. Yet today the NGX ASI standard 2.18%. The total volume traded declined by 60.75%. The close at 318.23 million Nira valued at 4.05 billion Nira and traded in 5,847 deals. Xenic Bank was the most traded stock by volume and value with 53.43 million Nira and 1,000 or 1.38 billion units. Sector performance was broadly positive as one NGX sector index closed southward. 15 sector index closed northward and four closed flat. NGX insurance advanced by 1.34% to top the gainers chart while NGX oil and gas index declined by 0.64%. And that's it on the update. We'll take a very quick break and return with our interview segment. Don't go away.