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TotalEnergies to invest $6bn in Nigeria's Deepwater

TotalEnergies Q1 pre-tax profit jumps 70% to ₦1.9bn

  • 2nd May 2026

Access Holdings Q1 pre-tax profit rises 22% to

  • 2nd May 2026
Abia to launch electric transport system July — Otti

Abia to clear 20-year gratuity backlog with N10bn

  • 2nd May 2026

Apple warns of worsening memory shortage

  • 1st May 2026

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Dangote denies rift with Elumelu over refinery financing claims

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The refinery is situated at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos. Its primary function is to refine crude oil grades sourced from Africa, Asia, and America. The refinery has the capacity to produce a surplus of approximately 38 million litres of petrol, diesel, kerosene, and aviation fuel on a daily basis, which is intended for domestic consumption in Nigeria. The refinery has a capacity to process 650,000 barrels of crude oil per day and converts it into various petroleum products, including diesel, petrol, jet fuel and kerosene.
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PHOTOS: Buhari arrives commissioning of Dangote Refinery

  The President, Muhammadu Buhari (retd.), has arrived for the Dangote Oil Refinery for its official commissioning. The refinery is situated at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos. Its primary function is to refine crude oil grades sourced from Africa, Asia, and America. The refinery has the capacity to produce a surplus of […]

Volvo receives record order for 1000 electric trucks
News

Volvo receives record order for 1000 electric trucks

Volvo Group’s unit, Volvo Trucks, announced on Monday, a record-breaking deal to sell 1,000 electric trucks to Holcim, a leading Swiss building solutions provider. This groundbreaking deal marks the largest commercial order for Volvo electric trucks to date. The parent company that encompasses various truck brands, including Mack, Renault, and UD Trucks, AB Volvo said; […]

Nigerian, Indian flag
Investment

India invests $20bn in Nigerian economy — Envoy

Indian companies have invested a total of $20billion into the Nigerian economy through the setting up of manufacturing companies and creating jobs.   According to The Nation, its Consulate-General in Lagos, Shri Chandramouli Kern, said Nigeria is also the biggest trading partner of India with trading volumes hovering around $15billion yearly.   Kern, made this […]

PenCom recovers N25.45bn unremitted contributions
News

PenCom recovers N384m pension from defaulting employers

By Wilson Adekumola   The National Pension Commission has said that it has recovered N384 million from defaulting employers.   The PenCom’s Director-general, Aisha Dahir-Umar made this known at the 2023 Labour Writers Association of Nigeria workshop, in Lagos, adding it has recovered N384.28 million as pension contributions owed workers by defaulting employers in the […]

Aliko Dangote
Business

Dangote Refinery opens Monday

The Dangote Petroleum Refinery in Nigeria is set to be officially opened on Monday, bringing hope of resolving the country’s frequent fuel shortages. According to information obtained from the company, the Dangote Refinery has the potential to support the establishment of 26,716 filling stations, generate 100,000 jobs both directly and indirectly, and create a $21 […]

President of the Nigerian Association of Resident Doctors of Nigeria, Dr Emeka Orji
Business

Strike: FG to adopt ASUU pay rise template for resident doctors

The Federal Government will likely adopt the pay rise template originally designed for the Academic Staff Union of Universities for its medical doctors. The Punch reported that the decision comes as a response to the doctors’ demands for a pay rise which led to warning industrial action by the resident doctors. A five-day warning strike […]

National grid goes 400 day without collapse
News

How Gombe hydropower plant contributed 401GW to national grid

Managing Director of Mabon Limited, Engr. Richard Madubunyi, has said that the Dadin Kowa Hydropower project has so far supplied the National Grid with roughly 401 Gigawatts of energy. Nigerian Tribune reported that Madubunyi made this announcement at the commissioning of the 40MW Dadin Kowa Hydroelectric Power Plant in Gombe State. “The power plant has […]

LASTMA trains Sierra Leone transport offcials
Business

LASTMA trains Sierra Leone transport officials on traffic management

The Lagos State Traffic Management Authority has successfully conducted a training program for transport officials from Sierra Leone, exploring valuable insights on achieving efficient traffic management within the state. The Punch reported that the Director of Public Affairs and Enlightenment Department, LASTMA, Taofiq Adebayo, confirmed the recent development In an official statement released on Sunday. […]

JUST IN: Buhari fires FAAN MD Yadudu
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Buhari fires FAAN MD Yadudu

The federal government has dismissed the managing director of the Federal Airport Authority of Nigeria, Capt. Rabiu Yadudu, from his duties. Together with five other directors, Yadudu was fired from his role as an agency director on Friday after The President, Major General Muhammadu Buhari had appointed him MD in 2019. Meanwhile, Mr. Kabir Yusuf Mohammed has been […]

Oil revenue beats solid minerals earning by $393 - FG
News

Oil revenue beats solid minerals earning by $393 – FG

  The Federal Government have said oil and gas revenues in Nigeria have surpassed earnings from the solid minerals sector by a staggering $392.6 billion. According to The Punch, the Nigeria Extractive Industries Transparency Initiative provided figures revealing that over a 10-year period, the oil and gas industry generated $394 billion, while the solid minerals […]

How port concession will bring $3.7bn investments to Nigeria - ICRC
Ports and Airports

How port concession will bring $3.7bn investments to Nigeria – ICRC

The Ondo Multi-Purpose Port in Ilaje, Snake Island in Lagos State, and Burutu in Delta will attract $3.7 billion in private sector investments, according to the Nigerian Infrastructure Concession Regulatory Commission. Nairametrics reported that the ICRC Director-General, Michael Ohiani, revealed this in a statement issued in Abuja. On Monday, the Federal Executive Council authorized the port […]

FG launches passport front office in Edo
News

FG launches passport front office in Edo

In an endeavor to provide Nigerians with efficient service, the Federal Government has opened a Passport Front Office in Auchi, Edo State. This coincides with the debut of the passport home delivery service that was promised. Independent News reported that speaking at the opening of the Nigeria Immigration Service Passport Front Desk Office in Auchi, […]

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