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Petrol stations risk licence revocation over under-dispensing – NMDPRA

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featured Oil and Gas

Petrol price hits ₦1,395/litre as Dangote raises gantry rate

Petrol pump prices rose to N1,395 per litre on Saturday as filling stations across Lagos and Ogun States adjusted their rates in response to the Dangote Petroleum Refinery’s latest pricing review. The refinery had raised its gantry price for petrol to N1,350 per litre, prompting marketers to review their pump prices accordingly. Findings by The […]

Business

British fintech firm Revolut confirms customer data breach

British fintech company Revolut has disclosed sensitive customer information to an unauthorised third party after fraudsters used a legitimate government agency email domain to submit fake requests for customer data. The company said a “limited” number of customers were affected by the incident, although it did not disclose the exact number of people whose information […]

Investment

Niger Delta ready for investors, says NDCCITMA chairman

The Niger Delta is ready to receive local and international investors and has the potential to become one of Africa’s leading investment destinations, the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture has said. The Chairman of the Board of NDCCITMA, Idaere Gogo Ogan, said the region was prepared to move beyond its […]

Business

NASENI trains 100 Anambra youths in electrical installation skills

The National Agency for Science and Engineering Infrastructure has reiterated its commitment to creating solutions for households and communities to improve productivity, reduce hardship, and expand economic opportunities. Executive Vice Chairman Khalil Halilu said this in Onitsha, Anambra State, during the skill acquisition training for 100 youths in modern methods of electrical installation and maintenance […]

Scams

Nigeria ranks second most cyberattacked African nation with 4,906 weekly attacks

Nigeria recorded an average of 4,906 cyberattacks per organisation every week in August 2026, representing a 45 per cent year-on-year increase and placing the country among the most targeted markets in Africa. The figure was contained in the latest Global Threat Intelligence report by Check Point Research, the threat intelligence arm of Check Point Software […]

Business

Startups rebound from July slump to raise $364.1m

Nigeria’s startup ecosystem staged a dramatic recovery in August 2026, bouncing back from a near-collapse in July when only six startups raised a combined $4.9 million, the lowest monthly figure recorded in recent memory. By August, that number had rocketed to $364.1 million raised by 20 startups, one of the strongest funding months on record […]

Banking

Keystone Bank seeks approval to sell 66.54% KBL Insurance stake

Keystone Bank Limited is seeking regulatory approval to sell its 66.54 per cent stake in KBL Insurance Limited to Bethel V Limited, a newly incorporated investment vehicle established by insurance and investment professionals. The proposed acquisition is subject to the approval of the Federal Competition and Consumer Protection Commission, as the transaction will result in […]

Opinion

Nigeria-made lace shouldn’t be called Austrian — Activist

Broadcast journalist and founder of the Purple Woman Foundation, Ireti Bakare-Yusuf, has called for Nigerian-made lace to be recognised as a Nigerian product, saying the country played a pivotal role in the development of the lace industry. The PUNCH reported on Saturday that Bakare-Yusuf made the call during an interview with ARISE News, where she […]

Business

NIS launches contactless passport renewal for Nigerians abroad

Nigerians living abroad can now renew their passports without visiting a Nigerian embassy or high commission for biometric enrolment, provided they meet the eligibility criteria for the Nigeria Immigration Service’s Contactless Passport Application System. The system enables eligible Nigerians in the diaspora to apply for passport renewal, complete biometric enrolment remotely and track their applications […]

Business

Dangote projects N10,000 future value for refinery shares

President of Dangote Industries Limited, Aliko Dangote, has said shares in the Dangote Petroleum Refinery, currently priced at N525 under its Initial Public Offering, could rise to as much as N10,000 in the future. Dangote also assured small-scale investors participating in the IPO that they would be given priority in the allocation of shares. He […]

Opinion

My subsidy plan targets local refining — Atiku

Former Vice-President Atiku Abubakar has explained that his plan to restore fuel subsidy is aimed at supporting local refining and reducing the cost of petrol, rather than subsidising imported fuel. Atiku made the clarification in a series of posts on his X platform on Saturday, saying his proposed policy would amount to a “production subsidy” […]

Business

Dangote Refinery shares could rise to ₦10,000 — Dangote

President of Dangote Industries Limited, Aliko Dangote, has said shares of the Dangote Petroleum Refinery, currently offered at N525, could rise to N10,000 in the future. Dangote also assured small-scale investors seeking to participate in the refinery’s Initial Public Offering that they would be prioritised in the allocation of shares. He spoke in Hausa during […]

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