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Economy featured

Solid minerals revenue soars as NLNG dividends hit zero

Nigeria’s revenue from solid minerals surged to almost three times its target in 2024, while dividends from natural gas, once a dependable source of government income, dropped to zero, raising concerns about transparency and asset management in Africa’s largest economy, according to findings by BusinessDay. Data from the 2024 Federal Government Budget Performance Analysis released […]

News

Economic empowerment key to women’s freedom — Falana, Sowore

Founder of Women Empowerment and Legal Aid, Mrs Funmi Falana, SAN, and human rights activist, Mr Omoyele Sowore, have identified economic empowerment as the foundation of women’s freedom, dignity, and protection from abuse in Nigeria. They spoke at the 2025 graduation ceremony of the WELA Vocational Training College, where 17 beneficiaries completed the ninth edition […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote begins nationwide petrol sales at N739/litre

Dangote Petroleum Refinery has begun nationwide sales of Premium Motor Spirit at N739 per litre through all MRS Oil Nigeria Plc filling stations, a major step toward providing affordable fuel and stabilising Nigeria’s downstream petroleum market. In a statement on Sunday, the firm said the new price would be rolled out across more than 2,000 […]

featured Oil and Gas

Dangote price cut triggers petrol price war in Lagos, Ogun — Report

As more MRS filling stations in Lagos and Ogun states began dispensing Premium Motor Spirit produced by the Dangote Petroleum Refinery at ₦739 per litre, motorists have increasingly boycotted retail outlets selling petrol at higher prices. According to The PUNCH, the development has forced several filling stations to slash their pump prices by about ₦100 […]

featured News

Dangote threatens ₦100bn libel suit against Kaduna bizman

President of the Dangote Group, Aliko Dangote, has issued a seven-day ultimatum to a Kaduna-based businessman, Kailani Mohammed, demanding a public retraction and apology over alleged defamatory statements, warning that failure to comply would result in a ₦100 billion libel suit. The demand was contained in a letter dated December 20, 2025, written by Dangote’s […]

News

ECOWAS court orders Nigeria to probe military-era share seizure

The ECOWAS Court of Justice sitting in Abuja has ordered the Federal Government of Nigeria to investigate the 1978 seizure of shares belonging to a 94-year-old Nigerian businessman, Mr Kolawole Koiki, in the New Nigeria Salt Company Limited by the former military government. The regional court also awarded Mr Koiki the sum of ₦5 million […]

featured Food

Recalled Indomie vegetable not sold in Nigeria — NAFDAC

The National Agency for Food and Drug Administration and Control has reassured Nigerians following a recent recall alert involving Indomie Noodles Vegetable Flavour, stating that the affected product is neither registered nor sold in Nigeria. In a press release issued on Sunday, the agency explained that the recall was initiated by French health authorities and […]

Opinion

Arewa youth assembly rejects new tax law

The Arewa Youth Assembly has rejected the recently gazetted tax law introduced by the Federal Government, citing concerns over alleged discrepancies between the version passed by the National Assembly and the one officially published. In a statement signed by its Speaker, Mohammed Salihu Danlami, the Assembly described its stance as “firm and unambiguous,” noting that […]

featured News

US seizes oil tanker near Venezuela amid rising tensions

The United States has apprehended an oil tanker off the coast of Venezuela, a move the Venezuelan government has condemned as “theft and kidnapping,” marking the latest escalation in Washington’s pressure campaign against Caracas, according to US officials. The interception, which took place on Saturday, was the second time in two weeks that US forces […]

featured Helth

US commits $2.1bn to Nigeria health system

The United States has signed a five-year bilateral health agreement with Nigeria aimed at strengthening the country’s health system, with a particular focus on expanding faith-based healthcare services. According to the United States Department of State, the Memorandum of Understanding, signed on Saturday, commits nearly $2.1bn in US funding to support prevention and treatment programmes […]