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Blog

Shipping crisis stalls Dangote fuel distribution
Oil and Gas

Our refinery ended Nigeria’s five-decade fuel queue — Dangote

President and Chief Executive of Dangote Petroleum Refinery, Aliko Dangote, has declared that Nigeria’s five-decade-long struggle with fuel queues has finally come to an end since the refinery began producing petrol a year ago. Speaking at a conference to mark the first anniversary of the launch of petrol from the 650,000 barrels-per-day refinery, Dangote highlighted […]

Onne customs reports N643bn revenue for 2024
News

Customs launch automated system for overtime cargo clearance

The Nigeria Customs Service has deployed an automated system for the clearance of overtime cargoes in a renewed effort to tackle congestion at the nation’s seaports. The initiative is expected to accelerate the evacuation of long-stalled consignments and create more room for fresh imports. Comptroller-General of Customs, Mr. Adewale Adeniyi, explained that the automation would […]

Abuja court gives DSS one week to charge Emefiele or release him
News

$4.5bn fraud: Court permits Emefiele to examine iPhone evidence

The Lagos State Special Offences Court in Ikeja has granted former Central Bank of Nigeria Governor, Godwin Emefiele, permission to engage forensic experts to examine WhatsApp conversations and a mobile device marked “iPhone 2” tendered as evidence in his ongoing $4.5 billion and N2.8 billion fraud trial. Justice Rahman Oshodi gave the ruling after Emefiele’s […]

Business

Nigeria open for business, Shettima tells Visa

Vice-President Kashim Shettima has told payment giant Visa that Nigeria is open for business as President Bola Tinubu’s economic reforms begin to show positive results. Shettima made the comments on Monday whilst meeting a Visa delegation led by Tareq Muhmood, the company’s regional president for Central and Eastern Europe, the Middle East and Africa, at […]

Conferences

10th FATE business conference to showcase AI innovations

The FATE Foundation has announced plans to hold the 10th FATE Business Conference, themed “The AI Powered Business,” on September 26, 2025, at the Balmoral Convention Center in Lagos. The conference aims to explore the transformative power of Artificial Intelligence in driving business growth, innovation, and sustainability. According to the foundation, the event will feature […]

New FX rules'll help Naira regain value, says Oyedele
Finance

Naira stability expected to persist over medium term — MPC members

The naira’s stability is expected to persist over the medium term as speculative activities continue to decline, according to members of the Monetary Policy Committee in their last meeting held in July 2025. At the Nigerian Foreign Exchange Market, the naira posted a strong performance against the US dollar last week, appreciating by 0.98% week-on-week […]

Dangote names Lekki refinery road after Wigwe
Business

I won’t allow ‘oil mafias’ kill my refinery – Dangote

Africa’s richest man, Aliko Dangote, has accused powerful interests in Nigeria’s petroleum sector of deliberately working to undermine his multibillion-dollar refinery. Speaking in Lagos on Monday at the launch of compressed natural gas-powered trucks for direct fuel distribution, the Dangote Group president compared the pushback to the sabotage that crippled Nigeria’s once-thriving textile industry. He […]

Business

Labour unions, marketers weaponised to frustrate refinery – Dangote

The Dangote Group has accused influential oil import cartels of using labour unions and industry associations to sabotage its refinery operations, warning that such moves endanger Nigeria’s push for economic self-reliance. In a statement issued Monday, the company faulted the Nigeria Union of Petroleum and Natural Gas Workers and the Depot and Petroleum Products Marketers […]

Business

Drop in crude theft could strengthen naira – Report

Nigeria’s recent gains in curbing crude oil theft could ease pressure on the foreign exchange market, boost fiscal revenues, and lift investor confidence, according to a new report by Afrinvest. Citing data from the Nigerian Upstream Petroleum Regulatory Commission, Afrinvest said crude oil losses dropped to 9,600 barrels per day in July 2025—the lowest in […]

Access Bank nears final stages of National Bank of Kenya acquisition
Helth

Access Bank partners Akwa Ibom to fight cancer

Access Bank Plc and Akwa Ibom State government, in collaboration with Help the Woman Initiative, have launched Project UWUS (Unstoppable Woman, Unbreakable Spirit), a cervical cancer awareness and screening campaign aimed at saving lives and empowering women across Akwa Ibom State. Cervical cancer is the second most common cancer among women in the state, with […]

Spain hits Apple, Amazon with €194m antitrust fine
Business featured

Apple shares drop after iPhone 17 launch

Apple Inc. has shed $56.8 billion in market value since unveiling its new iPhone 17 on September 9, a release that has so far failed to excite Wall Street. Shares of the $3.5 trillion company slipped 1.6 per cent between September 9 and 12. This dip reflects investor scepticism about the tech giant’s latest flagship […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira appreciates against dollar, trades below ₦1,500

The Nigerian naira on Monday appreciated against the United States dollar, trading below the ₦1,500/$ threshold for the first time in over six months. Data from the Central Bank of Nigeria showed that the domestic currency closed at N1,497.46/$, compared to its previous close of N1,501.49/$, marking a 0.27% gain. The last time the naira […]

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