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Direct lifting of product from Dangote will crush pricing – Oil marketers

Oil marketers have assured Nigerians of a potential decline in the prices of Premium Motor Spirit or petrol as they prepare to begin direct product lifting from the Dangote Refinery. This reassurance follows a recent spike in prices attributed to the Nigerian National Petroleum Company Limited’s commencement of product lifting from the refinery. Currently, petrol […]

Air Peace denies alleged safety protocol violations in UK
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Passengers panic as plane windshield shatters during landing in Abuja

Passengers aboard an Air Peace Embraer ERJ 145 were thrown into panic on Monday when the aircraft’s windshield shattered during its landing at Nnamdi Azikiwe International Airport in Abuja. The incident raised immediate concerns among both passengers and aviation personnel. Notably, human rights advocate Omoyele Sowore was among those on board, traveling to the capital […]

2025: Qatar to fund scholarships for students from developing countries
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2025: Qatar to fund scholarships for students from developing countries

Lusail University in Qatar has announced an exciting opportunity for international undergraduate students: a fully funded scholarship program for the 2025 academic year. This initiative aims to support aspiring students from developing countries in their pursuit of higher education at one of Qatar’s leading educational institutions. The university will offer 12 study programs as part […]

News Oil and Gas

Refinery: Dangote calls NNPC’s withdrawal from 20% stake a ‘Big mistake’

The Chief Executive Officer of the Dangote Refinery, Aliko Dangote has criticized the Nigerian National Petroleum Company’s decision to back out of its plan to acquire a 20% stake in the refinery, calling it “a big mistake.” He emphasized the potential benefits of collaboration and the importance of strategic partnerships in driving the country’s economic […]

FEC approves N158bn contract for Lekki Deep Sea Port service lanes
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FEC approves N158bn contract for Lekki Deep Sea Port service lanes

The Federal Executive Council has recently approved a significant contract worth N158 billion for the construction of service lanes connecting the Lekki Deep Sea Port to the Shagamu-Benin Expressway via Epe. This major infrastructure project, which will be undertaken by Dangote Industries, is part of the Federal Government’s Road Infrastructure Development Fund and Refurbishment Investment […]

U.S Chamber of Commerce commits $320m to support Nigerian SMEs
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U.S Chamber of Commerce commits $320m to support Nigerian SMEs

The United States Chamber of Commerce has pledged $320 million to bolster mortgage refinancing and finance Small and Medium Enterprises in Nigeria. This announcement was made on the X page of Nigeria’s Vice President, Kashim Shettima, on Tuesday, September 24, 2024. Currently attending the 79th Session of the United Nations General Assembly in the U.S., […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
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Dangote regrets missed chance to buy Arsenal FC

Alex Omenye President and CEO of Dangote Group, Aliko Dangote has expressed regret over missing the opportunity to purchase Arsenal Football Club. The billionaire, who had long shown interest in owning the North London team, revealed in a recent interview with Bloomberg’s Francine Lacqua in New York that he once considered buying the club when […]

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International Breweries aims for profitability after loan repayment

Alex Omenye The Chairman of the Board of Directors of International Breweries Plc, Obi Nnaemeka Achebe, has expressed optimism that the repayment of the company’s foreign exchange-denominated loans will help steer the firm back to sustainable profitability. In a statement released on Monday, Achebe highlighted the brewer’s significant progress, particularly following its recent rights issue, […]

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ICYMI: Construction of $3.5bn Bakassi deep seaport begins soon — ICRC

The Infrastructure Concession Regulatory Commission has confirmed that construction of the $3.5 billion Bakassi Deep Seaport will commence shortly, marking a significant development for Nigeria’s maritime and economic infrastructure. This project is expected to enhance the country’s shipping capabilities and boost economic growth. This was disclosed by the Director-General of ICRC, Dr Jobson Ewalefoh at […]

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Diesel price rises 64.58% in August- NBS

The average retail price of Automotive Gas Oil in Nigeria increased significantly by 64.58% year-on-year, reaching N1,406.05 per litre in August 2024. This is according to the National Bureau of Statistics Automotive Gas Oil Price Watch Report for September 2024 released on Monday. This marks a substantial rise from N854.32 per litre recorded in the […]

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FIRS, Abuja chamber partner to enhance tax compliance

The Federal Inland Revenue Service has reaffirmed its commitment to improving tax compliance among Nigerian businesses by forming a strategic partnership with the Abuja Chamber of Commerce and Industry. This collaboration was emphasized during the opening ceremony of the 19th Abuja International Trade Fair, themed “Mobility: Options for Transportation, Trade Finance, and Taxation,” which took […]

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Dangote urges FG to eliminate fuel subsidies completely

T­he President and Chief Executive of Dangote Group, Alhaji Aliko Dangote has urged the Nigerian government to completely eliminate fuel subsidies. He argues that doing so would clarify the country’s actual petrol consumption figures. Dangote confirmed his ownership of two oil blocks in the upstream sector, with production set to commence next month. He emphasized […]

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