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Dangote Refinery loses N32.5bn after petrol price cut

Dangote seeks court order to revoke fuel import

  • 15th May 2026

Cheaper cars unlikely in Nigeria despite tariff cut

  • 15th May 2026
US DOJ probes Visa over antitrust issues

Visa unveils AI-powered dispute services for banks, merchants

  • 15th May 2026

IPMAN slams NNPCL over bid to raise Dangote

  • 15th May 2026

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Business

Tinubu nominates Joseph Tegbe as Minister of Power

President Bola Ahmed Tinubu has nominated Mr Joseph Olasunkanmi Tegbe as Minister of Power, pending confirmation by the Senate. The announcement was made on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. He added that the nomination has been formally forwarded to the Senate for screening and confirmation in accordance with […]

Business

Tinubu replaces NMDPRA CEO, names Rabiu Umar successor

President Bola Ahmed Tinubu has approved the removal of Saidu Mohammed as Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and has nominated Rabiu Abdullahi Umar as his successor. This was disclosed on Wednesday, April 29, in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. […]

Business

Tinubu appoints Fatima Zuntu as NBMA director-general

President Bola Tinubu has approved the appointment of Fatima Zuntu as the Director-General and Chief Executive Officer of the National Biosafety Management Agency. In a statement on Monday, Chris Ugwuegbulam, head of information and public relations at the Office of the Secretary to the Government of the Federation, said the appointment took effect from April […]

Business

Tinubu approves fiscal incentives to unlock $20bn Bonga project

President Bola Ahmed Tinubu has approved a targeted fiscal incentive package to unlock the long-delayed Bonga Southwest Aparo deepwater project, a move expected to attract about $20bn in foreign direct investment into Nigeria’s oil and gas sector. The approval, announced on Tuesday by Nigerian National Petroleum Company Limited, is intended to clear the path for […]

Business

Tinubu proposes grid asset management firm to boost power transmission

President Bola Ahmed Tinubu has recommended the creation of a Grid Asset Management Company to tackle ongoing issues in Nigeria’s electricity transmission network. This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, following the Federal Executive Council meeting on Wednesday at the Presidential Villa in Abuja. Idris stated that the president […]

Business

Tinubu orders immediate release of funds for Nigeria’s space assets

President Bola Ahmed Tinubu has directed the immediate release of approved funds for the upkeep of Nigeria’s space assets, in line with the National Space Policy and Programme. The directive was issued on Tuesday during the inaugural meeting of the National Space Council at the Presidential Villa, Abuja, with Vice-President Kashim Shettima representing the President. […]

Business

FG starts payment of outstanding capital funds

The Federal Government has begun disbursing funds for outstanding 2024 capital projects and fixed March 31, 2026, as the deadline for completing capital components under both the 2024 and 2025 budgets. This was revealed by the Special Adviser on Media and Public Communication to President Bola Tinubu, Sunday Dare, in a post on X on […]

Business

Tinubu calls for Africa-owned credit rating agency

President Bola Tinubu has urged the creation of an Africa-owned credit rating agency to address what he described as the continued mispricing of the continent’s risk by global financial markets. In an Op-Ed published in the Financial Times on Monday, the President warned that African nations are facing excessively high borrowing costs driven by flawed […]

Business

Tinubu approves commercial oil exploration at Tongeji Island, Ogun

President Bola Tinubu has given approval for the start of commercial oil exploration at Tongeji Island in Ipokia Local Government Area of Ogun State. Governor Dapo Abiodun made this disclosure on Thursday while hosting the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, and other senior naval officers during a courtesy visit […]

Business

Tinubu approves Nigeria’s carbon market framework to boost green investment

President Bola Ahmed Tinubu has given formal approval to Nigeria’s Carbon Market Framework, a development expected to strengthen the country’s role in the global climate economy and attract billions of dollars in green investment. The Director General of the National Council on Climate Change, Mrs Omotenioye Majekodunmi, disclosed this while speaking to journalists in the […]

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