Dangote Speaks on Marketers, IOCs and Lamu Refinery Protests
Aliko Dangote has pushed back against opposition to his proposed refinery in Kenya, alleging that local fuel marketers and international oil companies are behind protests surrounding the $16bn project. The Dangote Group president made the claim as a land…
Fresh Fuel Import Battle Emerges After Abuja Court Ruling
Nigeria’s fuel-import debate has entered a new legal phase after a Federal High Court in Abuja ordered the petroleum regulator to continue issuing and renewing import licences for three oil marketers. The judgment has reopened questions about the place…
Foreign Worker Order Puts Gambia Central Bank Under Fire
A new directive from The Gambia’s central bank has sparked debate over how far the country should go in prioritising local employment without disrupting its banking sector. The Central Bank of The Gambia has ordered commercial banks to replace…
FG, CREDICORP Team Up to Provide Youths With CNG Tricycles
Young Nigerians in Adamawa State are getting access to a new way of earning a living as CREDICORP begins distributing CNG-powered tricycles under a subsidised credit scheme. The initiative, launched in Yola on Wednesday, is aimed at helping youths…
Nigeria Cuts Interest on Late Tax Payments From October 1
Taxpayers who miss their payment deadlines are set to get some relief as the Federal Government introduces a lower interest rate for overdue taxes from October 1, 2026. The new policy was announced by the Federal Ministry of Finance on Thursday following…
Dangote Dominated Nigeria’s August Petrol Supply With 71%
Nigeria relied far more on locally refined petrol in August as the Dangote Petroleum Refinery supplied nearly three-quarters of the Premium Motor Spirit received in the domestic market. Data from the Nigerian Midstream and Downstream Petroleum Regulatory…
Shipowners Seek Dangote Cargo Deals to Grow Nigerian Fleet
Nigerian shipowners are looking to major companies such as the Dangote Group for a commercial boost that could help expand the country’s indigenous shipping fleet. They want large cargo owners to reserve part of their transportation needs for qualified…
Nigeria’s Oil Output Nears 307m Barrels in Six Months
Nigeria’s petroleum production remained above 1.5 million barrels per day throughout the six months to August, with crude oil and condensate output reaching almost 307 million barrels. Data from the Nigerian Upstream Petroleum Regulatory Commission…
Power Output Climbs to 5,403MW, Nears All-Time Peak
Nigeria’s power sector recorded another strong performance on Tuesday as available electricity generation climbed above 5,400MW, bringing the national grid closer to its previous peak. Data from the Transmission Company of Nigeria showed that 5,403.3MW…
NGX Closes at Record High as Stocks Rally
The Nigerian Exchange continued its strong run on Wednesday, with renewed buying across major sectors sending the All-Share Index to a record closing level. The index gained 576.36 points during the session, rising from 250,614.66 to 251,191.02 points.…