Dangote Refinery's 5 Products Reshaping Nigeria's Economy
Dangote Refinery's production of petrol, diesel, jet fuel, petrochemicals, and detergent materials is reducing Nigeria's import dependence and boosting local industries.
Category : Business
Lagos Seals Ladipo Market Over Environmental Violations
The Lagos State Government has sealed Ladipo Spare Parts Market due to repeated environmental infractions, including indiscriminate refuse disposal and illegal street trading.
Techno Oil Begins LPG Cylinder Production in Nigeria
Techno Oil has launched a major LPG cylinder manufacturing operation in Nigeria, producing 5 million cylinders annually with rigorous safety standards to make cooking gas safer and more affordable.
NPA, PEBEC, PCEC Target 7-Day Cargo Dwell Time
Nigerian Ports Authority, PEBEC, and PCEC conclude Lagos stakeholder engagement aiming to slash cargo dwell time to 7 days through operational reforms and digital systems.
Naira Strengthens as Reserves Surge to $46.91 Billion
Nigeria's naira appreciated by 1.5% as external reserves climbed to $46.91 billion, stabilizing both official and parallel markets with improved FX inflows and reduced outflows.
CAC Removes 400,000+ Firms, Goes Fully Digital
Nigeria's Corporate Affairs Commission has delisted over 400,000 non-compliant companies while implementing a complete digital registration system to enhance business operations.
Nigeria's $2.5 Billion Power Stabilization Strategy Unveiled
The Federal Government has announced a comprehensive $2.5 billion strategy to settle power sector debts and upgrade transmission infrastructure, aiming to stabilize electricity for 12 million customers.
Adaora Umeoji: Breaking Barriers in Nigerian Banking
Zenith Bank's first female CEO Adaora Umeoji celebrates her birthday while leading Nigeria's most profitable bank and inspiring women in corporate leadership.
Nigerian Lady Hired on Spot After Interview Statement
A Nigerian job seeker secured immediate employment after making a specific statement during her interview, showcasing the power of strategic communication in career advancement.
Lady Seeks Business Funds from Men, Says No to Favors
A Nigerian hairstylist has sparked online debate after publicly requesting financial assistance from men to start her business, explicitly stating she won't offer favors in return for the support.
Lady's N3.8m Solar Setup Powers AC, Fridge 24/7
A Nigerian woman shares her experience switching to solar energy, spending N3.8 million for a system that powers her air conditioner and refrigerator round-the-clock.
Lafarge Africa Expands Cement Plants in Nigeria
Lafarge Africa announces expansion of Ashaka and Sagamu cement plants to 5.5 million metric tonnes annually, sparking market optimism but analysts caution on price reductions.
Nigeria to Resume Fuel Imports Amid Dangote Refinery Issues
The Nigerian government will restart petrol and diesel import permits by mid-February 2026 due to supply concerns as Dangote Refinery experiences falling crude deliveries and rising prices.
Rice Price Hike Looms as Nigeria Considers Import Ban
The Nigerian government faces a critical decision on rice imports that could reverse recent price drops. Experts warn that closing import channels may trigger inflation while protecting local farmers.
Nigeria's Power Failure: 4 Presidents, ₦7 Trillion, No Light
Nigeria has spent approximately ₦7 trillion on electricity since privatization in 2013, yet power supply remains unstable under four successive administrations. Experts blame partial privatization, corruption, and weak political will for the persistent da
Top 10 States With Highest FAAC Allocation in 2025
Delta State leads Nigeria's 2025 FAAC allocation rankings with ₦649.67 billion, followed by Rivers and Lagos States. Analysis reveals oil production and commercial activity drive fiscal distributions.
Lady Dozzy Champions Igbo Manufacturers at SEV2050 Launch
Lady Ada Chukwudozie joined Vice President Shettima and Southeast governors to launch the SEV2050 blueprint, highlighting manufacturing advantages and challenges in the region.
NUPRC Raises Alarm Over Illegal Oil Exploration in South
The Nigeria Upstream Petroleum Regulatory Commission warns that illegal oil activities in southern regions are reducing funds for host community development and have caused deadly incidents.
SMEDAN: Nigerian Entrepreneurs Misuse Business Loans
SMEDAN reveals Nigerian entrepreneurs divert MSME loans for personal expenses like weddings and cars, threatening funding schemes and small business growth.
Nigerian Workers See Higher Take-Home Pay After Tax Reforms
Nigeria's tax reforms under President Tinubu are delivering tangible benefits to salary earners, with reduced PAYE deductions leading to higher net pay for workers across income brackets.
Naira, 4 African Currencies to Strengthen Against Dollar
The Nigerian naira has appreciated significantly, trading at a two-year high against the US dollar. Experts predict further gains for naira and four other African currencies due to improved forex supply and economic factors.
Nigeria's Reforms: Pain to Progress for Millions
Analysis of Nigeria's economic reforms from 2023-2025 shows initial hardship followed by gradual stabilization, with staple prices easing and targeted interventions providing relief.
Chisco Launches Vehicle Assembly Plant, Challenges Innoson
Chisco Transport has officially launched a vehicle assembly plant in Lagos, rolling out 80 luxury buses and 40 trucks to compete with Innoson in Nigeria's growing auto industry.
Dangote Refinery's 91-Bay Gantry to Boost Fuel Distribution
Dangote Petroleum Refinery has revealed its high-capacity gantry loading facility with 91 bays, capable of evacuating nearly 3,000 trucks daily to enhance fuel supply efficiency and reduce logistics costs across Nigeria.
Japan to Restart World's Largest Nuclear Plant Next Week
Japan will restart the Kashiwazaki-Kariwa nuclear plant next week after fixing an alarm malfunction. This marks TEPCO's first reactor restart since Fukushima 2011, amid local opposition and national energy strategy.
Dangote Refinery Exports to Ghana Could Impact Regional Fuel Costs
Ghana's move to import petrol from Nigeria's Dangote Refinery could reshape West Africa's energy market, potentially affecting pump prices across the region while highlighting Nigeria's growing refining dominance.
NNPC Details Why It Shut Down Nigeria's 4 Refineries
NNPC Limited has revealed that Nigeria's four government-owned refineries were shut down due to persistent commercial losses, low utilization rates, and rising operating costs.
Dangote Refinery to Produce Detergent Raw Material Locally
Dangote Refinery announces plans to produce surfactants locally, reducing import dependence and potentially lowering detergent prices in Nigeria and West Africa.
Naira Declines in Forex Market as Exchange Gap Widens
The Nigerian naira fell by 0.57% against the US dollar in the official foreign exchange market, ending a three-day appreciation streak as dollar demand surged against limited supply.
Dangote Cuts Petrol Price to N839 Nationwide
Dangote Refinery confirms petrol now sells at N839 per litre, marking significant reduction from previous highs while emphasizing role of local refining in lowering fuel costs across Nigeria.
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