Dangote Refinery Petrol Supply Hits 75M Litres Daily, New Prices
Dangote Petroleum Refinery announces it can supply 75 million litres of petrol daily, exceeding Nigeria's 50 million litre consumption, while raising prices to N799 per litre.
Category : Business
Naira Hits ₦1,392/$ High as CBN Adjusts Rates, Reserves Rise
Nigeria's naira surges to ₦1,392 per dollar, its strongest level in two years, supported by CBN reforms, rising external reserves, and favorable oil prices. Analysts express cautious optimism for sustained gains.
Nigerian Lady Gets Job Without Applying, Impresses Manager
A Nigerian woman's confidence and problem-solving skills impressed a hotel manager so much that she was offered a department head position she never applied for.
Venezuela Approves Law Opening Oil Industry to Foreign Companies
Venezuelan lawmakers have passed sweeping reforms allowing foreign companies to manage oilfields, aiming to attract investment amid US pressure and sanctions easing.
Nigerians to Pay for 'Free' Meters via Tariffs, BPE Explains
The Bureau of Public Enterprises clarifies that while prepaid meters are installed at no upfront cost, consumers ultimately pay through electricity tariffs, amid disputes with DisCos over funding.
Colombia Plane Crash Kills Lawmaker, 14 Others
A Satena-operated passenger plane crashed in northeastern Colombia, killing all 15 aboard including lawmaker Diogenes Quintero. Authorities confirm no survivors as investigation begins.
Dangote Refinery Reopens Gantry After Price Shock
Dangote Refinery has resumed petrol loading operations following a brief suspension due to a price increase, forcing marketers to reconcile accounts as ex-depot rates rise by ₦100 per litre.
NGX Gains N232bn as Market Reverses Previous Losses
The Nigerian stock market reversed its previous day's decline, with market capitalization rising by N232 billion despite a drop in trading volume and turnover on Thursday.
2026 Tax Reforms: Enforcement Begins with Digital Income
Nigeria's 2026 tax reforms shift from persuasion to enforcement, targeting digital income and offering employer incentives. Learn how to calculate personal income tax under new rules.
Godwin Emefiele: Where is Former CBN Governor Now?
Former Central Bank of Nigeria Governor Godwin Emefiele has retreated from public life after facing financial misconduct allegations. This article explores his current situation, legal battles, and career background.
Mother Continues Late Son's Fish Business Despite Grief
The mother of late Anambra businessman Fish Magnet receives widespread praise for courageously continuing his fish business after his tragic kidnapping and murder, keeping his legacy alive.
Colombian Lawmaker Dies in Plane Crash with 14 Others
A twin-propeller aircraft carrying Colombian lawmaker Diogenes Quintero and 14 others crashed near the Venezuelan border, with no survivors reported by aviation authorities.
Experts Chart Path to Clean Energy Cooking in Nigeria
Industry leaders and policymakers gathered in Lagos to discuss strategies for accelerating Nigeria's transition to clean cooking solutions, with BURN Manufacturing leading the charge through carbon finance and local production.
FG Lowers Oil Block Entry Costs to $3-7M in 2025 Bid
Federal Government reduces signature bonuses for 50 oil blocks to attract investment and boost production to 2.7 million barrels daily by 2027 through transparent digital bidding.
Royal Navy Chases Russian Ship from UK Waters Near Cables
A Russian cargo vessel was escorted away from UK waters by a Royal Navy attack helicopter after anchoring near critical undersea telecommunications infrastructure off Somerset coast.
Nigeria Earns N55.5tn from Crude Oil Sales in 2025
Nigeria generated an estimated N55.5 trillion from crude oil sales in 2025, marking a significant increase from the previous year's N50.88 trillion. This growth is attributed to improved production levels and favorable oil prices, though analysts caution
Nigeria Opens 50 Oil Blocks for Bidding in 2025 Round
The Nigerian government has launched a major licensing round offering 50 oil and gas blocks across five sedimentary basins, targeting $10 billion in investments with strict technical and financial requirements.
Why Most Aircraft Are Painted White
Discover the key reasons why white is the dominant color for aircraft worldwide, from heat management and cost savings to safety and branding advantages.
BUA Foods Doubles Profit to N507.7 Billion in 2025
BUA Foods Plc, Nigeria's most valuable listed company, announced record net profit of N507.7 billion for 2025, nearly double 2024 figures. Revenue grew 18.1% to N1.80 trillion driven by sugar, flour, pasta, and rice segments.
DStv Introduces Shared Subscription Payments for 2026
DStv announces shared subscription payments, decoder discounts, new channels, and flexible payment options as part of its 2026 updates for African customers.
Traders Fair 2026 Returns to Lagos for Financial Summit
Lagos prepares to host Traders Fair 2026 at the Lagos Continental Hotel on April 10, 2026. This major financial event brings together traders, investors, and fintech leaders for education, networking, and industry insights.
Dangote Refinery Petrol Price Hike Sparks Nationwide Surge
Dangote Refinery's N100 per litre petrol price increase has triggered immediate adjustments by depot owners nationwide, with experts citing rising global crude oil prices and geopolitical tensions as key drivers of the cost surge.
NNPC Increases Petrol Prices Across Nigeria After Dangote Hike
The Nigerian National Petroleum Company Limited has adjusted petrol pump prices at its retail outlets nationwide, with Lagos now at N840 per litre and Abuja at N875 per litre.
Dangote Refinery Raises Petrol Price by N100 Per Litre
Dangote Petroleum Refinery has increased Premium Motor Spirit ex-depot price to N799 per litre, requiring marketers to pay extra N100 on processed orders and causing retail price spikes in Abuja.
Customs Seizes N36.5m Expired Raw Materials, Transfers to NAFDAC
Nigeria Customs Service intercepts expired raw materials worth N36.5 million at Kirikiri terminal, hands over to NAFDAC. Acting comptroller reveals false declaration case involving empty suitcases.
Oyedele Explains Opposition to Nigeria's Tax Reforms
Taiwo Oyedele, chairman of the presidential tax reforms committee, says resistance comes from long-term tax evaders fearing exposure. He compares Nigeria's low revenue to South Africa's performance.
Mshel Homes Launches Hutu Pent Haven in Abuja
Mshel Homes introduces Hutu Pent Haven, a residential estate in Abuja featuring unique amenities like hiking trails, a science museum, and Africa's largest chessboard.
Free Registration for 250,000 MSMEs via SMEDAN
The Federal Government has approved free registration for 250,000 micro, small and medium enterprises through SMEDAN's digital portal to boost formalization and economic recovery.
Dollar Crashes to 4-Year Low, Naira Strengthens
The US dollar has fallen to its weakest level in four years, prompting global currency movements. The Nigerian naira appreciates against the dollar but faces pressure from other major currencies.
Climate Change Worsens Southern Africa Floods, 100+ Dead
Human-caused climate change intensified torrential rains in southern Africa, causing devastating floods that killed over 100 people and displaced 300,000 across Mozambique, South Africa, and Zimbabwe.
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