Spotlight: Dangote, Russia, and the Battle for Nigeria’s Oil Future
Aliko Dangote built his empire on cement and sugar, but his grandest gamble is oil. Rising from the swampy flats of Lekki, just outside Lagos, the $20bn Dangote Refinery was…
India buys Nigerian crude as Dangote imports US oil
Refineries in India are buying Nigerian crude while the country’s Dangote Petroleum Refinery is largely running on American oil, The PUNCH reports. In a twist that underscores the complexities of…
Marketers drop petrol prices below Dangote’s cost
Importers have dropped petrol prices below the price offered by the Dangote Petroleum Refinery, sparking a new wave of competition. This comes amid a call by the President of the…
Dangote Refinery Withdraws ₦100bn Lawsuit Against NNPCL, MMDPRA, Others
Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum…
I’m Vindicated, Says Onasanya as Court Throws Out Loan Controversy Case
Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out the controversial loan-related case involving…
UBA’s LEO Becomes Africa’s First Chatbot to Enable Cross-Border Payments
….. Revolutionises Remittances with PAPSS Instant Payment Service Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced that its Artificial Intelligence chatbot, LEO is now enabled to carry…
Focus: Implications for Nigeria as Canada Tightens Immigration Financial Requirements
In a notable shift reflecting growing global migration policy tightening, the Government of Canada has raised the financial threshold for applicants under its popular Express Entry immigration system, particularly those…
NNPC CEO Ojulari hints at refinery sales over rehabilitation challenges
Bayo Ojulari, Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, has acknowledged growing complexities in the effort to revamp Nigeria’s state-owned refineries. Although the Port…
Boston Museum Returns Looted Benin Artifacts to Oba of Benin
In a significant milestone for cultural restitution and historical justice, the Museum of Fine Arts, (MFA) Boston, formally returned two looted artifacts from the historic Benin Kingdom to His Royal…
Dangote Slashes Ex-Depot Petrol Price To ₦840 Per Litre
Dangote Petroleum Refinery has reduced the ex-depot price per litre of petrol from ₦880 to ₦840. The downward review of the price of the premium commodity was confirmed in an…
Business Icon Aminu Dantata Dies At 94
Nigeria has lost one of its most influential businessmen and philanthropists, Alhaji Aminu Dantata, who passed away on Saturday, June 28, 2025, just 43 days after celebrating his 94th birthday.…
Saboteurs working against corruption-free transformation — NNPC
The new leadership of the Nigerian National Petroleum Company Limited, led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts…
MultiChoice slashes DStv decoder price by 50% as subscribers drop
MultiChoice Nigeria has announced a 50 per cent reduction in the price of its DStv decoder, cutting the cost from ₦20,000 to ₦10,000, in a strategic move to tackle a…
NNPC, oil marketers hike petrol pump price to N945 in Abuja, N915 in Lagos
The Nigerian National Petroleum Company, NNPC, Limited and other petroleum marketers, on Monday, raised petrol pump price in Abuja and Lagos, following rise in crude oil price at the international…
Fact File: Tony Elumelu – The Godfather of Africapitalism
In a continent teeming with noise, few have mastered the art of silent impact like Tony Onyemaechi Elumelu. While others build wealth for spectacle, he builds systems for posterity. At…
Dangote vows downstream overhaul to ‘shake’ oil sector
The President of the Dangote Group and founder of the Dangote Petroleum Refinery, Aliko Dangote, says there will be an announcement of what he calls a major ‘shakedown’ in the…
Guns Before Bread: Tinubu’s Obsession with War Machines While Nigerians Starve
In a nation where over 63% of the population lives in multidimensional poverty and millions go to bed hungry each night, President Bola Tinubu’s administration is doubling down; not on…
FIRS Onboards Taxpayers As E-Invoicing Kicks Off July 25
The Federal Inland Revenue Service (FIRS) has begun to onboard large taxpayers on its Merchant Buyer Solution (MBS) interface ahead of the full implementation of the National E-Invoicing project, scheduled…
SERAP Sues CBN Over Alleged Failure To Disclose LG Allocations
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria “over the failure to disclose the details of any direct payments to the…
Dangote Named On TIME’s 100 Global Philantrophy List
Africa’s richest man, Aliko Dangote, has been named on TIME Magazine’s inaugural TIME100 Philanthropy list, recognising the world’s most influential individuals shaping the future of charitable giving. Dangote is the…