Business

The Economic Community of West African States has announced plans to activate a 260,000-strong rapid deployment counter-terrorism brigade, with an annual funding requirement of $2.5bn.‎‎President of the Commission, Omar Touray, disclosed this at the 2025 African Chiefs of Defence Staff Summit in Abuja, with the theme “Combating Contemporary Threats to Regional Peace and Security in […]

Despite the fourth consecutive decline in the country’s inflation rate, Nigerians and businesses are yet to experience the much expected relief.‎‎News men reported that Nigeria’s inflation dropped to 21.88 percent in July from 22.22 percent in June. A decline has been the case since April 2025, when it stood at 23.7 percent on a month-on-month […]

Political party leaders in Kano State have signed a peace accord as part of measures to ensure peaceful and violence-free conduct during the upcoming by-election scheduled for Saturday, 16th August 2025.‎‎According to a statement on Tuesday by the Public Relations Officer of Kano State Police Command, SP Abdullahi Haruna, the peace accord was signed during […]

The National Association of Nigerian Students on Monday urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari to boost the capacity of local refineries in the country. NANS national president, Olushola Oladoja, in a statement signed by him, described Ojulari as a thoroughbred professional whose extensive experience, integrity, and […]

Foreign investors sold off equities worth N576.09bn on the Nigerian Exchange between January and June 2025, representing an 84.97 per cent increase from the N311.41bn withdrawn in the same period of 2024. The outflows exceeded foreign inflows, which stood at N559.25bn, resulting in a net negative foreign portfolio position of N16.84bn over the six months. […]

The Natural Oil and Gas Suppliers Association of Nigeria has warned that the Dangote Petroleum Refinery’s plan to bypass existing distribution channels and supply refined petroleum products directly to end-users would lead to a nationwide disruption, long-term product scarcity, and the collapse of existing supply networks. The oil and gas suppliers called on the refinery […]

Nigerian National Petroleum Company Limited has reduced its premium motor spirit price for the second time in one week,  the state-owned oil firm today, adjusted its petrol price to N890 per litre from N895, representing N5 per litre downward price review.‎‎While NNPCL retail outlets dispense fuel at N890 per litre, Dangote Refinery’s retail partners, such […]

The Dangote Petroleum refinery has begun exporting Premium Motor Spirit, selling approximately 1.35 billion litres of petrol to other countries worldwide in the past 50 days.‎‎President of the Dangote Group, Alhaji Aliko Dangote, disclosed this at the ongoing Global Commodity Insights Conference on West African Refined Fuel Markets hosted by the Nigerian Midstream and Downstream […]

The Dangote oil refinery is planning to end crude importation by December 2025. The refinery is willing to rely fully on Nigerian crude by the end of the year, a move that would replace hundreds of thousands of barrels a day of imported oil.‎‎News men reported that the plant received about half of its crude […]