Category: Business

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…

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…

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Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and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…

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…

….. 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…

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…

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…

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 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…

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 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…

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…

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…

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…

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…

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…

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…