Dangote Refinery Cuts Fuel Price to ₦970 Per Litre
|By Adejumo Adekunle – Dangote Petroleum Refinery has announced a price reduction for its Premium Motor Spirit (PMS), commonly known as petrol, now available at ₦970 per litre. Customers are…
AfDB Expands Agro-Industrial Programme to 21 More States
|By Adejumo Adekunle – The African Development Bank (AfDB) has onboarded 21 states for the second phase of its Special Agro-Industrial Processing Zones (SAPZ) Programme, aimed at transforming Nigeria’s agricultural…
Naira Weakens Further Against Dollar Despite Increased FX Turnover
|By Adejumo Adekunle – The naira depreciated further against the dollar on Wednesday, losing value at both the official and black markets. According to FMDQ data, the official exchange rate…
Dangote Refinery Outpaces Global Giants with $20bn Facility
|By Adejumo Adekunle – Dangote Refinery has achieved a feat unmatched by international oil giants like Shell, ExxonMobil, and Chevron by constructing a $20 billion refinery in Nigeria. Devakumar Edwin,…
Dangote Refinery Begins Exporting Fuel to West Africa
|By Adejumo Adekunle – The Dangote Petroleum Refinery has commenced exporting refined petroleum products to West African countries, marking a significant step in reshaping the region’s fuel markets. A report…
MC Oluomo Defies Court, Assumes NURTW Presidency
|By Adejumo Adekunle – Despite the Court of Appeal nullifying his presidency, Musiliu ‘MC Oluomo’ Akinsanya assumed office on Tuesday as the National President of the National Union of Road…
NAFDAC Warns Retailers: Compliance or Crisis in Regulated Markets
|By Adejumo Adekunle – The National Agency for Food and Drug Administration and Control (NAFDAC) has urged businesses to prioritize strict adherence to health and safety regulations, highlighting the…
World Bank Flags $32M Missing in Nigeria’s Water Project, Demands Accountability
|By Adejumo Adekunle- The World Bank has uncovered $32 million in unaccounted funds tied to Nigeria’s water infrastructure project, according to its FY2024 Sanctions System Annual Report. The missing…
Nigeria’s Debt Spiral: External Borrowing Soars Toward $45.1 Billion Amid Mounting Repayment Costs
|By Adejumo Adekunle- Nigeria faces a growing debt challenge as external borrowing is projected to hit $45.1 billion by the end of 2024, fueled by the Federal Government’s new…
Dangote Refinery to Begin Fuel Exports Across Africa Amidst Tensions with Nigerian Marketers
|By Ejalonibu Kolawole The Dangote Refinery and Petrochemical is set to kick off fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH has confirmed. An exclusive source told…
