The easing of crude oil prices in the international market has raised expectations of a significant drop in petrol pump prices across retail stations in Nigeria; however, consumers groan over what they consider a “token” adjustment in prices by marketers. Crude oil had surged to a peak of $120 per barrel following geopolitical tensions in …
The Dangote Refinery has expanded its crude sourcing to include cargoes from the United Arab Emirates (UAE), marking a notable shift in its supply chain strategy. According to a report by S&P Global Commodity Insights, the $20 billion refinery recently imported two cargoes of crude oil from the UAE, marking its first-ever procurement of Middle …
Across major Nigerian cities, angry tenants cry foul as landlords and caretakers cash in on the crumbling economy Desperate Tenants Crowdfund and Share Rooms to Survive Rent Hikes While Nigerians battle the high cost of fuel, food, transportation and healthcare, the rising cost of house rents has added a fresh layer to the country's …
President Bola Ahmed Tinubu on Friday, June 26, assented to the National Identity Management Commission (NIMC) Act 2026. The signing took place at the State House, Abuja, in the presence of the Senate President, Godswill Akpabio, the Deputy Speaker of the House of Representatives, Benjamin Kalu, and the House Leader, Julius Ihonvbere. Others who witnessed …
Despite fresh budgetary allocations, intervention funds, debt repayments, and financial support aimed at reviving Nigeria's electricity industry, millions of Nigerians continue to grapple with poor power supply. As the government injects more resources into the sector, stakeholders have continued to express concerns over the impact. Over the past year, Nigeria's power sector has witnessed one …
Dangote Refinery has further cut its ex-depot price of Premium Motor Spirit (petrol) from ₦1,175 to ₦1,125 per litre, reflecting a ₦50 reduction. This was confirmed in a notice sent by the refinery to its customers, where it indicated that the gantry loading price has been reduced from ₦1,175 per litre to ₦1,125 per …
The Nigerian Senate on Wednesday passed a bill to allow the establishment of state police in the country. The red chamber approved the bill after considering the report of its Committee on the Review of the Constitution, presented by Deputy Senate President Barau Jibrin, who is also the committee chairman. This comes 24 hours after …
In a remarkable demonstration of community-led environmental action, more than 60,000 primary school students across Lagos have collected over 1 million used MILO plastic wrappers out of drainage systems and dumpsites, transforming them instead into functional school gear. The exercise was part of the MILO Elevate Recycling Initiative, a school-based competition designed to mark World …
The company says claims that its products are shipped to Togo and brought back into Nigeria lack commercial logic and contradict its business objectives. Dangote Petroleum Refinery has debunked allegations that its refined petroleum products are exported to Lomé, Togo, and subsequently re-imported into Nigeria, dismissing the claims as unsubstantiated and commercially illogical. In …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have joined forces to secure Nigeria’s oil and gas infrastructure and curb oil theft. Moving beyond traditional military force, the new partnership will focus on non-kinetic interventions, community engagement, and advanced technology to stabilize national oil production. The agreement was solidified during …
