The life of a small-scale grocery seller in Plateau State, Ejiofor Akujieze, has taken a transformative turn after he was named the grand prize winner of ₦5 million in the recently concluded Golden Morn Golden Hunt. The nationwide initiative, launched by Nestlé Nigeria, distributed about ₦80 million in total rewards to consumers across the country. …
The United Arab Emirates (UAE) has announced its decision to withdraw from the Organisation of Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance. The Gulf state made this known on Tuesday, April 28, saying it takes effect May 1, 2026. The decision marks a significant shift in global energy geopolitics, as the UAE was …
The Federal Government plans to include Aviation Turbine Kerosene (ATK) in the Naira-for-Crude initiative as part of an emergency response to the ongoing aviation fuel crisis. It was one of the recommendations made by a technical committee convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), following a series of high-level stakeholder meetings …
The Nigerian National Petroleum Company Limited (NNPC) has stated that its crude oil trading has risen to a five-year high of 1.71 million barrels per day (mbd) within the last one year under the watch of its Group Chief Executive, Bayo Ojulari. This is contained in NNPC’s newly released One-Year Mandate Report covering April 2025 to …
Industry analysts and domestic airline operators have called on the Nigerian government to address the root cause of the aviation fuel price hike to bring relief to operators who have continued to absorb the soaring costs. They argued that while the approval of a 30 per cent discount on outstanding debts owed by domestic …
The Nigeria National Petroleum Company Limited (NNPC) has debunked information currently circulating, which claims that the Company is selling scrap materials, and equipment from its refineries to individuals and private companies. In a statement signed by the NNPC Chief Corporate Communications Officer, Andy Odeh, the national oil firm described the information as “misleading and false”, …
Africa’s leading industrialist, Aliko Dangote, has reiterated his position that true industrialisation of the continent can only be achieved by African investors leading the charge, not foreigners. Dangote argued that the continent must reduce its dependence on foreign investors to achieve sustainable economic growth. Speaking during a presidential panel session at an infrastructure summit in …
As global crude oil prices surge above $100 per barrel following the blockade of the Strait of Hormuz, Nigerian households and businesses are bracing for a prolonged period of economic pain. The Strait of Hormuz, a critical maritime route through which about 20 per cent of the world’s oil and gas supply passes daily, has …
Africa’s richest man, Aliko Dangote, has revealed plans to construct a new 650,000-barrel-per-day (bpd) oil refinery in East Africa, a project that could reshape the region’s energy landscape and challenge the dominance of European and Middle Eastern fuel imports. Dangote made this known on Thursday while speaking during a presidential panel at the “Africa We …
The Lagos State Government is facing a wave of public backlash following its confirmation of mandatory permit fees for residential estates seeking to install solar energy systems. Critics of the policy described it as a “tax on sunlight” and a major setback to renewable energy adoption in Africa’s largest city. The public outrage emanated after …
