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 …
President Bola Tinubu has approved significant interventions in the Nigerian aviation sector to prevent the imminent shutdown of operations by domestic airlines over the high cost of fuel. Speaking after a high-level emergency stakeholders’ meeting on Wednesday, Minister of Aviation and Aerospace Development, Festus Keyamo, said President Tinubu approved debt relief and a tax review …
Minister of Power Adebayo Adelabu has officially resigned his position to run for governor of Oyo State in 2027. In a letter dated April 22, 2026, and addressed to President Bola Tinubu and routed through the Secretary to the Government of the Federation (SGF), Adelabu stated that his resignation takes effect on April 30, 2026. …
Dangote Group has achieved its first oil from its upstream assets in the Niger Delta, marking its entry into crude production. The company is currently producing 4,500 barrels per day (bpd) from the Kalaekule field on Oil Mining Lease (OML) 72. Vice President of Dangote Group's Oil and Gas Division, Devakumar Edwin, disclosed …
Nigeria’s power sector continues to grapple with a deepening liquidity crisis as the Electricity Distribution Companies (DisCos) recorded a staggering ₦1.591 trillion in revenue losses over the last three years. The losses, driven by inefficiencies in the collection of bills, highlight the persistent struggle of the Nigerian Electricity Supply Industry (NESI) to achieve financial sustainability …
In a major step toward transforming Nigeria’s dairy industry, Nestlé Nigeria Plc and the Federal Ministry of Livestock Development have signed a Memorandum of Understanding (MoU) to create a Dairy Technical Skills Development Centre in Paikon Kore, Gwagwalada. Located at the existing Nestlé Dairy Demonstration Farm, the new centre aims to boost technical capacity, improve …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Independent Petroleum Producers Group (IPPG) to uphold industry benchmarks, invest in human capital, and strengthen corporate governance. The Commission Chief Executive, Mrs. Oritsemeyewa Eyesan, made the appeal during a courtesy visit by an IPPG delegation led by its Chairman, Mr. Adegbite Falade, at NUPRC's …
Business leaders and executives across Nigeria have been urged to adopt intentional strategies for empowering their workforce as the key to unlocking long-term organisational success. The advice was given during the Emages Executive Talk Show 3.0 organised by Emages Multimedia Ltd through its professional network, Executive Platforms, at The Providence Hotel, Lagos. The one-day high-level …
The Federal Competition and Consumer Protection Commission (FCCPC) has commended a judgment of the Federal High Court, Abuja, that affirmed the Commission’s authority to investigate consumer complaints. In a ruling delivered on Monday, April 20, Justice James Omotosho, dismissed a suit filed by Air Peace Limited challenging the FCCPC’s authority to investigate consumer complaints and …
