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Economy / Page 6

Port Harcourt, Warri, Kaduna Plants Rot as $3bn Rehabilitation Stalls

21 September 2025

According to reports across Rivers, Kaduna, and Delta States revealed that the massive investment has failed to bring the refineries back to life, raising questions about accountability and deepening concerns over Nigeria’s chronic fuel dependency. The Nigerian National Petroleum Company Limited, NNPCL, has repeatedly pledged to revamp the country’s aging refineries. The most recent round […]

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Dapo Abiodun: Ogun State’s Economy Now Worth ₦16trillion

20 September 2025

The governor disclosed this when he recieved the Strategic Advisor, Fayad Fayad, and the Public Relations and Communication Officer of Mac Group, Hassan Fayad, who paid him a courtesy call in his office at Oke-Mosan, Abeokuta, where the state secured an investment pledge in the range of $1.8 billion to $2.5 billion. The governor attributed […]

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FG Vows To Support South-South Youths In Agriculture

19 September 2025

The South-South Coordinator of the Nigerian Agribusiness and Agro-Industry Development Initiative, Howard Usen, made the vow while speaking at the inauguration of the South-South Youth in Agriculture, Akwa Ibom State Chapter, in Uyo. He said the inauguration marked a turning point in youth participation in agriculture across the region, adding that many associations fail to […]

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FG Launch Agric Reforms, Targets 21 Million Jobs

17 September 2025

The reforms were announced at the Food and Agriculture Organisation’s National and Subregional Hand-in-Hand Investment Forum held in Abuja, Vice President Kashim Shettima unveiled key components of the initiative. According to the Vice President, the new incentives are designed to expand irrigation systems, enhance access to agricultural credit, and scale up large-scale mechanisation, with the […]

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Dangote Refinery Launches Fuel Distribution With CNG-Powered Trucks

15 September 2025

According to report, the trucks have begun taking turns at the gantry to load products despite mounting criticism from industry unions and marketers. Recall the refinery revealed it would begin the direct supply of free petrol across the country on September 15, 2025, describing the move as part of its commitment to easing the burden […]

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Dangote Petrol N65 Cheaper in Togo than Nigeria — Importers Allege

14 September 2025

The allegations were confirmed by the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, and the Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN, in separate interviews with journalists. The controversy comes as Dangote Refinery sets to slash petrol prices from N865 to N841 per litre in Lagos and the South-West, and to […]

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NUPENG Accuses Dangote Refinery of Anti-Union Tactics

12 September 2025

In a statement, NUPENG alleged that Dangote management directed newly recruited drivers of its 4,000 compressed natural gas-powered trucks to remove union stickers and affiliate instead with a company-backed association, the Direct Trucking Company Drivers Association (DTCDA). According to the union, the move is part of a wider strategy to create a parallel structure within […]

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Tinubu Orders Urgent Measures to Cut Food Prices

11 September 2025

The move was disclosed during a capacity-building workshop for Senate correspondents in Abuja by a senior official from the Ministry of Agriculture and Food Security, who said the directive prioritizes securing safe passage for farm produce across key transport routes. The goal is to ease logistics bottlenecks and reduce rising costs linked to food distribution. […]

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FG Publishes New Tax Reforms Law In Official Gazette

10 September 2025

This was contained in a statement signed by the Personal Assistant on Special Duties to the President, Kamorudeen Yusuf, which was signed into law by President Bola Tinubu on June 26, 2025, the reforms establish a new foundation for taxation, administration, and revenue collection. The four legislations are, Nigeria Tax Act, NTA, 2025, Nigeria Tax […]

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NUPENG Suspends Strike as Dangote Accepts Union’s Demands

10 September 2025

The deal was reached in a closed-door meeting fixed by the Department of State Services, DSS, and attended by the Minister of Finance, Wale Edun and representatives of the Nigeria Labour Congress. The outcome was confirmed by the Acting NLC General Secretary, Benson Upah, while the Ministry of Labour stated that it would issue a […]

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