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Economy / Page 2

Dangote Refinery Set To Begin Selling Petrol at N739 Per Litre

15 December 2025

The Dangote Petroleum refinery and its partners are set to begin selling petrol at N739 per litre, coming two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. The President of the Dangote Group, Alhaji Aliko Dangote, in a chat with journalists at the Lekki refinery, said he was […]

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Dangote Refinery Cuts Petrol Ex-Depot Price to N699

12 December 2025

The Dangote Petroleum Refinery has again slashed its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre, a 15.6% drop. Real-time data from Petroleumprice.ng confirmed the new benchmark, which was also verified by a refinery official who said the facility is committed to maintaining competitive local pricing. The latest cut marks […]

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NNPC Confirms Explosion on Escravos-Lagos Gas Pipeline

12 December 2025

The Nigerian National Petroleum Company Limited (NNPC) has confirmed an explosion on the Escravos-Lagos Pipeline near the Tebijor, Okpele, and Ikpopo communities in Gbaramatu Kingdom, Delta State, raising renewed safety concerns. According to the company’s Chief Corporate Communications Officer, Andy Odeh, a sudden pressure drop on the line indicated a loss of containment on a […]

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Dangote Stops Salaries of Sacked Engineers Amid Redeployment Dispute

8 December 2025

The Dangote Petroleum Refinery has stopped the monthly salaries of engineers laid off during its dispute with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The workers say their salaries were cut after many of them refused redeployment to states such as Zamfara, Borno, Benue, and Sokoto. Some engineers said they were […]

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Petrol Rises Above N1,000/ltr as Tinubu okays 15% Import Tariff

31 October 2025

This follows President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports, as part of the government’s strategy to protect local refiners and reduce the influx of cheaper imported products that threaten domestic refining investments. The new policy is set to take effect after a 30-day transition period, expected […]

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ADC Alleges FG Manipulating Food Prices For Political Advantage

28 October 2025

The party’s spokesman, Bolaji Abdullahi, in a statement, the accused President Bola Tinubu administration of being dishonest in its claim of increased local food production and a decline in the cost of food items. The ADC said it is deeply concerned by the “Federal Government’s misleading narrative around the so-called drop in food prices. “Contrary […]

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Dangote Assures Nigerians of Adequate Supply of PMS During Ember Months

27 October 2025

The business mogul gave the assurance while announcing the expansion of the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million barrels per day. According to him, prices of petrol will not be hiked during the ember months, despite recent global price increases. “In the last three days, we have witnessed an […]

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Kano, 2 Other States Sign ₦50 Billion Energy Investment Deal

21 October 2025

According to a statement issued by the Governor’s Spokesperson, Sanusi Bature Dawakin Tofa, the landmark deal marks a major step toward strengthening energy security and accelerating economic transformation in Northern Nigeria. The agreement, finalized during the High-Level Electrification Summit held in Marrakech, Morocco, from October 16th to 19th, 2025, will see the three states jointly […]

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Senate Approves Bill to Create Mines Rangers Service

21 October 2025

The bill, sponsored by Senator Mohammed Onawo (SDP–Nasarawa), seeks to provide a legal framework for safeguarding mining operations, enforcing environmental and safety regulations, and promoting sustainable mining practices in Nigeria’s extractive sector. According to Onawo, the NMRS will be tasked with responsibilities such as curbing illegal mining, rescuing trapped miners, providing emergency medical response, investigating […]

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Lagos to Host International Blue Economy Summit Ahead of COP30

21 October 2025

In a statement signed by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, the Governor stated that Lagos has continued to demonstrate leadership in subnational climate action and developing practical mechanisms for city-level climate finance. The Governor also reiterated that the state has been developing blue bonds and nature-based coastal protection projects that […]

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