•Dangote Refinery The Nigerian National Petroleum Company Limited has told the Federal High Court sitting in Lagos that petroleum products from the Dangote Petroleum Refinery and Petrochemicals FZE are sold at “significantly high and fluctuating market prices”, warning that granting the refinery’s requests could hand it monopoly control of Nig...
The Federal High Court in Abuja has stopped a beverage company, Mamuda Beverages Nigeria Limited, from producing its “pop power” energy drink over allegations bordering on trademark infringement pending the hearing and determination of substantive suit. Justice Binta Nyako restrained Mamuda Beverages Ltd from further production of the dr...
•Tinubu Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has lamented the unprecedented rise in public debt under President Bola Tinubu, noting that the N65.9 trillion borrowed by the administration in the last 24 months is more than five times the total debt Nigeria incurred in the first 55 years of […]
•Akinbola A banking professional and doctoral researcher with over 12 years of experience across four leading commercial banks in Nigeria, Oluwaferanmi Akinbola, has made a compelling case for why Nigeria’s banking sector must pay greater attention to the experiences, development, and inclusion of temporary employees, who continue to play crit...
•Charcoal Rising energy and living costs in the Federal Capital Territory (FCT), Abuja and environs have forced many residents to abandon Liquefied Petroleum Gas (LPG) for firewood and charcoal to meet household demands. With cooking gas prices fluctuating between N1, 400 and N1, 500 per kilogram, households are adopting cheaper, traditional c...
•Port Harcourt refinery The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about 51 per cent in the Port Harcourt and Warri refineries as part of a broader plan to rehabilitate and commercially reposition the facilities. Details of the arrangemen...
•Dangote and Otedola The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery. He revealed his plans today after leading top executives of First HoldCo to Dangote refinery. Otedola’s planned investment is part of the $2 billion private placement Dangote refinery is targeting from private invest...
•Nigeria Labour Congress The Nigeria Labour Congress (NLC) has urged workers to prepare for another major confrontation with the federal government over wages and welfare as economic hardship continues to bite across the country. President of NLC, Joe Ajaero, gave the indication yesterday in Abuja during the unveiling of the roadmap for the 50...
•Governor of the Central Bank, Olayemi Cardoso The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting, which recorded the attendance of 11 members. The Governor of the Central Bank, Olayemi Cardoso, who spoke at the end of the […]
A tax expert and auditor, Olayinka Oyebola, has called for the urgent alignment of Nigeria’s tax system with global best practices, saying such reforms are necessary to strengthen compliance, improve efficiency, and enhance the country’s economic competitiveness. Oyebola, who is the Managing Partner of Olayinka Oyebola & Co Consult, made t...
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