The Dangote Petroleum Refinery has finally stopped the sale of Premium Motor Spirit (petrol) to major marketers importing petroleum products into Nigeria. An official of the refinery confirmed this to our correspondent, saying the refinery would no longer sell petrol to those blending Dangote fuel with imported grades, reports The PUNCH. “We a...
•Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo The federal government has warned that companies awarded access to Nigeria’s flare gas resources must demonstrate tangible progress in commercialising the gas or risk losing their awards, as it steps up efforts to eliminate routine gas flaring and attract billions of dollars in f...
Indigenous oil and gas companies now account for more than 50 per cent of Nigeria’s crude oil production, the federal government has said, describing the development as a major shift in ownership and participation in the upstream sector. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this during the ...
•Mayor of Housing, My-ACE China Nigeria’s worsening challenges could become major sources of wealth and development if citizens learn to turn problems into profitable solutions, the Mayor of Housing, My-ACE China, has said. China, a real estate strategist and entrepreneur, warned that failure to harness the economic opportunities in the countr...
•Tinubu Nigeria’s public debt stock rose further to N166.8 trillion in the second quarter of 2026, driven largely by increased domestic borrowing as the Federal Government continued to finance its sizeable fiscal deficit, latest data from the Debt Management Office (DMO) has shown. The debt stock, which covers obliÂgations of the federal gover...
Airbus SE announces key changes to its Board of Directors following its meeting held yesterday, Thursday, October 1, 2026. Following the announcement in April 2026 of his decision to step down, René Obermann will leave the Airbus Board of Directors effective October 1, 2026 to concentrate on his recent mandate as Non-Executive Director and inc...
•Tinubu presents Appropriation Bill to National Assembly There ‎are legal concerns over President Bola Tinubu’s signing of the law extending the implementation of the 2025 budget from September 30, 2026, to December 31, 2026. ‎The president assented to the bill on Wednesday, September 30, a day after the Senate and House of Representatives ap...
•Sugarcane Nigeria spent about N183.5 billion importing raw cane sugar for refining in the first half of 2026, H1’26, according to the National Bureau of Statistics (NBS) Foreign Trade in Goods Statistics data. The data however, also shows that quarter-on-quarter, cane sugar imports declined by 26.9 percent to N77.48 billion in the second quar...
•Governor Alex Otti of Abia State Abia State governor, Alex Otti, has urged Igbo traders to move beyond conventional trading and focus on manufacturing and digital commerce to compete in the changing global economy. Otti said this on Monday in Umuahia during the Igbo Day Lecture and Dinner organised by Ohanaeze Ndigbo Worldwide with the [&hell...
•Aliko Dangote Africa’s richest man and President of the Dangote Group, Aliko Dangote, has disclosed that his first grandson would prefer to gain experience at global professional services firms KPMG or PwC before joining the family business. Dangote made this known today at a high-level investor engagement organised for the Dangote Petroleum ...

