Patience Jonathan Praises Azikel Refinery Founder Eruani
Former First Lady Patience Jonathan has praised the Group President of Azikel Group, Dr Azibapu Eruani, describing him as a young businessman she mentored and encouraged to pursue major business opportunities. Jonathan made the remarks on Tuesday during an inspection tour of the Azikel Refinery in Obunagha, Bayelsa State. A video of her comments circulated […]
Lagos poultry farmers want an egg power plant to stop losing money
Poultry farmers in Lagos State have appealed to the Lagos State Government to quickly complete and make operational an egg powder factory to help stop the millions of naira they lose daily from unsold eggs. The appeal was made during the annual summit of the Poultry Association of Nigeria, Lagos Chapter, held in Alausa […]
Dangote Refinery Cuts Petrol, Diesel Prices Nationwide
Dangote Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), or diesel, across Nigeria. The 700,000-barrel-per-day refinery announced on Wednesday that its petrol gantry price had been reduced to N1,165 per litre, down from N1,215 per litre, while diesel was lowered to N1,570 per […]
UK Inflation Falls to 2.6% in June
Britain’s annual inflation rate fell to 2.6 percent in June, beating analysts’ expectations as lower petrol and diesel prices helped ease consumer costs, according to official figures released on Wednesday. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) rose by 2.6 percent in the 12 months to June, down from 2.8 […]
Marketers Warn Petrol May Be Priced in Dollars
Petroleum products marketers have warned that Nigerians could soon begin paying for petrol, diesel and other refined petroleum products in US dollars if the Federal Government fails to restore the naira-for-crude arrangement with Dangote Refinery. The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, raised the concern in […]
NCDMB, Renaissance Train 300 Youths for Oil, Gas Jobs
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited, has launched a 12-month Oil and Gas Field Readiness Training Programme for 300 young Nigerians to prepare them for careers in the petroleum industry. The programme targets graduates in mechanical, electrical and instrumentation engineering. It includes three months of […]
LG Autonomy Stalls Despite ₦10.48tn FAAC Allocations
Nearly two years after the Supreme Court ordered the direct payment of federal allocations to Nigeria’s 774 local government councils, implementation of the landmark judgment remains largely stalled, despite councils receiving ₦10.48 trillion in Federation Account Allocation Committee (FAAC) disbursements during the period. An analysis of FAAC reports, using data from the National Bureau of […]
NNPC Targets Broader Energy Role, Says Ojulari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bayo Ojulari, says the company is repositioning itself beyond oil and gas production to become a platform that drives investment, innovation and sustainable energy development across Nigeria and Africa. Ojulari made the remarks in a statement on Monday while reflecting on […]
NNPCL Cuts Petrol Price by N50 Per Litre in Abuja
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol by N50 per litre at its retail outlets in Abuja, marking its second price adjustment in four days. A market survey on Saturday showed that NNPCL filling stations at Airport Junction and Wuse Zone 6 (Berger) are now dispensing petrol at […]
Nigerian Stock Market Begins T+1 Settlement Cycle
Nigeria’s capital market has officially commenced its T+1 settlement cycle, introducing a faster transaction settlement system aimed at improving market efficiency. The new settlement structure took effect on Monday, June 1, 2026, following an earlier announcement by the Securities and Exchange Commission (SEC) in May. Under the T+1 system, stock transactions completed on a trading […]
