The President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has announced plans to list the Dangote Petroleum Refinery on the Nigerian Stock Exchange (NGX) in 2026. Speaking at a press conference in Lagos on Sunday, Dangote said the move is intended to give ordinary Nigerians the opportunity to become shareholders and benefit…
The Dangote Refinery has announced plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a move that will make it the largest refinery in the world. President of the Dangote Group, Alhaji Aliko Dangote, announced during a press briefing in Lagos on Sunday, alongside his close associate and…
The Nigeria Governors’ Forum (NGF) has lauded the country’s removal from the Financial Action Task Force (FATF) grey list, describing it as a major milestone in restoring global confidence in Nigeria’s financial system. In a statement issued on Saturday, NGF spokesperson Yunusa Abdullahi quoted the forum’s Chairman and Kwara State Governor, AbdulRahman AbdulRazaq, as attributing…
The landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol, has recorded a marginal decline, dropping from ₦849.61 to ₦839.97 per litre. According to figures released by the Major Energies Marketers Association of Nigeria (MEMAN), daily data from the association’s Competency Centre showed that the average landing cost was ₦849.61 on October…
Nigeria imported about 15.01 billion litres of petrol between August 2024 and early October 2025, accounting for 69% of total national supply during the 15 months, despite the start of local production at the Dangote refinery in September 2024. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed total petrol supply at…
The Senate has passed the Nigeria Mines Rangers Service Establishment Bill, 2025, marking a significant step toward curbing illegal mining and enhancing regulatory oversight in the nation’s solid minerals sector. The bill’s passage followed the presentation of a report by Senator Ekong Samson, Chairman of the Senate Committee on Solid Minerals Development. The proposed Mines…
In response to the recent industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against the Dangote Refinery, the House of Representatives has passed a resolution aimed at safeguarding strategic private investments from future disruptions. The resolution followed the adoption of a motion jointly sponsored by Hon. Ado Doguwa and…
In a landmark move, Saudi Arabia has opened the door for Nigerians and other foreign nationals to own property in the Holy City of Makkah, as part of the newly launched King Salman Gate project — a transformative urban development initiative. The announcement was made by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz…
The Standards Organisation of Nigeria (SON) has reiterated its dedication to enhancing Nigeria’s trade capacity and expanding the export of locally made goods through its export certification scheme, SONEXCAP. Speaking during the 2025 World Standards Day in Lagos, SON Director-General, Dr. Ifeanyi Okeke, urged manufacturers and exporters to take advantage of the scheme, which helps…
The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its support behind the Central Bank of Nigeria (CBN)’s draft guideline mandating banks to refund customers within 48 hours for failed ATM transactions. FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, announced in a statement on Monday, October 13, 2025. The endorsement follows the FCCPC’s September…
