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News
Nigeria hits 1.68mbpd, sustains OPEC quota for four months
7+ hour, 12+ min ago (503+ words) File: Crude oil illustration Nigeria’s crude oil and condensate production rose to 1,677,777 barrels per day in August 2026, representing a 0.4 per cent increase from the 1.67 million barrels per day recorded in July. The increase, though modest, marked another month of improved oil…...
Dangote refinery begins N2.15tn share offer today
10+ hour, 11+ min ago (634+ words) Dangote Petroleum Refinery & Petrochemicals FZE has announced the commencement of its Initial Public Offering, marking a milestone in Nigeria’s economic development and the evolution of Africa’s capital markets. The offer will be formally launched at a ceremony on the trading…...
The Dangote Refinery IPO
9+ hour, 38+ min ago (1278+ words) THE Dangote Petroleum Refinery and Petrochemicals initial public offering is a test of whether Nigeria can convert one of its most consequential industrial investments into a broader instrument of wealth creation. This will also show how deep its capital market…...
Dangote Refinery offer to boost FX earnings — CIS, ASHON
8+ hour, 59+ min ago (380+ words) The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the initial public offering of Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise, describing it as a landmark development for Nigeria’s capital market. The…...
Coca-Cola says 70,000 Nigerian youths gain skills, jobs
9+ hour, 21+ min ago (416+ words) The Coca-Cola System in Nigeria says more than 70,000 young Nigerians have benefited from its empowerment programmes through training in life skills, entrepreneurship and access to internship opportunities. The company, in statements made available to The PUNCH on Sunday, said its…...
Petrol subsidy return may cost Nigeria N19tn annually – CPPE
10+ hour, 12+ min ago (539+ words) The Centre for the Promotion of Private Enterprise has warned that a return to universal petrol subsidy could cost the government about N19.16tn annually. The think tank said such a huge expenditure would impose an enormous opportunity cost on Nigeria’s already…...
States miss jobs, revenue from $700bn mineral wealth
10+ hour, 2+ min ago (1191+ words) Dele Alake, Minister for Solid Minerals Development Nigeria’s 36 states and the Federal Capital Territory are sitting on vast deposits of solid minerals estimated at more than $700bn, yet most states have done little to turn the resources within their territories into…...
Dangote petrol price rises by N185 in three weeks
10+ hour, 1+ min ago (1215+ words) FILE: President of Dangote Group, Aliko Dangote The Dangote Petroleum Refinery has continued to increase the price of premium motor spirit (petrol) despite the international price of crude oil remaining below the level recorded during the earlier surge in March....
Crisis reveals the quality of your preparation
9+ hour, 11+ min ago (385+ words) A crisis does not create an organisation’s character. It reveals it. The quality of the answers is rarely determined at the height of the emergency. It was shaped long before the first alarm sounded. That danger has intensified. Leaders must…...
Passport: UK mission clarifies £70 fee, refunds £50
8+ hour, 54+ min ago (482+ words) The Nigeria High Commission in London, United Kingdom, has clarified that the £70 administrative fee paid by some Nigerians during the ongoing passport intervention exercise was not approved by the Federal Government, insisting that the standard administrative charge remains £20. The clarification…...