Business

Chairman of Dangote Industries Limited, Alhaji Aliko Dangote, has criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over what he described as the indiscriminate issuance of licences for the importation of petroleum products, warning that the practice threatens the survival of Nigeria’s downstream oil sector. Dangote made the remarks during a media interaction at his refinery on Sunday,…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as key drivers of growth in the 21st century. Speaking at the Kano Startup Weekend, Inuwa acknowledged Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Permits to Access Flare Gas (PAFG) to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), signalling a major shift from environmental liability to economic opportunity in Nigeria’s upstream petroleum sector. Speaking at a stakeholders’ meeting on Saturday, Engr. Gbenga Komolafe, Chief Executive of NUPRC, said the 2022 NGFCP…

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged Opay to prioritise strict compliance with Nigeria’s financial regulations to protect the integrity of its operations and curb money laundering and fraud. Olukoyede gave the charge on Thursday during a courtesy visit to the EFCC headquarters in Abuja by Opay’s Chief Executive Officer, Steven Wen,…

…FG hails initiative as bold and transformative Chairman of the Aliko Dangote Foundation (ADF) and the President of Dangote Group, Aliko Dangote, has announced a N1 trillion scholarship programme to expand access to education and promote academic excellence across Nigeria. Starting in 2026, the initiative will support over 1.3 million students from all 774 local government areas, with N100 billion…

PZ Cussons has announced that it is retaining its Africa business and sets out ambitious growth plans for the business, as part of a wider Group strategy built upon a portfolio balanced between Developed and Emerging markets. In April 2024, PZ Cussons announced plans to conduct a strategic review of its Africa operations. As part of the review, the Group…

Ekiti State Governor, Biodun Oyebanji, on Wednesday disclosed that the state has spent a total of N49.7 billion on the Ekiti Agro-Allied International Cargo Airport, as commercial flight operations officially commenced. The governor made the disclosure during the inauguration ceremony held at the airport along the Ado–Ijan Road. Oyebanji explained that while previous administrations invested about N14 billion in the…

The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s foreign reserves have crossed the $45 billion mark, according to the latest data  The reserves, which now stand at $45.04 billion, represent one of the strongest positions the country has recorded in the last six years, marking a significant leap from previous levels. The last time Nigeria’s foreign exchange buffer…

NNPC E&P Limited (NEPL), the upstream subsidiary of NNPC Limited, has reached a record-breaking production of 355,000 barrels of oil per day (bpd), the highest daily output since 1989. The milestone, achieved on December 1, 2025, reflects a 52 per cent growth in average daily production, rising from 203,000 bpd in 2023 to 312,000 bpd in 2025. NEPL attributes this…

Foremost industrialist and President of Dangote Industries Limited, Aliko Dangote has described Nigerian youths as the nation’s greatest asset emphasizing their creativity, resilience and ingenuity Dangote made these remarks at the weekend while being conferred with an honorary doctorate degree in Management Technology (D.MT) by the Federal University of Technology, Owerri (FUTO). L-R: Representative of the President of Nigeria, Prof.…