Business

By Kunle Sanni – The National Industrial Court has issued an interim injunction restraining the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) from disrupting the operations of Dangote Refinery, MRS Oil Nigeria Plc, and MRS Oil and Gas Company Limited. According to a report by TheCable, the order, delivered by Justice Emmanuel Subilim on Wednesday, also barred the…

Africa’s richest man and President of Dangote Petroleum Refinery, Aliko Dangote, has declared that the Ajaokuta Steel Company can no longer be revived, describing ongoing efforts to resuscitate the project as a national act of self-deception. Speaking to journalists on Tuesday, Dangote said the project is obsolete and economically unviable in today’s global industrial landscape. “Honestly, just between us, Ajaokuta…

President of the Dangote Group, Aliko Dangote has revealed that his resolve to take thousands of Nigerians off the unemployment market remains intact, noting that his companies will continue to employ Nigerians and contribute to further reducing the country’s unemployment rate. Speaking to the media in his Refinery complex on Monday, Dangote said his company respects trade unions, but that…

…to launch White paper on unlocking Africa’s potential United Bank for Africa (UBA) Plc, Africa’s Global Bank, will gather world leaders, policymakers, investors, and other private sector players at the forthcoming 2025 United Nations General Assembly (UNGA) to provide a framework for partnership between Africa and the global community. Ahead of the 80th edition of the global event, UBA Group…

Nigerian indigenous oil and gas exploration and production (E&P) company Green Energy International Limited (GEIL) has completed the construction of the Otakikpo Crude Oil Terminal in Rivers State — Nigeria’s first fully indigenous onshore crude oil export terminal. At a media briefing in Abuja, GEIL Chairman and CEO, Professor Anthony Adegbulugbe, described the $400 million facility as a game changer…

President of the Dangote Group, Aliko Dangote, has responded sharply to criticism from the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) over his refinery’s recent fuel price reduction and deployment of compressed natural gas (CNG) trucks. Speaking on Monday during the first anniversary of petrol production at the Dangote Refinery, he described NUPENG’s remarks as misleading and unpatriotic.…

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that the Commission is considering a gradual implementation of the global sustainability disclosure standards developed by the International Organisation of Securities Commissions (IOSCO). Dr. Agama, who spoke at an investors’ roundtable on the International Sustainability Standards Board (ISSB) over the weekend, explained that Nigeria, having…

The Nigerian Civil Aviation Authority (NCAA) has cleared the co-pilot involved in the June 13 runway incident at Port Harcourt International Airport, stating that neither its internal investigation nor the Nigeria Safety Investigation Bureau’s (NSIB) preliminary report found him guilty of any misconduct. The incident occurred when an Air Peace aircraft veered off the runway after landing well beyond the…

…reaffirms Safety Standard Air Peace has said the Nigerian Safety Investigation Bureau (NSIB) is yet to officially inform it about some of its crew members testing positive for some substances following an incident at the Port Harcourt Airport on July 13, 2025.  In a statement signed by its management and shared on its official X account, the airline maintained its…

Wema Bank Plc has announced the successful completion of its N150 billion Rights Issue, which opened on April 14, 2025, and closed on May 21, 2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). This Rights Issue was undertaken in response to the CBN’s directive on the recapitalisation…