Dangote Petroleum Refinery’s public share offer has reportedly attracted subscriptions exceeding its original fundraising target by more than threefold, prompting the company to extend the closing date by two weeks to October 27 to allow more African investors to participate. Aliko Dangote, President of Dangote Group, disclosed on Monday thatContinue Reading
President Bola Tinubu has said the World Bank’s latest Nigeria Development Update confirms that his administration’s economic reforms are yielding results, citing improved economic growth, increased government revenues and the stabilisation of poverty for the first time since 2019. In a statement issued on Sunday by his Special Adviser onContinue Reading
Dangote Cement Plc, Obajana Plant, has strengthened its commitment to community development by awarding educational grants to students and providing financial and material support to farmers and market women in Jakura, Kogi State. Speaking at the presentation ceremony, Plant Director, Azad Nawabuddin, represented by the Head of Social Performance, PrinceContinue Reading
ABUJA, NIGERIA — The administration of President Bola Tinubu has unveiled a major package of interventions aimed at softening the impact of high fuel costs on Nigerian households. In a press conference in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced that the NigerianContinue Reading
Dangote Petroleum Refinery has cut its Automotive Gas Oil (diesel) gantry price by N80, from N1,780 to N1,700 per litre, effective Wednesday, October 7, 2026. The 4.5 per cent reduction comes amid falling diesel import costs and volatility in the international crude oil market, with Brent crude trading around $100Continue Reading
KADUNA, NIGERIA — The Kaduna State Internal Revenue Service (KADIRS) has sealed the corporate headquarters of the Kaduna Electricity Distribution Company (Kaduna Electric) following the utility firm’s failure to settle its accumulated tax liabilities. The enforcement action, carried out by KADIRS officials under tight security, saw the locks to theContinue Reading
The Nigeria Deposit Insurance Corporation, NDIC, has warned Nigerians against investing their money in unregulated institutions and illegal fund operators. Its Managing Director, Thompson Sunday, gave the warning in Abuja during the NDIC Special Day at the 21st Abuja International Trade Fair. Sunday said many Nigerians still fall for investmentContinue Reading
