President Bola Tinubu has achieved a major diplomatic and economic breakthrough by resolving the decade-long OPL 245 dispute. The historic settlement between the Federal Government of Nigeria, Eni, and Nigerian Agip Exploration Limited (NAEL) ends over 15 years of legal friction and stagnation. Unlocking the Zabazaba–Etan Project With the legal […]
The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by ₦101, moving the ex-depot rate from ₦774 to ₦875 per litre. This adjustment is expected to trigger fresh fuel price hikes nationwide. Key Highlights 🔹 The refinery attributed the upward review to global crude oil price […]
The U.S. trade war debate has taken a dramatic turn after the Supreme Court of the United States struck down former President Donald Trump’s sweeping tariffs in a 6–3 ruling, declaring he overstepped his emergency powers. In response, Gavin Newsom called for immediate refund checks — with interest — arguing […]
In a massive leap for Nigeria’s economic sovereignty, Aliko Dangote and NNPC’s Group CEO, Bayo Ojulari, have signaled a “no-limits” partnership aimed at revolutionizing the nation’s energy landscape. Following a high-level strategic tour of the Dangote Refinery in Ibeju-Lekki, both leaders confirmed that the collaboration will go far beyond current […]
In a major crackdown on regulatory non-compliance within Nigeria’s electricity sector, the Federal Competition and Consumer Protection Commission (FCCPC) has sealed the facilities of Ikeja Electric, citing persistent violations of consumer rights and failure to obey industry directives. The enforcement action — announced Thursday by the FCCPC’s Director of Surveillance […]
Nigeria’s automotive industry is taking a powerful stride into the electric era as Nord Motion is set to unveil Tavet, a forward-thinking subsidiary dedicated to the assembly, manufacturing, marketing, sales, and aftersales of electric vehicles (EVs). The announcement was made on X by Oluwatobi Ajayi, CEO of Nord Motion, who described […]
Nigerian billionaire businessman and philanthropist, Femi Otedola, has strongly debunked fresh allegations linking him to the controversial fuel subsidy fraud, calling them false, malicious, and an attempt to rewrite history. In a strongly worded response, Otedola addressed claims made by Umar Sani, former Special Adviser on Media to ex-Vice President […]
Nigeria’s energy sector faces fresh turbulence as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members nationwide to withdraw their services following the alleged mass dismissal of Nigerian workers by the Dangote Refinery. The union, in a circular signed by its General Secretary, Comrade […]
Nigeria’s economy continued its upward trajectory in the second quarter of 2025, as new data from the National Bureau of Statistics (NBS) revealed a 4.23% year-on-year GDP growth. The figure marks a clear improvement from the 3.48% recorded in the same quarter of 2024, underscoring resilience and renewed momentum across […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has debunked widespread claims that a five percent fuel surcharge will begin on January 1, 2026. Speaking on Channels Television’s The Morning Brief, Oyedele clarified that the surcharge cannot take effect until an official commencement order […]
