Business Archives - Page 12 of 57

Jet Blast Damage Grounds United Nigeria Airlines Aircraft At Lagos Airport

NewsDeskNgMar 30, 2026March 30, 20260

United Nigeria Airlines aircraft withdrawn from service after jet blast incident caused damage at Lagos airport ramp area. Domestic carrier, United Nigeria Airlines, has disclosed that its aircraft, Embraer 190, was affected by jet blast at the ramp of the Murtala Muhammed International Airport, Lagos domestic terminal and has been...

African Ministers Withdraw From London Energy Summit Over Inclusion, Local Content Concerns

NewsDeskNgMar 28, 2026March 28, 20260

African ministers boycott London’s Africa Energies Summit, demanding inclusion and local content, signaling rising tension in energy politics. A growing number of African petroleum ministers have withdrawn from the Africa Energies Summit 2026 in London, dealing a significant blow to the event’s credibility and underscoring ongoing tensions over local content...

Dangote Refinery Denies IPO Speculation, Urges Public To Disregard Unverified Reports

NewsDeskNgMar 27, 2026March 27, 20260

Dangote Refinery has dismissed reports of a potential IPO, urging investors to rely only on official and verified disclosures. Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO). The company said several...

Agro Preciso Leads Push for Resilient Poultry Farming with SASSO Workshop in Lokoja

NewsDeskNgMar 27, 2026March 27, 20260

The SASSO Poultry Workshop, organised by Agro Preciso Limited in collaboration with the L-PRES Project and with support from the World Bank, was held in Lokoja, Kogi State, bringing together key stakeholders in the poultry value chain for a one-day capacity-building programme. Designed to equip farmers and industry actors with...

Nnaji Proposes Urgent Reforms To Stabilise Nigeria’s Power Sector

NewsDeskNgMar 26, 2026March 26, 20260

Former Power Minister urges restoration of PPAs, debt settlement and cost-reflective tariffs to address Nigeria’s worsening electricity crisis. A former Minister of Power, Professor Barth Nnaji, has outlined urgent measures needed to stabilise Nigeria’s struggling electricity sector amid worsening supply challenges. Speaking at the combined 30th, 31st and 32nd graduation...

Dangote Cuts Petrol Price To ₦1200 Despite Global Oil Pressures

NewsDeskNgMar 26, 2026March 26, 20260

Dangote Refinery slashes PMS gantry price to ₦1,200 per litre, defying global oil volatility driven by Middle East tensions. Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (PMS), also known as petrol, to ₦1,200 per litre, marking a significant downward adjustment of up to...

Nigeria, EU Forge Stronger Partnership With Investments In Trade, Security, Climate

NewsDeskNgMar 26, 2026March 26, 20260

Nigeria and EU strengthen ties through investments, climate action, security cooperation, digital projects, and regional development initiatives. Nigeria and the European Union (EU) have reaffirmed their strategic partnership and announced new areas of cooperation spanning trade, security, climate action, digital transformation and development investments following the Eighth Nigeria–EU Ministerial Dialogue...

Adeniyi Urges Global Customs Chiefs To Boost Cooperation Against Illicit Trade

NewsDeskNgMar 26, 2026March 26, 20260

Enhanced global Customs enforcement and collaboration are crucial to securing borders, safeguarding trade, and strengthening the world economy. The Chairperson of the Council of the World Customs Organisation (WCO) and the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, on Tuesday led a global call for stronger Customs enforcement,...

Dangote Group Announces Major Expansions, Pledges Support For Nigerian MSMEs

NewsDeskNgMar 26, 2026March 26, 20260

Dangote Group to expand refinery, fertiliser, and polypropylene capacities, empowering MSMEs and boosting Nigeria’s industrial growth. Dangote Group has reaffirmed its commitment to industrial expansion and support for Micro, Small and Medium Enterprises (MSMEs) as key drivers of Nigeria’s economic growth. Chairman of the group Aliko Dangote made this known...

David Bird: Dangote Refinery Gets Only Five Crude Cargoes Monthly, Far Below Agreed Volumes

NewsDeskNgMar 25, 2026March 25, 20260

CEO of Dangote Refinery David Bird says supply shortfalls force refinery to buy Nigerian crude at over $18 premium in international markets. The Chief Executive Officer of the Dangote Refinery, David Bird, has called for greater transparency in Nigeria’s crude oil allocation system, warning that supply shortfalls are forcing the...