Business Archives - Page 2 of 44

Dangote Refinery Cuts Petrol Price To ₦1,075, Diesel To ₦1,430 Amid Falling Global Crude Prices

NewsDeskNgMar 10, 2026March 10, 20260

Dangote Refinery cuts petrol price to ₦1,075 per litre and diesel to ₦1,430, citing declining global crude prices. The Dangote Petroleum Refinery has announced a significant reduction in the prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (diesel), with the new pricing taking immediate...

Dangote Refinery Pledges Abundant Fuel For Nigeria After Oil Prices Near $120/barrel

NewsDeskNgMar 9, 2026March 9, 20260

Dangote Refinery says it will maintain abundant fuel supply to Nigeria despite crude surging past $100/barrel for the first time since 2022. Managing Director of Dangote Refinery, David Bird, has assured Nigerians that the country will continue to enjoy steady fuel supply despite the sharp rise in global crude oil...

Dele Oye: National Single Window Could Unlock $3bn Logistics Investment, Save Nigeria $18m Annually

NewsDeskNgMar 9, 2026March 9, 20260

Alliance for Economic Research and Ethics warns domiciling trade platform under Nigeria Revenue Service risks undermining competitiveness and private sector confidence. Chairman, Alliance for Economic Research and Ethics (AERE), Hon. Dele Kelvin Oye, said the proposed customs National Single Window (NSW) could unlock about $3 billion in logistics investment and...

Fagbemi: OPL 245 Dispute Resolution Will Reposition Nigeria’s Economy

NewsDeskNgMar 8, 2026March 8, 20260

Attorney-General Fagbemi says settlement of OPL 245 dispute will boost investment, strengthen fiscal stability and Nigeria’s energy sector. Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has said the resolution of the 15-year-old dispute over Oil Prospecting Licence (OPL) 245 will reposition Nigeria’s economy and strengthen the country’s...

Air Peace Expands West Africa Network, Launches New Regional Flight Schedules April 1

NewsDeskNgMar 8, 2026March 8, 20260

Air Peace expands regional operations with new West Africa routes linking Lagos, Dakar, Abidjan, Accra, Monrovia and Freetown. Air Peace has announced the expansion of its regional flight operations across West Africa, unveiling new schedules aimed at strengthening connectivity and improving travel options within the sub-region. The airline said the...

Nigeria Engages Foreign Investors At Presidential Villa As PEBEC Addresses Business Climate Concerns

NewsDeskNgMar 7, 2026March 7, 20260

PEBEC hosts foreign investors, diplomats and regulators in Abuja dialogue to address security, taxation and regulatory challenges. The Federal Government has intensified efforts to reassure foreign investors about Nigeria’s business environment, convening top executives, diplomats and regulators for a high-level investment dialogue at the Presidential Villa in Abuja. The meeting,...

NERC Tightens Rules On Electricity Theft As Gas Shortage Cuts Power Generation

NewsDeskNgMar 6, 2026March 6, 20260

NERC strengthens anti-theft rules for Discos as gas supply drop to power plants worsens electricity shortages nationwide. The Nigerian Electricity Regulatory Commission (NERC) has amended its order on the Standard Operating Procedure (SOP) guiding Distribution Companies (Discos) in handling cases of unauthorised electricity access, meter tampering and power bypass across...

Showmax To Shut Down After 11 Years As MultiChoice Moves To Restructure Streaming Business

NewsDeskNgMar 6, 2026March 6, 20260

Showmax announces plans to discontinue its streaming service after 11 years, despite major investments and a recent Canal+ takeover. Showmax, the streaming platform owned by MultiChoice, has announced plans to discontinue its service after more than a decade in operation, marking a significant shift in the company’s digital strategy despite...

Tinubu Brokers Settlement Of 15-Year OPL 245 Dispute

NewsDeskNgMar 5, 2026March 5, 20260

Settlement between Nigeria, ENI and Nigerian Agip Exploration Limited clears path for deepwater investment expected to boost oil output by 150,000 barrels. President Bola Tinubu on Thursday presided over the conclusion of a settlement agreement between the Federal Government, ENI and Nigerian Agip Exploration Limited (NAEL), resolving the long-running dispute over...

Dangote Refinery Pledges Supply Stability Amid Global Oil Market Disruptions

NewsDeskNgMar 5, 2026March 5, 20260

Dangote Refinery assures Nigerians of steady fuel supply despite global refinery shutdowns, rising crude prices and supply disruptions. Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to stabilising Nigeria’s energy supply amid growing volatility in the international oil market. The refinery said recent geopolitical tensions in the Middle East...