Business Archives - Page 5 of 57

Relief for Airlines, Passengers As Dangote Refinery Cuts Jet Fuel Price To N1,650, Offers Credit Facility

NewsDeskNgMay 19, 2026May 19, 20260

Dangote refinery reduces aviation fuel price to N1,650 and introduces interest-free credit support for airline operators and marketers. Dangote Petroleum Refinery & Petrochemicals, has reduced the price of its aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre, in a move aimed at easing cost pressures on...

PenCom Grants PFAs Special Waiver To Invest Pension Funds In Dangote Refinery IPO

NewsDeskNgMay 15, 2026May 15, 20260

PenCom approved a one-off waiver allowing pension funds participate in Dangote Refinery’s anticipated IPO despite regulatory restrictions. The National Pension Commission (NAICOM) has granted Pension Fund Administrators (PFAs) a one-off regulatory forbearance to enable investment of pension assets in the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery &...

NAICOM Cracks Down On Fake Insurers, Arrests Suspects In Nationwide Enforcement Drive

NewsDeskNgMay 15, 2026May 15, 20260

NAICOM arrested suspected fake insurance operators in Abuja, warning offenders face prosecution under Nigeria’s new insurance reform law. The National Insurance Commission (NAICOM), on Thursday intensified its crackdown on fake insurance operators across the country, arresting scores of suspects in Abuja. The enforcement, in collaboration with police officers from the...

NCAA Grants Pioneer Airlines Licence For Charter Flight Operations

NewsDeskNgMay 14, 2026May 14, 20260

NCAA has granted Pioneer Airlines an operational licence for unscheduled flights. The Nigeria Civil Aviation Authority (NCAA) has granted an operation license to Pioneer Airlines for unscheduled flight operations. The Director General of the NCAA, Captain Chris Ona Najomo, who handed over the certificate to the management of the airline...

Samsung Faces Major Strike Threat As Wage Talks Collapse Again

NewsDeskNgMay 14, 2026May 14, 20260

Samsung risks massive production losses as union workers threaten an 18-day strike over bonuses and wage negotiations. Samsung Electronics on Thursday proposed that its South Korean labour union resume wage negotiations after government-mediated talks collapsed, as concerns mounted over a planned lengthy strike that could hit the country’s crucial semiconductor...

NMDPRA: Dangote Refinery Supplies 79% Of Nigeria’s Petrol As Imports Fall 37% In April

NewsDeskNgMay 13, 2026May 13, 20260

Dangote Refinery supplied 79% of Nigeria’s petrol in April as imports dropped 37%, NMDPRA data shows. Dangote Petroleum Refinery Petrol supply rose by 19 per cent in April 2026, amid a sharp decline in fuel imports and continued shutdown of Nigeria’s state-owned refineries, according to the latest midstream and downstream...

Aliko Dangote Foundation Explores Partnership With Islamic Development Bank In Jeddah

NewsDeskNgMay 13, 2026May 13, 20260

The Aliko Dangote Foundation has met with Islamic Development Bank officials in Jeddah to explore partnerships on empowerment initiatives. The Managing Director and Chief Executive Officer of the Aliko Dangote Foundation (ADF), Zouera Youssoufou, has led a delegation on a courtesy visit to the Vice President (Operations) of the Islamic...

Dangote Targets Record $50bn Refinery IPO In Landmark African Market Listing

NewsDeskNgMay 12, 2026May 12, 20260

Dangote plans a $50 billion refinery listing, potentially becoming Africa’s largest capital market offering ever recorded. Africa’s richest person, Aliko Dangote, is targeting a $50 billion valuation for his flagship refinery business ahead of a planned stock market listing in Nigeria later this year, people familiar with the matter have...

Afreximbank, Lagos Launch Global Design Tour To Position Africa As Creative Industry Powerhouse

NewsDeskNgMay 12, 2026May 12, 20260

Lagos and Afreximbank launch global design tour showcasing African talent to boost creativity, trade, and market access. African design is set for a major push onto the global stage as Design Week Lagos, with the strategic support of Afreximbank and Lagos State Government, prepares to present a new generation of African designers...

Aviation Union Warns Jet Fuel Crisis Threatens Nigeria’s Airline Industry

NewsDeskNgMay 11, 2026May 11, 20260

Aviation union says persistent Jet A1 shortages are disrupting operations, worsening crew fatigue and threatening aviation safety across Nigeria. Fresh concerns have emerged over the growing impact of Nigeria’s Jet A1 aviation fuel shortages with the National Association of Aircraft Pilots and Engineers (NAAPE) raising alarm over aviation fuel crisis...