The Association of Distributors and Transporters of Petroleum Products (ADITOP) has distanced itself from the planned strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and allied …
Dangote Refinery
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BusinessEconomyEnergyOil & GasPoliciesTrade
Dangote Refinery Exports Petrol to US as Marketers Still Depend on Imports
by Joy Radarrby Joy RadarrThe Dangote Petroleum Refinery has exported its first shipment of Premium Motor Spirit (PMS), also known as petrol, to the United States, even as Nigerian fuel marketers continue to rely …
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BusinessEconomyEmploymentFinanceInflationManufacturing
Nigeria’s Private Sector Records Stronger Growth in August as Inflation Eases
Nigeria’s private sector recorded stronger growth in August 2025 as improved customer demand and easing inflationary pressures boosted business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ …
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BusinessEconomyEducationManufacturingPoliciesTrade
Nigeria’s Manufacturing Sector Holds Key to Trade Growth, Experts Say
Nigeria needs to urgently reposition its manufacturing sector if it hopes to compete favourably in global trade and strengthen its non-oil economy. Recent data shows that manufacturing contributed only 9.62 …
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BusinessDangote IndustriesEconomyEnergy
Nigerians Spend N1.3tn on Petrol in June as Consumption Hits 1.44bn Litres
Nigerians spent about N1.3 trillion on Premium Motor Spirit (petrol) in June 2025, amid rising energy costs and heavy reliance on self-power generation, according to the latest data from the …
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BusinessEconomyEnergyInfrastructureOil & GasTransportation
Dangote Refinery Set to Begin Direct Fuel Distribution with 1,000 CNG Trucks
Barring any last-minute change, the Dangote Petroleum Refinery is set to begin its direct fuel distribution scheme soon as 1,000 Compressed Natural Gas-powered trucks ordered for the project have arrived …
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AgricultureBusinessEconomyInflationMonetary PolicyTrade
Analysts See Inflation Cooling but Warn of Rising Policy Costs
Nigeria’s inflation outlook is showing signs of relief as analysts project a continued slowdown in the coming months. This follows new data released by the National Bureau of Statistics (NBS) …
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Filling stations across Lagos, Ogun and other parts of Nigeria have increased the pump price of Premium Motor Spirit (PMS), popularly called petrol, to ₦900 per litre and above, despite …
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EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
NNPC Reduces Petrol Price to N900 Just 48 Hours After Hike
Barely two days after increasing the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has again slashed the price at its retail stations, …
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BusinessCapital MarketEconomyFinance & ServicesManufacturingOil & Gas
Aliko Dangote’s Wealth Hits $29.3bn, Now 72nd Richest Person Globally – Bloomberg
Africa’s richest man, Aliko Dangote, has seen his personal fortune grow to $29.3 billion as of August 5, 2025, according to the Bloomberg Billionaires Index. This latest ranking places him …