A new dispute has broken out in Nigeria’s downstream oil sector as petroleum marketers and depot owners opposed the Dangote Petroleum Refinery’s lawsuit seeking to stop petrol imports.

The Bank of Industry (BOI) has secured a $200m sovereign-guaranteed facility from the African Development Bank (AfDB) to expand long-term financing for Nigerian enterprises in strategic sectors.

Nigerians spent at least ₦5.43 trillion on petrol in Q1 2026, according to analysis of data from the NMDPRA and the National Bureau of Statistics (NBS).

President of the Dangote Group, Aliko Dangote, has announced plans to expand the company’s investment in Ethiopia from $2.5bn to over $4bn, reinforcing its commitment to industrialisation and food security across Africa.

By contrast, there is presently no clearly defined legal framework outlining the mandate of the newly created Homeland Security office.

The Bureau of Public Service Reforms has entered into a strategic partnership with Image Merchants Promotion Limited to organize a National Executive Training on Strategic Communication and Artificial Intelligence for Public Sector Communication Executives across Nigeria.