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Dangote Refinery Receives CNG Trucks for Fuel Distribution

Dangote Petroleum Refinery & Petrochemicals says it has commenced the receipt of 4,000 compressed natural gas-powered trucks needed for its fuel distribution logistics programme set to start on August 15.

Inflation Drives Manufacturing Expenses to N2.6trn

The cost of sales for 12 manufacturing companies in Nigeria, in the first half of 2025, grew from the N2.18tn recorded in the corresponding period of 2024 to N2.6tn this year, representing an increase of 19.68 per cent.

Aviation Union Shelves Proposed Strike, Says Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the suspension of a planned strike by aviation unions, which was scheduled to commence on Monday.

Tinubu Signs Insurance Reform Bill Into Law

President Bola Tinubu has assented to the Nigerian Insurance Industry Reform Bill 2025, presidential spokesman Bayo Onanuga said on Tuesday.

Economy on the Street: Nigerians React to Dangote’s Call for Fuel Import Ban

Africa’s richest man, Aliko Dangote, has stirred national debate with a bold call for the Nigerian government to ban the importation of petrol, diesel, and other refined petroleum products.

Crude Oil Production Hits 1.78mbpd in July

Nigeria’s crude oil production rose to a peak of 1.78 million barrels per day (mbpd) in July, the highest level recorded year-to-date (YTD). The July production was about a five per cent uptrend compared to the 1.7 mbpd average output recorded in June.