N2trn Drop in Petrol Imports as Local Production Improves   Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over N2tn. According to the latest foreign...

Aliko Dangote has retired as Chairman of the Board of Dangote Sugar Refinery Plc, bringing an end to a 20-year leadership of the company.

Public-Private Sector Consensus as Catalyst for Nigeria’s Economic Prosperity By O’tega ‘The Tiger’ Ogra and Fredrick Nwabufo In political economy, the boundary between politics and markets is porous. Nations rise or stagnate based on how well the two spheres negotiate a common language of growth. For...

Six Depots Slash Fuel Cost as Competition Heightens Six depot owners have reduced the prices of Premium Motor Spirit, PMS, also known as petrol as competition heightens in the downstream sector of Nigeria’s petroleum industry. The depot owners, which slashed their prices yesterday included Emadeb, First...

Dangote Hails Tinubu’s Bold, Historic Economic Reforms ‎ ‎Africa’s richest man, Aliko Dangote, has praised President Bola Ahmed Tinubu for implementing what he described as bold and visionary economic reforms, saying they have significantly reduced the strain on Nigeria’s public resources. ‎ ‎Speaking in a video shared on...

S’Africa Leads as Africa’s Top Fuel Importer - Report Nigeria has relinquished its long-held position as Africa’s largest importer of refined petroleum products following the ramp-up of operations at the Dangote Petrochemical Refinery, a new report has stated. South Africa has now overtaken Nigeria as the...