This comes as he alleged that some elements within the private sector in the oil and gas industry want to undermine and understate the revitalisation of the Port Harcourt Refinery. Fani-Kayode made this known in a statement on his official X handle on Thursday, noting that the oil business is […]

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development Limited is to establish and construct a new 27,000 barrels per day refinery. […]

The Anambra government said it has secured investment funding and strategic partnership of over $500 million from the various agreements signed at the end of the second edition of its investment summit held on November 14. Areas of investments Okoye said investment commitments were made in healthcare, tourism/hospitality, natural gas […]

Floating of naira a risky move – Africhange CEO, Ajala Chief Executive of Africhange, a platform that cross-border payments, David Ajala, tells FELIX OLOYEDE about some of the challenges Africans in the diaspora face sending money home Can you tell me more about the story behind Africhange and the problems […]

Nigerian FinTech startup Moniepoint recently has joined the prestigious ranks of Nigerian unicorns, Flutterwave, Interswitch, and Paystack as a private company valued at over $1 billion. While these firms showcase the remarkable growth of Nigeria’s tech ecosystem, their remain private which limits direct investment opportunities for Nigerians with these high-value […]

The Nigerian National Petroleum Company limited, NNPCL, has disclosed that it’s a proud part-owner of the Dangote Refinery. This was disclosed by NNPCL’s Group Chief Executive Officer, Mele Kyari at a conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos on Monday. Following the commencement of the refinery, […]

The South African pay-TV operator MultiChoice Group disclosed that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year. The company revealed these figures in its Interim Financial Results for the period ending 30 […]

The chairman of the Ogun State Manufacturers Association of Nigeria (MAN), George Onafowokan, has lamented the crisis in Nigeria’s manufacturing sector following the government’s decision to float the Naira in 2023. According to him, 16 major manufacturing firms have incurred cumulative losses amounting to N792 billion due to naira depreciation. […]

The management of Dangote Refinery is set to meet with officials of the Petroleum Products Retail Outlet Owners Association of Nigeria to discuss direct petrol supply arrangements. This development comes just a day after the Independent Petroleum Marketers Association of Nigeria announced it had reached an agreement with Dangote Refinery […]

Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Petroleum Refinery of trying to suppress competitors in the downstream sector. On November 1, the Independent Petroleum Marketers Association of Nigeria (IPMAN) said petrol — also known as premium motor spirit (PMS) — from the refinery is more expensive […]