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 […]

FG releases withheld salaries of striking non-teaching staff in federal varsities. The federal government has released the withheld salaries of striking non-academic staff in federal universities. Bawa Mokwa, the director of press at the office of the accountant-general of the federation (OSGF), spoke to TheCable on Saturday. He said disbursement […]

Dangote Refinery has dismissed the allegation of selling Premium Motor Spirit, PMS, also known as petrol at between N1, 015 and N1, 028/litre, as fake news. Oil marketers, yesterday, said the price of petrol, produced by the Dangote Petroleum Refinery stood between N1, 015 and N1, 028/litre, adding that it […]

Following the verdict delivered by the Confederation of African Football in response to the complaint lodged by the Nigeria Football Federation over the recent inhumane treatment meted out to the Super Eagles in Libya, members of the Nigerian community have reported mass arrests and fines in the country. The Nigerian […]

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as […]

President Bola Ahmed Tinubu has urged Nigeria-based refineries to look inward and consider supplying enough petrol and petroleum products for local consumption to stop the persistent reliance on importation. He said this would enable the channelling of foreign exchange into the development of the real sector. The president stated this […]

The Bank of Industry (BoI) has announced the opening of its application portal for those seeking to benefit from the federal government’s N75 billion Micro, Small, and Medium Enterprises (MSMEs) Intervention Fund. This was disclosed on Monday during a joint press conference by the Nigerian Association of Small Scale Industrialists […]