Waltersmith Refinery Capacity Reaches 10,000 bpd
Waltersmith Petroman Oil Limited expands refinery capacity to 10,000 bpd, with plans for an industrial park. NMDPRA and NCDMB inspect Phase 2 facility.
Category : Business
Kwara Pure Water Producers Lament as Price Hike Hits Sales
Sachet water producers in Kwara state report reduced sales after raising bag price from N400 to N500, citing rising fuel and production costs. Many fear business collapse.
FG Launches Poverty Reduction Programme for 10 Million
Nigeria's Minister Abubakar Bagudu announces the Renewed Hope Ward Development Programme targeting all 8,809 wards, aiming to benefit about 10 million Nigerians.
US Treasury Accepts PayPal Donations for $39 Trillion Debt
The US Treasury now allows PayPal and Venmo donations to reduce the $39 trillion national debt. Monthly contributions average $120,000, a tiny fraction of interest payments.
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Dangote Refinery Expansion to Create 95,000 Jobs
Dangote Group plans to expand its refinery to 1.4 million barrels per day, creating 95,000 jobs and surpassing Jamnagar as world's largest refinery.
VivaJets Joins Africa CEO Forum for Mobility Push
VivaJets, a Nigerian business aviation firm, will serve as strategic mobility partner at the Africa CEO Forum in Kigali, aiming to improve connectivity for leaders across the continent.
VivaJets Partners Africa CEO Forum for Connectivity
VivaJets, a Nigerian business aviation firm, will serve as strategic mobility partner at the upcoming Africa CEO Forum in Kigali, aiming to enhance connectivity and intra-African trade.
Lagos Signs Power Deal with 3 Firms to End Blackouts
Lagos State Government signs Power Purchase Agreement with three firms to boost electricity from 60MW to 400MW, revive dormant plants, and power public institutions.
UPDC MD Warns on Diaspora Investment Risks, Housing Challenges
UPDC MD Odunayo Ojo highlights risks for diaspora investors and barriers to affordable housing, calling for government support and verification.
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Insurer, Lagos Food Bank Aid 200 Households
Prudential Zenith Life Insurance partnered with Lagos Food Bank Initiative to provide food aid to 200 vulnerable households, with employee volunteers distributing grocery boxes.
Metro & Castle Provides Affordable Luxury Homes in Lagos
Metro & Castle focuses on affordable luxury homes and community development in Lagos, targeting diaspora Nigerians. CEO Abdul Adekunle shares progress on housing units and retail outlets.
Blended Finance, Mini-Grids Key to Nigeria's Energy Woes
Energy experts call for blended financing and interconnected mini-grids to tackle Nigeria's electricity deficit, as highlighted in a new book by Dr Cheryl Ikejiaku.
Banks Face Asset Quality, Validation Tests After Capital Raise
Nigerian banks grapple with asset quality and validation tests after raising N4.65 trillion capital, facing excess liquidity, lower yields, and moral hazard concerns.
Handlers May Suspend Services Over N9bn Airline Debt
Aviation ground handlers in Nigeria issue a 7-day ultimatum to airlines over over N9 billion debt, warning of possible service withdrawal from April 28, 2026.
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KWACCIMA Seeks Mining Removal from Exclusive List
KWACCIMA calls for decentralizing mining control to states to enhance security and boost IGR, citing local oversight benefits.
Bature Elected NIESV President, Pledges Transformation
Muhammad Bature has been elected as the 27th President of NIESV. He unveiled a seven-point agenda focusing on digital transformation, ethics, capacity building, and global positioning.
Experts Urge Structural Engineers on Sustainable Development
Industry experts call on structural engineers to adopt sustainable, green design practices, emphasizing reliability-based design and stronger regulations to prevent building collapses in Nigeria.
ECOWAS Urged to Bridge Digital Gap in Cross-Border Insurance
Nigeria calls on ECOWAS to close the digital gap in cross-border motor insurance, warning weak technology delays claims settlement and urging coordinated digital reforms.
Macro-Economic Pressures Impact Event Centre Costs
Nigeria's inflation and rising costs force event centre operators to hike rents by over 100% as energy, security, and logistics expenses surge.
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Planners Urged to Integrate Property Market Dynamics in Urban Design
Town planners have been urged to master property market dynamics to create orderly and prosperous cities, as highlighted at ATOPCON's 2026 workshop in Lagos.
NCAA Worried by Domestic Airlines' Service Failures
The NCAA has expressed concern over rising passenger complaints against domestic airlines, while stakeholders urge government intervention on high jet fuel costs threatening 2026 Hajj operations.
Don Urges Integration of Illegal Refineries for Jobs
A professor advocates incorporating illegal refineries into Nigeria's oil industry to enhance local production, create jobs, and reduce poverty, alongside Waltersmith's refinery expansion.
Dangote Refinery Expansion to Create 95,000 Skilled Jobs
Aliko Dangote announces that the Dangote Refinery expansion to 1.4 million bpd will employ 95,000 skilled workers, boosting Nigeria's industrial transformation.
BUA Cement Rewards Distributors, Revenue Up 22.1%
BUA Cement recognized 30 top distributors with prizes including SUVs and CNG trucks, while reporting a 22.1% revenue increase to N355 billion in Q1 2026.
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NVMA Warns Livestock at Risk from Antibiotic Abuse
The Nigerian Veterinary Medical Association warns that antibiotic abuse and quackery threaten livestock, urging policy implementation and stricter regulation.
CSCS aims for market leadership via tech and revenue diversification
CSCS reaffirms commitment to technology investment and revenue diversification to strengthen Nigeria's capital market infrastructure.
Stock Transactions Hit N1.74 Trillion in March 2026
NGX stock transactions surged to N1.74 trillion in March 2026, up 13.1% from February, driven by a sharp rebound in foreign portfolio investment.
Strengthening Nigerian Banks: A Vital Step for Economic Growth
Nigeria's bank recapitalisation programme, led by the CBN, has raised ₦4.65 trillion, boosting financial resilience and supporting long-term economic growth.
UBA Assets Hit N33.2 Trillion, Up 9.4%
UBA reports 9.4% asset growth to N33.2 trillion in 2025, with customer deposits rising to N27.2 trillion and strong gross earnings of N3.09 trillion.
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Cardoso: Single-Digit Inflation Target Remains Achievable
CBN Governor Olayemi Cardoso says Nigeria will achieve single-digit inflation despite a marginal rise to 15.38% in March, citing reform resilience and investor confidence.
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