Dangote Jet Fuel Cut to N1,650, Retail Still Near N2,000
Dangote Refinery reduced aviation fuel ex-depot price to N1,650 per litre, but airlines still pay up to N2,000 due to logistics, FX, and old stock.
Category : Business
Petrol, Diesel Prices Crash at Nigerian Depots Despite High Oil
Nigeria's depot fuel prices fall as competition rises, with Lagos seeing sharp cuts to ₦1,277 per litre, despite global crude above $110.
Nigeria Local Content Hits 61% in Oil and Gas Sector
Nigeria's local content in oil and gas rose from under 5% in 2010 to 61% in 2025, driven by NCDMB's focus on midstream and downstream sectors for investment and growth.
Activist Urges Niger Delta Audit, Stakeholders Seek PIA Review
Environmental activist Dr Nnimmo Bassey calls for a comprehensive environmental audit of the Niger Delta, while host communities demand a review of the Petroleum Industry Act.
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Africa's Gas Commercial Model Hurts Economies
Africa's gas commercial model prioritizes exports over domestic supply, leaving millions without power and stifling industrialization. Experts call for pricing reforms and infrastructure investment.
NAICOM Calls for Customer-Focused Insurance to Deepen Penetration
NAICOM calls on insurers to adopt customer-centric models to rebuild trust, simplify claims, and boost Nigeria's low insurance penetration.
Dangote Refinery Listing to Catalyze Industrial Capital Growth
Aliko Dangote says the planned listing of Dangote Refinery on NGX aims to democratize wealth and allow Africans to invest in industrial transformation.
Dangote Engages Ogun-Ondo Communities for Olokola Port
Dangote Group delegation visits host communities in Ogun and Ondo states to sensitize and prepare for the Olokola Deep Seaport project, enhancing Africa's maritime trade.
Nigeria Risks Missing 2030 Open Defecation Target, WTO Founder Warns
Prof Jack Sim warns Nigeria may miss 2030 open defecation target, urging coordinated national sanitation drive involving government, civil society, and private sector.
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Poor Market Risk Analysis Major Cause of Loan Defaults
Accion Microfinance Bank identifies poor market risk analysis as the main cause of loan defaults among MSMEs, citing economic instability and rising costs.
Lack of Shipyard Infrastructure Draining West Africa Revenue
The African Maritime Council warns that insufficient shipyard infrastructure in West Africa is causing massive revenue loss as vessels go abroad for repairs.
Digital Procurement Summit 2026 in Lagos Africa
Experts and leaders gather in Lagos for the Digital Procurement Africa Summit 2026 to address fraud, inefficiency, and weak oversight in supply chains through digital transformation.
Report: $6.75 Billion Gap for Female-Owned Firms in Nigeria
A new study shows Nigerian women own 40% of businesses but receive minimal formal credit, revealing a $6.75 billion funding gap and systemic barriers.
Regulators Endorse New Digital Governance Guidelines at GSR-26
Telecommunications regulators worldwide endorsed the 2026 Best Practice Guidelines at GSR-26 in Türkiye, focusing on emerging tech, infrastructure resilience, and bridging the digital divide.
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Europe Needs €475B for 5G to Regain Digital Leadership
GSMA report reveals Europe requires €475 billion in 5G investment by 2035, with a €205 billion gap, lagging behind global leaders in standalone 5G.
Markets, Welfare, and the Limits of Reform
Nigeria's economic reforms since 2023 have stabilized macroeconomy but neglected equity. Prof. Adenikinju argues for social protection, industrial policy, and legislative scrutiny.
Industrial Goods Stocks Rebound 118.6% on NGX
Industrial goods stocks on the NGX surged 118.55% YTD, driven by strong earnings from cement makers and improved investor confidence, rebounding from a 4.58% loss in 2025.
FCMB Empowers Nigerian Students with Financial Skills
FCMB, in partnership with CBN, teaches money management to secondary school students across Nigeria through the 'Smart Money Talks' initiative, promoting financial inclusion.
South African Pension Fund Eyes Dangote Refinery IPO
South Africa's GEPF and PIC visit Dangote Refinery, signaling investor interest ahead of a planned pan-African IPO that could reshape energy and industrial sectors.
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United Airlines Marks 5 Years of Accra-Washington D.C. Service
United Airlines has transported over 435,000 passengers and 3,100 tonnes of cargo on 2,100 flights between Accra and Washington D.C. since launching the route in 2021.
Canada-Africa Business Conference Set to Boost Economic Ties
The Canada-Africa Chamber of Business will host its sixth conference in Lagos from June 24-25 to deepen economic ties between Canada and Nigeria, focusing on trade and investment.
Nigeria's Fiscal Reforms: Response to Critics on Deficits and Debt
Tanimu Yakubu defends Nigeria's fiscal policies, arguing deficits are necessary for structural reform and criticizing selective outrage from critics.
Africa-Europe Trade to Hit $1 Trillion in Decade
A Boston Consulting Group report says Africa-Europe bilateral trade could double to $1 trillion in 10 years through value chain integration and corridor revitalization.
Gender Gap Could Worsen Maritime Workforce Shortage
Global maritime bodies warn that persistent gender inequality could exacerbate workforce shortages, as women remain underrepresented in the sector despite policy commitments.
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Dangote Expands Deep Seaport Investment Across Africa
Aliko Dangote announces Dangote Group's expansion into deep seaport development across Africa to address port inefficiencies and boost trade.
AfCFTA, ITC Renew Partnership for Intra-African Trade
AfCFTA Secretariat and ITC renewed MoU at Biashara Afrika 2026 to accelerate intra-African trade, focusing on SMEs, women, and youth-led enterprises.
Nigerian Manufacturers: Tapping Into Africa's Single Market
PAMA Secretary-General Segun Ajayi-Kadir outlines steps for Nigerian manufacturers to benefit from AfCFTA, including obtaining certificates of origin and targeting priority markets.
WTO Secures N295m for Developing Trade Support
Sweden commits SEK 2 million (N295m) to WTO Global Trust Fund for technical assistance and training to help developing economies integrate into global trade.
Remita: Essential Payment Infrastructure for Africa's Growth
Remita's payment infrastructure is crucial for Africa's digital transformation, enabling seamless transactions, government efficiency, and financial inclusion across the continent.
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NESREA Shuts Down Kano Rice Plant for Environmental Breaches
NESREA has sealed Fortune Rice Mills Limited in Kano for violating air quality and food sector regulations, following public complaints about dust and odor emissions.
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