Dangote announces fresh conditions for NNPCL to increase stake in $20bn refinery
Africa’s richest man, Aliko Dangote, has laid out new conditions for the Nigerian National Petroleum Company Limited (NNPCL) to expand its stake in the $20 billion Dangote Refinery. According to Dangote, the state oil company can only increase its share after the refinery has fully demonstrated its capacity and entered the next phase of growth. […]
Fuel landing cost drops, now cheaper than Dangote Refinery’s petrol price
The landing cost of imported petrol in Nigeria has dropped to ₦839.97 per litre as of October 21, 2025, making it cheaper than petrol produced by the Dangote Refinery, which sells for ₦877 per litre. This information was disclosed in the latest energy price bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN). […]
FCMB Launches Mutual Funds Access on Mobile App
First City Monument Bank (FCMB) has launched a new feature on its Mobile App that allows customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the investment arm of FCMB Group Plc. This innovation marks another major milestone in the bank’s mission to create a fully digital financial […]
Buy Nigerian crude to undercut Russia’s war chest – Financial expert urges EU, US
A Nigerian financial expert, Kalu Aja, has called on Western nations, particularly the European Union (EU) and the United States (US), to consider purchasing Nigerian crude oil as a strategic measure to weaken Russia’s financial ability to sustain its war in Ukraine. In a post shared on X (formerly Twitter) on Thursday, Aja argued that […]
Investors’ confidence back in Nigeria’s oil sector – Lokpobiri on NUPRC regulatory feat
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has stated that investor confidence has returned to the country’s oil and gas industry. This development, he noted, is largely due to the impressive regulatory achievements of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over the past four years. Lokpobiri made the remark during […]
Don’t resort to coup, settle differences at the polls – Laolu Akande
Former presidential spokesman Laolu Akande has advised politicians dissatisfied with President Bola Tinubu’s administration to channel their grievances through democratic means rather than resorting to military intervention. Akande made this statement on Thursday while speaking on Channels Television’s Sunrise Daily, reacting to reports of an alleged attempted coup against President Tinubu. According to Akande, Nigeria […]
Nigerian firms push NGX to historic 1,516.10 basic points, N963bn gain
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge on Tuesday as key firms, including SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and Vitafoam, pushed the market to a historic high of 151,456.91 basis points. Investors recorded an impressive N963 billion gain, extending the bullish momentum seen in recent weeks. According to market data, […]
Fuel price drop imminent as marketers resume loading at Dangote Refinery
Nigerians may soon experience a drop in fuel prices as petroleum marketers confirm that loading activities have resumed at the Dangote Refinery. This development follows weeks of fuel supply shortages and rising pump prices across the country. The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, told DAILY POST that its […]
Residents groan as cooking gas scarcity hits Abuja amid price hike
Residents of Abuja are lamenting the growing scarcity and high cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, as prices continue to rise sharply across the country. The situation has left many households struggling to afford gas for daily cooking. In the past few weeks, the price of cooking gas has skyrocketed, […]
Nigeria: World Bank projects 350 million population by 2050
The World Bank has projected that Nigeria’s population will rise by over 130 million, reaching about 350 million people by 2050. This growth places Nigeria among the countries with the fastest-growing populations globally. With more than 220 million inhabitants currently, the country ranks as the sixth most populous nation in the world. Speaking at the […]