Nigeria Exceeds OPEC Quota As Oil Production Hits 15-Month High Nigeria’s crude oil production rose above its Organisation of Petroleum Exporting Countries (OPEC) quota in May 2026, reaching its highest…
Category: Business
Elumelu emerges Seplat Energy Chairman
Nigerian independent oil and gas company, Seplat Energy Plc, has announced the appointment of billionaire investor and business leader, Mr. Tony Elumelu, as the next chairman of the company, with…
Monetary policy rate retained at 26.5%
Titilayo Ajogbeje The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting.…
Otedola to invest $100m in Dangote refinery
Titilayo Ajogbeje The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery. He revealed his plans on Wednesday after leading top executives…
Otedola to invest $100m in Dangote refiner
The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery. He revealed his plans on Wednesday after leading top executives of First HoldCo…
Dangote Refinery Reduces Jet Fuel Price To N1,650
Dangote Petroleum Refinery & Petrochemicals has said that it has reduced the price of aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre. This is as the…
FG denies leakage in federation revenue
The Federal Government says deductions from the federation earnings by the Federation Account Allocation Committee, FAAC, are being misrepresented as a diversion of revenue. In a statement on Sunday…
TINUBU ASSENTS TO 2026 APPROPRIATION BILL , 2025 BUDGET EXTENSION
President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period…
New tax system is people-centred , investment-friendly to advance the nation’s development goals- says Tinubu
Adewumi Ademiju President Bola Tinubu said colonial-era tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistencies, and assured that the new reforms will deliver greater prosperity and inclusivity. President Tinubu…
Dangote Refinery debunks petrol hike
Dangote Refinery and Petrochemicals has refuted reports of increasing price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,200 to N1,275 per litre. The refinery recently reduced the…