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Petrol Marketers Oppose Dangote’s Fresh Legal Challenge Over Fuel Import Licences 0
- BUSINESS, SLIDE
- May 18, 2026
Petroleum marketers in Nigeria have opposed a fresh legal move reportedly initiated by Aliko Dangote concerning fuel import licences, deepening tensions within the country’s downstream oil sector. The dispute is linked to ongoing disagreements over the importation of petroleum products following the commencement of operations at the Dangote Refinery, widely regarded as one of Africa’s
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President Tinubu: Nigeria Attracted $20b Foreign Investments This Year 0
- BUSINESS, SLIDE
- May 15, 2026
President Bola Ahmed Tinubu has announced that Nigeria has attracted nearly $20 billion in foreign direct investment this year, attributing the inflow to improved efficiency, transparency, and a more business-friendly economic environment. He made the remarks while speaking on Nigeria’s economic direction and Africa’s broader development challenges, stressing that the country is repositioning itself to
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Southwest Secures Rail Licence To Transform Regional Trade And Transport 0
- BUSINESS, SLIDE
- May 15, 2026
The South West Development Commission (SWDC) has taken a major step toward reshaping transportation and logistics in Nigeria’s southwest region after securing a provisional rail operating and track access licence from the Nigerian Railway Corporation (NRC). The approval allows the commission to operate passenger and freight rail services across existing railway corridors spanning key states
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Otedola Strengthens Banking Stake With N43bn First HoldCo Share Purchase 0
- BUSINESS, SLIDE
- May 13, 2026
Nigerian billionaire businessman Femi Otedola has expanded his investment footprint in the financial sector with the acquisition of shares in First HoldCo Plc valued at over N43bn, according to market disclosures. The latest transaction further consolidates Otedola’s position as one of the most influential shareholders in Nigeria’s banking industry, reinforcing his long-term strategic interest in
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Dangote Refinery Supplied 79% Of Nigeria’s Petrol In April — NMDPRA Data 0
- BUSINESS, SLIDE
- May 13, 2026
The Dangote Refinery supplied approximately 79 per cent of Nigeria’s petrol consumption in April, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The figures underscore the growing dominance of the Lagos-based refinery in Nigeria’s downstream petroleum market as local refining capacity continues to expand following years of dependence
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NNPC And NUPRC Remit N322bn, $116.9m After Tinubu’s Executive Order 9 Takes Effect 0
- BUSINESS, SLIDE
- May 12, 2026
Revenue inflows into Nigeria’s Federation Account have recorded a significant boost as the Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission jointly remitted over N322bn and $116.9m within two months of the implementation of Executive Order 9 signed in February 2026. The figures were contained in documents presented at recent Federation
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