BUSINESS Archives - Page 5 of 36

Dangote Refinery May Restrict Petrol Supply to Importing Marketers 0
- BUSINESS, SLIDE
- August 31, 2026
The Dangote Petroleum Refinery and Petrochemicals may restrict the supply of Premium Motor Spirit (PMS) to major oil marketers that continue to import petrol into Nigeria, amid concerns over product quality, blending and market transparency. A source familiar with the refinery’s position said the proposed measure could take effect as early as this week, subject
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FAAN Clears Bolt To Resume Operations At All Airports 1
- BUSINESS, SLIDE
- August 27, 2026
The Federal Airports Authority of Nigeria (FAAN) has approved Bolt to immediately resume operations at all FAAN-managed airports following an agreement reached between both parties on a new operational framework. The development comes after widespread complaints from passengers over increased transportation costs and inconvenience caused by the temporary suspension of e-hailing services at the airports.
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No More Free Power – FG Unveils Electricity Tariffs For Universities, Teaching Hospitals 0
- BUSINESS, SLIDE
- August 27, 2026
The Federal Government is set to begin charging 25 federal universities and teaching hospitals for electricity generated from renewable energy projects deployed across the country. Minister of Power, Joseph Tegbe, disclosed this on Wednesday in Abuja during the unveiling of the Renewable Asset Management Company (RAMCO). He said the decision was aimed at ensuring the
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Dangote Moves To Acquire Vessels For Regional Exports 0

Dangote Industries is set to acquire its own vessels as part of efforts to address persistent shipping challenges and reduce the cost of transporting its products to markets across West and Central Africa. The company said the decision followed difficulties in securing adequate shipping capacity for its exports, while transporting goods by road has proved

Nigeria’s Petrol Consumption Dipped 25% In July 0

Nigeria’s daily petrol consumption fell by 25 per cent to 35.7 million litres in July 2026, down from 47.4 million litres recorded in June, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The figures were contained in the regulator’s “Factsheet: State of the Midstream and Downstream July 2026”,

FG targets $21bn Investment, 175,000bpd From Bonga Southwest 0

Nigeria is targeting between $15 billion and $21 billion in investment from the development of the Bonga Southwest/Aparo deepwater oil project, with peak production expected to reach about 175,000 barrels of crude oil per day (bpd). The project moved closer to Final Investment Decision (FID) on Monday after the Nigerian National Petroleum Company Limited (NNPC