Oil marketers have revealed that they are getting their petrol supplies from Dangote Refinery and Petrochemical, insisting that nobody is importing the product for now. They stated that the supply chain has been stable, with the oil marketers now buying their products from Dangote Refinery. However, some marketers argue that petrol importation is still going…
Dangote Petroleum Refinery has dismissed reports claiming it is shutting down, stating that production remains ongoing, stable, and uninterrupted. According to a statement made available to X by the company, the refinery continues to supply between 40 and 50 million litres of Premium Motor Spirit (PMS) daily through January and February, depending on market demand….
The Nigerian Exchange (NGX) began the year on a bullish note, as renewed investor appetite pushed equities market capitalisation above the ₦100 trillion threshold, underscoring strong early-year buying and broad-based gains across listed stocks. Market data showed that total equities market capitalisation climbed from ₦99.94 trillion on January 2 to ₦101.81 trillion by January 5,…
The Nigerian National Petroleum Company Limited (NNPC) has again reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by N20. Several NNPC retail outlets in Abuja on Monday showed that the company is now selling petrol at N815 per litre, down from N835. Sources within the company said the price adjustment…
Allen Onyema, Air Peace chief executive officer (CEO), says the new tax laws have brought back charges that the 2020 tax laws removed. In an interview with Arise News on Sunday, Onyema said the taxes include customs duties on imported aircraft, aircraft parts, and engines, as well as VAT on tickets. He said they will…
It is not easy to be a great leader, but it is possible through hard work and consistency. As an entrepreneur, no doubt, you need leadership skills that can pivot you and your business forward. Leadership is not about audacity but having the right qualities to excel in such a position. You need to be…
Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre. This comes two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, the President of…
The Dangote Petroleum Refinery has announced another reduction in its petrol gantry price, lowering the ex-depot rate from N828 to N699 per litre. Market figures released on Friday by Petroleumprice.ng showed that the refinery carried out a fresh downward adjustment, cutting the Premium Motor Spirit benchmark by N129 per litre — a 15.58 per cent…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has charged the management and staff of Opay to make compliance with existing regulations a watchword to ensure business integrity and block avenues for money laundering and fraudulent practices. Olukoyede gave the charge in Abuja on Thursday, December 11, 2025, when…
PZ Cussons on Wednesday announced that it is retaining its Africa business and sets out ambitious growth plans for the business, citing growth in its core business in Nigeria, Kenya, and Ghana. “…The fact that the Nigerian business has, since FY22, more than doubled the number of stores which it serves directly, has been a…
