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Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.
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NAFDAC finds methanol and cannabis in Ondo drinks that killed 48 people

NAFDAC lab tests found high concentrations of methanol and cannabis in herbal concoctions blamed for 48 deaths and seven cases of blindness in Ondo State.
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Crude oil crashes to $73 but Nigerian petrol prices stay above N1,200 per litre

Nigerian petrol prices remain above N1,200 per litre despite crude oil crashing to $73 per barrel on Wednesday, its lowest point since the US-Iran conflict began.
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Dangote refinery slashes petrol gantry price by N75 a litre

Dangote Petroleum Refinery has cut the gantry price of petrol by N75 to N1,175 a litre, citing easing Middle East tensions that lowered crude prices.
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Fuel prices may fall as oil drops on US-Iran talks

Nigerian fuel prices could fall in the coming days as global crude tumbles on hopes of a US-Iran deal to reopen the Strait of Hormuz.
Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
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Dangote rejects NNPC’s bid to lift refinery stake, plans public listing

Aliko Dangote rejected NNPC's bid to lift its 7.25 percent refinery stake, saying his $20 billion Lekki plant plans a public listing for ordinary Nigerians.
Business

LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Dangote pledges 95,000 jobs as refinery scales to 1.4m bpd

Aliko Dangote has pledged 95,000 skilled jobs as his Lagos refinery scales from 650,000 to 1.4 million barrels per day, set to overtake India's Jamnagar.
Business

Dangote crosses $30 billion on Forbes list for first time

Forbes has valued Aliko Dangote at $30.3 billion for the first time as his now operational Lagos refinery closes the gap with Bloomberg's wealth tracker.
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Dangote refinery is subsidizing Nigeria’s petrol and diesel, official says

A senior Dangote Group official says the refinery subsidizes Nigeria's petrol and diesel but sells jet fuel at full market price.
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FG seeks 30-day fuel credit for airlines as Dangote profits soar

The Federal Government has asked fuel marketers to give Nigerian airlines a 30-day credit window as Aliko Dangote's refinery rakes in record jet fuel margins.
Business

Dangote offers to build East Africa a refinery matching his Lagos plant

Aliko Dangote has offered to build a refinery in Tanzania matching his 650,000-barrel-per-day Lagos plant, with Kenya and Uganda already in talks on the project.
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News

Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.
News

NAFDAC finds methanol and cannabis in Ondo drinks that killed 48 people

NAFDAC lab tests found high concentrations of methanol and cannabis in herbal concoctions blamed for 48 deaths and seven cases of blindness in Ondo State.
News

Oyo school kidnap survivor tells court of 56 days without clean water

A teacher abducted from an Oriire school in May told the Federal High Court how 46 captives, including toddlers, survived 56 days on dirty water and plain rice.
News

Civil servants warn Oyedele over 40% allowance he promised to fund

Federal workers have written to Finance Minister Taiwo Oyedele warning that the unpaid 40% peculiar allowance and promotion arrears are building restiveness in the public service.