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Boko Haram Attack Kills Five Security Operatives in Adamawa

KEY POINTS Five security operatives are feared killed in attacks on two Adamawa communities. ...
Business

FG renews push for 1 million CNG vehicles as about 120,000 are converted so far

The federal government has renewed its push for one million CNG vehicles to cut transport fares, with about 120,000 vehicles converted so far, officials say.
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Aliko Dangote explains why petrol stays expensive despite local refining

Aliko Dangote says petrol remains expensive despite local refining because his refinery buys crude at global prices, but promises Nigeria will face no shortages.
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Aliko Dangote says N2.2 trillion refinery IPO will democratize wealth creation

Aliko Dangote says the N2.2 trillion Dangote refinery IPO will democratize wealth creation by giving Nigerians and global investors a stake in Africa's largest refinery.
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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.
News

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.
News

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.
News

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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News

Boko Haram Attack Kills Five Security Operatives in Adamawa

KEY POINTS Five security operatives are feared killed in attacks on two Adamawa communities. ...
Business

FG renews push for 1 million CNG vehicles as about 120,000 are converted so far

The federal government has renewed its push for one million CNG vehicles to cut transport fares, with about 120,000 vehicles converted so far, officials say.
News

Private jet loses door after Abuja takeoff, lands safely as NSIB opens probe

A Triton Aviation business jet lost its door after taking off from Abuja and landed safely with nine people aboard, and NSIB is investigating.
News

Troops destroy Lakurawa camps in Sokoto forest, kill several fighters

Nigerian troops overran a Lakurawa enclave in Sokoto’s Waria Forest, killing several fighters, destroying camps and recovering weapons and five motorcycles, the military said.