Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, on Tuesday delivered a characteristically direct and pragmatic assessment of Nigeria and Africa’s energy future at CERAWeek 2026, declaring that the country’s fundamentals are strong, its value proposition clear, and its focus now squarely on execution. Speaking on...
BUSINESS
The ongoing war between the United States (US), Israel and Iran in the Middle East has continued into its second week, raising the economic threat this conflict poses to South Africa. Iran has responded to the 28 February US/Israel attack by targeting oil-producing states in the Persian Gulf that...
Africa’s wealthiest entrepreneurs have once again been spotlighted as Forbes releases its 2026 Africa Billionaires ranking, with Nigeria’s Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu leading the pack. Topping the list, Aliko Dangote retained his title as Africa’s richest man, with an estimated net worth of $28.5...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to reduce the cost of crude oil supplied to the Dangote Petroleum Refinery, warning that the current pricing structure is contributing to the sharp rise in petrol prices across the country. National President of IPMAN, Abubakar...
Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has described the resolution of the long-running OPL 245 dispute as a major milestone for Nigeria’s energy sector and a step forward in unlocking the country’s deepwater oil potential. In a statement issued on March 5, Ojulari said the...
Contractors have waited too long. Tinubu’s payment reforms aim to restore transparency, discipline, and trust in Nigeria’s public projects. When President Bola Tinubu assumed office, he inherited a contractor payment system burdened by arrears, opacity and excessive discretion. By late 2025, official estimates placed outstanding federal obligations at roughly...
MultiChoice, the company behind popular pay-TV services MultiChoice, DStv, and GOtv, has confirmed plans to discontinue its streaming platform Showmax after more than a decade in operation. The announcement marks a major shift in the company’s digital strategy as it reassesses its position in the increasingly competitive global streaming...
A few years ago, having a dollar card in Nigeria felt like a privilege. To get one, you typically had to visit a bank branch, complete the required paperwork, and wait for approval and issuance. Today, a few clicks are enough. But a virtual USD card is more than...
Ibom Air has announced full compliance with a new safety directive issued by the Nigerian Civil Aviation Authority (NCAA) regulating how passengers carry and store power banks during flights. The airline said the move underscores its continued commitment to the safety of passengers and crew during flight operations. The...
Price of Premium Motor Spirit (PMS), popularly known as petrol, has surged to N1,000 per litre in Uyo, the Akwa Ibom State capital, following a sudden hike that has left many filling stations closed. Findings across the city revealed that most petrol stations, including several major marketing outlets, did...
Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso has revealed that Nigeria’s gross and net foreign reserves improved significantly at the end of 2025, reflecting stronger external sector fundamentals and sustained policy reforms. The apex bank disclosed this in a post issued on Tuesday via its official X...
BUA Cement Plc has posted a remarkable financial performance for the 2025 financial year, recording a profit after tax of N356.04 billion, according to confirmed reports. Financial analysts say the figure represents a major leap from the N73.91 billion recorded in 2024, highlighting the company’s strong growth trajectory in...
Federal Ministry of Finance has announced the commencement of the implementation of Executive Order 9 of 2026, aimed at strengthening transparency and safeguarding Nigeria’s petroleum revenues. In a press statement issued in Abuja, the ministry disclosed that the Implementation Committee for the executive order held its inaugural meeting on...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed new data from the National Bureau of Statistics (NBS) showing that Nigeria’s real GDP grew by 4.07% in the fourth quarter of 2025 (Q4 2025). Edun said this marks the second time in a decade—excluding the...
Federal Government has defended Executive Order 9 (EO9), insisting that the directive is rooted in constitutional provisions and does not amount to executive overreach. In a statement issued on February 23, 2026, the Director-General of the Budget Office of the Federation, Tanimu Yakubu, said claims that the order allows...
NNPC Ltd, Dangote Group forge strategic alliance to accelerate Nigeria’s energy security, prosperity
NNPC Ltd, Dangote Group forge strategic alliance to accelerate Nigeria’s energy security, prosperity
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies. The visit, which...
Ibom Air has been honoured with the Corporate Impact Award by the Medical Women’s Association of Nigeria (MWAN), Akwa Ibom chapter, for advancing cancer care initiatives within the state. The airline was also recognised for “exceptional leadership and distinguished corporate citizenship.” The honour was conferred during the investiture ceremony...
The Nigerian Communications Commission (NCC) on Wednesday, played host to a delegation from the Association of Telecom Companies of Nigeria (ATCON), led by its President, Tony Emoekpere, who were on a courtesy visit. The ATCON members were received at the Commission’s Headquarters, Abuja, by the Executive Vice-Chairman/CEO of the...
Nigeria’s headline inflation eased to 15.10% in January 2026, marking a notable moderation in price pressures following the rebasing of the Consumer Price Index by National Bureau of Statistics. The CPI fell to 127.4 points, down by 3.8 points from December 2025, reflecting a sharp month-on-month contraction of -2.88%,...
Nigerian National Petroleum Company (NNPC) Ltd has announced that Seplat Energy Plc, its joint venture partner and a major gas supplier, will carry out routine maintenance on its gas production facilities from February 12 to 15, 2026. The disclosure was contained in a press statement issued by the Chief...