The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has pushed back against the fresh lawsuit filed by the Dangote Petroleum Refinery seeking to invalidate fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement, the group argued that the licences being challenged were not mere administrative…
The Dangote Petroleum Refinery has taken the Federal Government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel import licences to major petroleum marketers in 2026. Industry data…
The Monetary Policy Committee (MPC) said rising political spending and foreign exchange (forex) demand pressures associated with the 2027 elections will test the resilience of Nigeria’s economy. Members of the Central Bank of Nigeria (CBN)-led MPC, in their personal notes at the last MPC meeting released on Thursday including Aloysius Ordu, Bandele Amoo, Lamido Yuguda,…
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Jani Ibrahim, has appealed to government stakeholders in Nigeria and China to accelerate the frameworks for the establishment of direct flights between Nigeria and China. The NACCIMA President said this will significantly reduce travel time and ease the stress…
A governorship aspirant of the All Progressives Congress (APC) in Adamawa State, Abdulrahman Bashir Haske, has embarked on a statewide grassroots appreciation and engagement tour across the 21 Local Government Areas (LGAs), aimed at strengthening citizen engagement and aligning leadership priorities with the aspirations of the people. The five-day strategic tour, which commenced on Monday,…
The Nigerian National Petroleum Company (NNPC) Limited said it has signed a Memorandum of Understanding (MoU) with two Chinese entities, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of Port Harcourt and Warri…
Nigeria ranks as the 34th most breached country in first quarter (Q1) 2026, with 281.5k leaked accounts. Globally, a total of 210.3 million accounts were breached, with the US ranking first and amounting to 29 per cent of all breaches from January through March. France took second place, while India is third, followed by Brazil…
President Bola Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s Minister of Foreign Affairs, following the resignation of Ambassador Yusuf Tuggar, who stepped down to participate in the 2027 elections. Ambassador Odumegwu-Ojukwu previously served as Minister of State in the Ministry of Foreign Affairs. In the same vein, the President has nominated Ambassador Sola Enikanolaiye…
Oil prices jumped to their highest level since 2022 after a report that the US military is set to brief President Donald Trump on new plans for potential action in the Iran war. Brent crude rose by almost 7% to more than $126 a barrel at one point, before falling back. US Central Command has…
