Business

Governor Monday Okpebholo of Edo State has approved the payment of ₦914 million to Tony Adun, popularly known as Tony Kabaka, as compensation for the demolition of his hotel in Benin City. The announcement came on Friday after the…
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The Dangote Petroleum Refinery has announced it will no longer sell petrol in naira, a move that has unsettled marketers and raised concerns over fuel prices and foreign exchange stability. In a notice sent to customers on Friday…
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Dangote Petroleum Refinery has reacted to reports of mass dismissals, saying only a small number of employees were affected in what it described as a reorganisation to protect the facility and improve efficiency. In a statement released…
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Tension has erupted at the Dangote Refinery after reports emerged that all Nigerian workers were dismissed less than 24 hours after they joined the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The mass…
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The Niger Delta Development Commission is once again in the spotlight as major infrastructure projects across the region remain unfinished while the federal government has yet to publish the commission’s forensic audit report. The…
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Minister of the Federal Capital Territory, Nyesom Wike, has cautioned contractors in Abuja against abandoning projects midway, insisting they must remain on site until completion. Speaking on Thursday at the flag-off of the Arterial…
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The Manufacturers Association of Nigeria (MAN) has cautioned the Federal Government against introducing a tax stamp system for excisable goods, warning that it could create high compliance costs, operational hurdles, and yield little…
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Two of Nigeria’s biggest oil workers’ unions, PENGASSAN and NUPENG, have rejected plans by the Federal Government to sell part of its stakes in joint venture (JV) oil assets and amend the Petroleum Industry Act (PIA). At a joint…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have strongly opposed reported plans by the federal government to sell major stakes in Joint…
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Femi Otedola has stepped into the ongoing dispute between the Dangote Refinery and the Depot and Petroleum Products Marketers Association of Nigeria, urging marketers to rethink their business model as the refinery reshapes Nigeria’s…
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