Aliko Dangote, President/Chief Executive of Dangote Industries Limited, said Africa loses an estimated $90 billion annually to the importation of refined petroleum products due to its inadequate domestic refining capacity. Speaking at the West African Refined Fuel Conference in Abuja on Tuesday, Dangote warned that the continent’s reliance on fuel imports not only bleeds its…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a profit after tax of N905 billion for June 2025, according to its Monthly Financial and Operations Report. The report showed that crude oil and condensate production stood at 1.68 million barrels per day for the month, slightly below the May peak of 1.73 million…
The Lagos Metropolitan Area Transport Authority has reaffirmed its commitment to fairness by pledging equitable compensation to residents affected by the ongoing Quality Bus Corridors and Multimodal Transport Interchange Project. In partnership with Agence Française de Développement, LAMATA is disbursing compensation to landlords and tenants affected by the project. At the Surulere Local Government Office…
The Oyo State Government subsidised transport fare for 5,880,000 passengers under the Sustainable Action for Economic Recovery between January and July 2025. This was disclosed by the Chairman/Sole Administrator of the Pacesetter Transport Services, Ibrahim Dikko, on Monday. Speaking with newsmen at the Governor’s Office, Secretariat, Agodi in Ibadan, Dikko, in a statement by the…
The Nigerian Content Development and Monitoring Board (NCDMB) has formally launched the Centre for Marine and Offshore Technology Development (CMOTD). The centre, established under a Public-Private Partnership (PPP) initiative, aims to promote the growth and adoption of marine and offshore technologies, research, and training in the Nigerian Oil and Gas Industry Content Development (NOGICD) Act….
OLORUNDARE ENIMOLA, Lagos In a bid to consolidate on earlier directives banning trucks from turning the Ojuore-Ilogbo Road into a parking bay by logistic trucks servicing the manufacturing companies bestriding the road; the Ogun State Traffic Management and Enforcement Agency, TRACE has reiterated the ban on trucks from indiscriminate on the road shoulders. The Agency…
Emirates will introduce a third daily flight to Mauritius from on 1 December 2025. The additional service, to be operated by a Boeing 777 aircraft, will complement existing schedules and support the travel plans of Emirates customers planning trips to the popular destination from across its network of more than 140 points. Emirates currently serves…
The Federal Government has signed a Memorandum of Understanding (MoU) and an Enhanced Bilateral Air Services Agreement (BASA) with the Arab Republic of Egypt. The MoU was the fallout of a meeting held in Kuala Lampur, Malaysia, by the NigeriaN delegates and the Arab Republic of Egypt, which culminated in the review of the Bilateral…
The Nigeria Customs Service, NCS, has recorded a major breakthrough in its ongoing anti-smuggling operations, seizing contraband goods and petroleum products valued at over N1.84 billion, destined for smuggling into the Benin Republic. The coordinated operation, which ran from June 3 to July 18, 2025, covered several South-Western states under Zone A jurisdiction. It led…
