Category: Business

Anda Micheal, Abuja  The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that crude oil losses from pipeline vandalism and theft have dropped to 9,600 barrels per day (bpd), the lowest figure in over 15 years. In a statement issued by its Head of Media and Strategic Communications, Eniola Akinkuotu, the Commission described the July 2025 figures as a “dramatic... Read more

By Samuel John, Abuja The African Development Bank (AfDB) has projected that African countries will require about $811 billion each year to close development gaps and address critical socio-economic challenges. The Director-General of AfDB’s Nigeria Country Department, Dr. Abdul Kamara, revealed this on Thursday at the 2025 annual conference of the Nigerian Economic Society (NES) in Abuja. He assured that... Read more

Dangote Refinery Crisis Deepens as PENGASSAN Joins NUPENG, Threatens Shutdown Over Union Rights The standoff between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery has escalated, with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) declaring solidarity and threatening a joint strike that could cripple operations at the multibillion-dollar facility. In a... Read more

FG summons Dangote, NUPENG to an emergency meeting as nationwide strike begins Monday The Federal Government through the Minister of Labour and Employment, has summoned the management of Dangote group and the leadership of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, to an emergency meeting on Monday, September 8, in a frantic efforts to halt the planned... Read more

Strike: NUPENG, FG, Dangote meeting deadlocked ABUJA-- THE meeting between the Nigeria Union of Petroleum and Natural Gas Workers Union, NUPENG, and the Dangote Group ended in a deadlock The meeting which was on the instance of the Minister of Labour and Employment, Muhammad Maigari Dingyadi, could not amicably agree on some of the demands of the Union. Though, it... Read more

Deputy Speaker Kalu Resolves Indigenous Contractors Crisis with Federal Government In a significant development, the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, Thursday, successfully brokered a resolution through his intervention, bringing an end to the standoff between the Federal Government and indigenous contractors of Nigeria. This came after the contractors, owed for months, staged a... Read more

Dangote Warns Truckers Against Illegal Use of Logo, Vows Legal action Dangote Industries Limited (DIL) has issued a fresh warning to truck operators against the unauthorised use of its company logo, stressing that offenders will face legal consequences. According to a statement, the company noted that despite repeated cautions, some truckers unaffiliated with Dangote continue to brand their vehicles with... Read more

Cashew Farmers Reject Export Ban, Warn of Mass Poverty The National Cashew Association of Nigeria (NCAN) has strongly opposed calls for restrictions on cashew exports, warning that such measures would push millions of smallholder farmers into poverty. In a statement issued on Thursday, NCAN President, Dr. Ojo Ajanaku, described the proposal as counterproductive, stressing that it would undermine years of... Read more