Category: Business

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

Obi Urges FG to Suspend 5% Fuel Tax Until Nigerians Feel Economic Relief The 2023 Labour Party (LP) presidential candidate, Peter Obi, has called on the Federal Government to suspend its planned 5 percent tax on refined fossil fuel sales, saying Nigerians should first feel the positive impact of ongoing economic reforms. Obi made the appeal in a post titled... Read more

Retired Soldiers Storm Finance Ministry Again Over Unpaid Benefits Retired Nigerian military personnel on Thursday barricaded the gates of the Federal Ministry of Finance in Abuja, protesting the ministry’s alleged refusal to release funds to the Military Pensions Board for the settlement of their long-overdue entitlements. The ex-servicemen had previously suspended a similar protest on August 4, following assurances from... Read more

FG Generates ₦20.59trn from Non-Oil Revenue in Eight Months Abuja — The Presidency on Wednesday announced that Nigeria earned ₦20.59 trillion from non-oil revenue between January and August 2025, surpassing the federal government’s revenue projections for the year. According to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the impressive performance reflects... Read more

Price Hike: No Subsidy on CNG, FG Clarifies The Federal Government has dismissed claims of subsidizing Compressed Natural Gas (CNG), insisting that recent price adjustments are market-driven and determined solely by private operators. In a statement on Wednesday, the Presidential Compressed Natural Gas Initiative (PCNGI) explained that CNG pricing is outside government control, stressing that its role is to ensure... Read more

Access Holdings Plc has announced the appointment of Mr. Innocent Ike as the substantive Group Managing Director/Chief Executive Officer (GMD/CEO) of the Company, effective August 29, 2025, following the receipt of regulatory approval. The Company in a statement to the NGX said: “Mr. Ike takes over from Ms. Bolaji Agbede, who has steered the affairs of the financial services group... Read more