BUSINESS

Dangote Refinery Expands Fuel Exports Across Africa 0
- BUSINESS
- March 23, 2026
Dangote Petroleum Refinery has strengthened Nigeria’s footprint in the regional energy market by exporting 456,000 tonnes (456KT) of refined petroleum products to African countries, including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. The shipments, representing 12 cargoes sold on a FOB (Free on Board) basis, mark the refinery’s export of Premium Motor Spirit (PMS) following
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Global Stocks Slide as Trump Issues 48-Hour Ultimatum to Iran 0
- BUSINESS
- March 23, 2026
Global financial markets came under pressure on Monday as rising tensions between the United States and Iran triggered a sharp sell-off in stocks, while oil prices moved higher amid fears of prolonged conflict. The escalation follows a 48-hour ultimatum issued by former U.S. President Donald Trump, demanding that Iran reopen the Strait of Hormuz—a critical
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Dangote Refinery Raises Petrol Price To ₦1,245 Amid Iran War 0
- BUSINESS
- March 21, 2026
The Dangote Refinery has reportedly increased the price of petrol to about ₦1,245 per litre, as the ongoing Middle East conflict involving Iran continues to disrupt global oil markets. The latest adjustment reflects sustained volatility in crude oil prices, which have surged due to attacks on key energy infrastructure and fears of supply disruptions across
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Government Intervenes As Port Charges Rise In Lagos 0
- BUSINESS
- March 19, 2026
Lagos authorities have shut down several shipping companies following complaints over increased port charges, a move aimed at addressing rising costs and ensuring compliance with regulations. According to sources, the shutdown targeted firms alleged to have imposed excessive handling and service fees on importers and exporters, prompting intervention by relevant government agencies. Officials said the
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CBN Reports Massive Crude Imports By Dangote Refinery 0
- BUSINESS
- March 19, 2026
The Central Bank of Nigeria (CBN) has reported that the Dangote Refinery imported $3.74 billion worth of crude oil in 2025. According to the CBN, the refinery’s import activities reflect the scale of operations at what is Africa’s largest single‑site refinery, highlighting the significant role it plays in Nigeria’s oil and gas sector. The report
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NIPC Raises Concern Over Impact Of Social Media On Investment 0
- BUSINESS
- March 18, 2026
The Deputy Director and Head of Planning at the Department of Strategic Services of the Nigerian Investment Promotion Commission, Abdullahi Shiru, has said that negative comments on social media are impacting Nigeria’s investment drive. Speaking at a recent engagement, Shiru noted that online narratives play a significant role in shaping how potential investors perceive Nigeria.
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