BUSINESS

Dangote Refinery Resumes Petrol Sales Under Revised Distribution Framework 0
- BUSINESS
- February 23, 2026
Dangote Petroleum Refinery has restarted the sale of Premium Motor Spirit (PMS), commonly known as petrol, to major marketers and approved depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), energy sector sources say. The refinery’s return to selling petrol follows a controlled distribution model designed
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Manufacturing Growth In Focus As Innoson Boosts Workforce And Builds New Plant 0
- BUSINESS, NEWS
- February 22, 2026
Innoson Group, one of Nigeria’s leading indigenous manufacturing companies, currently employs about 8,000 direct workers nationwide and plans to expand its workforce further with a new tractor manufacturing plant, the company’s Chief Executive Officer Innocent Chukwuma has said. Chukwuma made the disclosure on Saturday February 21 2026 while leading the management team of the Bank
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NNPCL CEO Visits Dangote Refinery To Discuss Infrastructure Plans 0
- BUSINESS
- February 21, 2026
Aliko Dangote, Africa’s richest industrialist and founder of the Dangote Group, hosted Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), at the Dangote Petroleum Refinery on Saturday for a facility tour and strategic discussions on expanding the refinery’s marine and port infrastructure, industry sources say. The meeting, held
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Trump Faces Major Legal Blow As Tariffs Nullified 0
- BUSINESS
- February 21, 2026
President Donald Trump has sharply criticised the U.S. Supreme Court after the high court struck down his sweeping global tariffs saying the justices who ruled against him are unfit to serve and suggesting without evidence that they are influenced by foreign interests and political opponents, multiple media reports say. The decision represents a major legal
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Naira Expected To Extend Gains As Foreign Exchange Market Improves 0
- BUSINESS
- February 20, 2026
Nigeria’s naira is projected to gain in value against the US dollar in the coming days as stronger foreign exchange inflows and central bank interventions continue to tighten liquidity conditions and narrow the gap between official and parallel market rates traders and analysts say citing a Reuters report. The improved outlook reflects growing confidence in
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MTN Tower Acquisition Under Federal Government Review 0
- BUSINESS
- February 19, 2026
The Federal Government has announced plans to conduct a thorough assessment of MTN Group’s acquisition of IHS Towers to determine the implications of the deal for Nigeria’s telecommunications sector and overall digital economy. The move follows a landmark agreement in which MTN agreed to buy out the remaining stake in IHS Holding Limited in a
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