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Dangote Refinery targets depot owners, major marketers in new marketing model

By Udeme Akpan, Energy Editor Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, to major marketers and depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The move represents a significant shift from the previous arrangement in which products were […]

Global mobility drives economic expansion, not capital flight — Optiva Capital boss 

By Babajide Komolafe The Chairman, Optiva Capital Partners, Mr. Franklin Nechi, has dismissed concerns that rising migration among Nigerians amounts to capital flight, insisting instead that global mobility fuels economic expansion and strengthens domestic resilience. Speaking during a media interaction in Lagos, the Optiva Capital boss argued that the growing appetite for residency and second citizenship […]

Raw materials export soars, despite push for local processing

lt undermines backward integration policies —LCCI  lProposed 30% value-addition bill will foster industrial growth —MAN  lPolicy alone can’t solve problem —CPPE By Yinka Kolawole There are indications that the Federal Government’s drive towards value-added exports is failing as exports of unprocessed raw materials jumped to N2.9 trillion in the first nine months of 2025 (9M’25). Data from […]

Investors reap N8.1trn as NGX records highest W/W gain

By Peter Egwuatu  The Nigerian equities market extended its bullish run, Week on Week,W/W, as sustained demand across key sectors lifted the benchmark index further into record territory amid rise in global oil prices.  The market recorded the highest W/W gain, as investors gained over N8.137 trillion from their investment listed on the Nigerian Exchange Limited, […]

Ramadan 06: Be disciplined, avoid lying, vain talk, backbiting, abuse

By Haroon-Ishola Balo One of the greatest threats to the reward of fasting is the misuse of the tongue. In Ramadan, Allah does not only command us to restrain our stomachs, but also to discipline our speech. Lies, vain talk, backbiting, and abusive words can silently drain the reward of fasting while a person remains […]

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