Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
Dangote refinery reduces petrol gantry price to N1,200 per litre
The spokesperson for the Dangote Group, Anthony Chiejina, said the adjustment represents a downward review of the refinery’s pricing template, driven by developments in the global oil market.
Nigeria’s capital importation rises 88% to $23.2bn in 2025
By Elizabeth Adegbesan Capital importation into the country increased year-on-year (YoY) by 88.5 percent to $23.21 billion in 2025 from $12.31 billion in 2024. Vanguard analysis of data from the National Bureau of Statistics, NBS, Capital Importation Report for 2025 showed that in Q1’25, capital imported into the country stood at $5.64 billion. In Q2’25, capital […]
Why petrol prices’ll remain high —Dangote
•Calls it “cost-of-living crises” in Nigeria •Says it will continue months after middle-east crises By Udeme Akpan, Energy Editor AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by […]
Why petrol prices’ll remain high — Dangote
AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by global market forces including the crises in the middle-east, the world’s crude oil hub.
Rail passenger revenue exceeds FG’s N7bn target by 11%
By Elizabeth Adegbesan Revenue generated from rail passengers in 2025 exceeded the Federal Government’s (FG) N7.01 billion target by 11 percent. Recall that in February 2025 the FG set a target of generating N7.01 billion in revenue from rail passengers by the end of 2025 with the aim of expanding services and recovering from previous security […]
