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DAPPMAN accuses Dangote Refinery of plotting private monopoly in fuel market
Responding to the recent lawsuit filed against the Federal Government by the Dangote Refinery over the former’s decision, last week, to license six companies to import petrol, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has accused the Dangote…
Lagos clamps down on 15 money lending firms over infractions
Lagos Government says it has sanctioned at least 15 money lending companies for breaching operational regulations and engaging in activities considered harmful to their customers. This is also as the government disclosed that it renewed the existing operational licences of…
Dangote drags FG to court over fresh petrol import licenses
Barely days after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) resumed the issuance of petrol import licences to petroleum marketers, the Dangote Refinery has dragged the federal government to court over what it termed ‘policy inconsistency.’ It would be…
Naira devaluation responsible for Nigeria’s rising debt— FG
Nigeria’s debt sustainability concerns are driven more by elevated interest rates and exchange rate volatility than excessive new borrowing, according to a report by The Briefing – Macro & Markets. This is just as the Minister of Finance and Coordinating Minister…
TCN commissions two new 600MW plants to national grid
Transmission Company of Nigeria (TCN) has added 600MW of power to the national grid following the commissioning and evacuation of electricity generated by the Azura Power Plant and the Niger Delta Power Holding Company plants. Managing Director of TCN, Sule Abdulaziz,…
FG to commission digital switch over project, June 17
Federal Government, through the Minister of Information and National Orientation, Mohammed Idris, has announced that Nigeria’s long-awaited Digital Switch Over (DSO) project is now fully ready for nationwide launch, describing it as a major milestone in President Bola Ahmed Tinubu’s…
Nigeria’s total public debt to hit N160.98tn, as fresh $1.25bn World Bank loan nears approval
As a fresh World Bank loan by the federal government nears approval, the country’s total public debt profile is now projected to reach N160.98 trillion. This figure is sharp rise from the N87.38 it stood, as at the assumption of…
PoS transactions set to hit N8.96trn in May
Point-of-Sale (PoS) transactions in Nigeria are set to reach N8.96 trillion by the end of May 2026, rebounding from a slight 1.82 per cent dip suffered in April, this year. According to payment system data, PoS transactions stood at N7.70…
NCDMB to host 2026 midstream, downstream stakeholders summit in Lagos
Nigerian Content Development and Monitoring Board has announced plans to host the 2026 Oil and Gas Midstream and Downstream Stakeholders Summit as part of efforts to deepen collaboration, investment and policy engagement across Nigeria’s energy sector. The announcement which was…
Africa’s $194bn revenue gap, $89bn annual losses impose development strain
Kemi Olowu Africa’s domestic resource mobilization gap is estimated at around $194 billion annually, underscoring a deep fiscal shortfall that continues to constrain development spending across the continent, according to experts from the West African Tax Administration Forum (WATAF) and…
