The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has disclosed that the Port Harcourt refinery was draining about N500 million monthly, forcing the company to suspend rehabilitation efforts. Ojulari made the revelation on Thursday in Abuja while receiving a delegation from …

…Will maintain 60% ownership   Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia. Under the partnership structure, EIH will …

  Former Senator Dino Melaye is once again in the spotlight—this time, not for his trademark theatrics, but for a weighty allegation of tax evasion. A Federal Capital Territory (FCT) Magistrate Court has summoned the former Kogi West lawmaker to appear before it on September 5, following a suit filed …

  Access Holdings Plc has named Mr. Innocent Ike as its substantive group managing director/chief executive officer, effective August 29, 2025, following regulatory approval.   The announcement comes just hours after Roosevelt Ogbonna stepped down from the company’s board in compliance with new corporate governance rules.   In a statement …

  The Nigeria Immigration Service has announced an upward review of the cost of obtaining the Nigerian Standard Passport, effective September 1, 2025.   A.S. Akinlabi Akinlabi, spokesman for the Nigeria Immigration Service (NIS), said in a statement that the increment is aimed at sustaining the quality of the Nigerian …

SIFAX Group has congratulated Dr. Abubakar Dantsoho, Managing Director of the Nigerian Ports Authority (NPA), on his election as Vice President (Africa) of the International Association of Ports and Harbours (IAPH). In a letter issued by the Group’s Chairman, Dr. Taiwo Afolabi, CON, He described the appointment as a well-deserved …

A magistrate court in the federal capital territory (FCT) has summoned Dino Melaye, former senator for Kogi West, over allegations of failing to pay his mandatory personal income tax for 2023 and 2024. The summons, dated August 21, 2025, and signed by Chiemena Nonye-Okoronkwo, the presiding magistrate, ordered Melaye to …

  Leading financial institution, Fidelity Bank Plc, has announced plans to convene a high-level panel of seasoned experts to chart a strategic roadmap for promoting African exports in global markets.   The panel session, titled “Laying the Tracks: Strengthening the Institutional Infrastructure for Africa’s Trade Promotion,” is scheduled for Day …

Enforcing its zero tolerance for auto crashes, the Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing stricter entry requirements for aspiring drivers. This development comes as Dangote Cement Plc undertakes the recertification and screening of all its truck drivers at …

Additional N900 billion capital is expected to be injected into the Nigerian banking industry before the end of 2025, although the expiration of the regulatory forbearance will moderate the performance of the banks, a report by Agusto & Co. Limited has hinted. In its “Nigerian Banking Industry Report” the firm …