Nigeria Leads Africa in Energy Transition—WEF Report

Abuja, Nigeria — Nigeria has emerged as Africa’s best-performing nation in the global energy transition rankings, climbing to 61st place globally in the 2025 Energy Transition Index (ETI) released by the World Economic Forum (WEF). This marks a significant leap of 48 positions from last year’s report, with Nigeria scoring 54.8 points—an improvement attributed to…

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13 banks clear USSD debts using airtime-based billing model

Nigeria – In a development for Nigeria’s digital financial services, thirteen commercial banks have fully settled their outstanding debts for Unstructured Supplementary Service Data, USSD, services owed to Mobile Network Operators, MNOs, paving the way for a new, streamlined billing structure. The remaining three banks are nearing completion of their payments, having cleared over 95…

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Dangote To Start Fuel Supply Nationwide From August 15

Lagos, Nigeria — The Dangote Petroleum Refinery has announced it will commence nationwide distribution of Premium Motor Spirit (PMS) and diesel from August 15, 2025, in a bid to bolster fuel supply and support economic development across Nigeria. This announcement was made in a statement released on Sunday, highlighting the refinery’s wide-scale distribution strategy, which…

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FG, Nestlé partner to enhance milk production in Nigeria

Nigeria – Nestlé Nigeria Plc has announced an ongoing collaboration with the Federal Ministry of Livestock Development to launch a dairy technical skills development program aimed at enhancing the quality and volume of milk production in Nigeria. A statement by Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria, said the initiative has…

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Eid-el-Kabir: PDP Calls on Tinubu to Cut Fuel and Electricity Costs

Abuja, Nigeria—The Peoples Democratic Party (PDP) has called on President Bola Tinubu to urgently review and reverse economic policies burdening Nigerians, particularly high fuel prices, electricity tariffs, and charges on essential services. In a statement issued Friday by its National Publicity Secretary, Debo Ologunagba, the PDP urged the government to use the Eid-el-Kabir season to…

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Coca-Cola Unveils Larger 60cl Bottle Option

Nigeria — The Coca-Cola Company has unveiled a new 60cl PET bottle for its soft drinks, promising Nigerian consumers more volume at no additional cost. According to the statement released, the company said the newly introduced bottle size would deliver more refreshments at the same price. Speaking during the launch, Senior Director of Frontline Marketing, Coca-Cola…

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PENGASSAN Gets 3x Pay Raise for Oil, Gas Workers

Abuja, Nigeria — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has achieved a major milestone, negotiating wage increases of up to 300 percent for workers in the oil and gas industry. This development was announced by Comrade Festus Osifo, PENGASSAN President, during his address at the 2025 PENGASSAN Women Annual Convention…

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World Bank Flags NNPCL Over Incomplete Remittance of Fuel Subsidy Savings

Abuja, Nigeria— The World Bank has raised concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) partial remittance of revenue gains following the removal of the Premium Motor Spirit (PMS) subsidy. This observation was detailed in the World Bank’s latest Nigeria Development Update (NDU), released in May 2025. The report indicates that despite the official…

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10 Firms 65.79% Value Stocks Trading In Q1

Nigeria – In the first-quarter (Q1) period ended March 31, 2025, 10 stockbroking firms were responsible for 65.79 per cent of the value of stocks traded on the Nigerian Exchange Limited (NGX). Equities transactions by these stockbroking firms, which included Chapel Hill Denham Securities Limited, Cardinalstone Securities Limited, APT Securities and Funds, and other seven…

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Dangote Refinery Halts Petrol Sales in Naira

Nigeria – Dangote Petroleum Refinery has temporarily stopped selling petroleum products in naira. This decision was communicated to petroleum marketers through an official notice on Wednesday afternoon. According to the refinery, the suspension aims to align sales revenue with crude oil purchase obligations, which are currently in U.S. dollars. The company explained that the value…

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Amosun Demolished Factory Twice —Dangote

Ogun, Nigeria — The President of the Dangote Group, Aliko Dangote, has accused former Governor of Ogun State, Senator Ibikunle Amosun, of demolishing his cement plant twice during his administration. Dangote made the allegation during his meeting with the state governor, Prince Dapo Abiodun on Monday, March 17, 2025. A statement by the Ogun State…

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EU Strikes Back Against US Steel, Aluminum

EU – The European Union (EU) has announced a set of countermeasures against the United States, targeting American products such as boats, bourbon, and Harley-Davidson motorbikes in response to new tariffs on steel and aluminum imports. European Commission President Ursula von der Leyen criticized the 25% tariffs imposed by President Donald Trump on steel, aluminum,…

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