The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned that the price of petrol in Nigeria could rise to as high as N2,000 per litre, while diesel may approach N3,000 per litre, if the ongoing conflict in the Middle East continues to disrupt global oil […]
Category: Industry
Industry
FAAN Clarifies Presidential Directive on Airport Cashless Policy ………Says Cashless Toll Policy Continues Despite Temporary Adjustment
The Federal Airports Authority of Nigeria (FAAN) has clarified that President Bola Ahmed Tinubu did not order the suspension of the agency’s cashless toll payment system at the nation’s airports, but rather directed that the process be improved before full implementation. Managing Director of FAAN, Olubunmi Kuku, […]
FG Plans To Recapitalise BOI To N3trn By 2026 ………To Boost Industrial Growth With N800bn Funding, PPP Expansion, Credit Guarantees
The Federal Government has unveiled plans to recapitalise the Bank of Industry (BOI) to N3trn by 2026 as part of a broader strategy to stimulate industrial growth, deepen access to long-term financing, and strengthen Nigeria’s productive base. The recapitalisation forms a key pillar of the National Industrial […]
NGX Records First Commercial Paper Listing with Dangote Cement’s ₦119.87bn Issuance
Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its ₦500 billion Commercial Paper Issuance Programme. The two series, with a combined value of ₦119.87 billion, were admitted to […]
Otedola’s Naira Forecast Achievable With Policy Discipline, Higher Oil Output — Experts
Financial and energy experts have said billionaire investor Femi Otedola’s projection that the naira could appreciate to below N1,000 per dollar is achievable, but only if Nigeria sustains higher crude oil production and enforces disciplined fiscal and monetary policies. The analysts, reacting to Otedola’s optimism following the […]
Weak Competition Keeps Nigeria’s Cement Prices High Despite Surplus Capacity – Report ………..Warns High Cement Prices Are Undermining Housing, Infrastructure Delivery
Weak competition and a highly concentrated market structure are the primary drivers of persistently high cement prices in Nigeria, despite the country’s surplus production capacity, according to a new report by Agora Policy, a Nigerian policy think tank. In its latest policy insight titled “Market Power and Failure of Competition […]
BUA Foods achieves 91% PAT growth in unaudited FY2025 results
BUA Foods PLC, a leading food manufacturing conglomerate in the West African subregion, has released its unaudited financial results for the year ended 31 December 2025. The results showed strong performances in key financial metrics, in line with market expectations. The Group’s combined revenue for the period was N1.80 […]
Nestlé Nigeria Launches N80m Golden Morn Nationwide Promo
Nestlé Nigeria Plc has launched an N80m nationwide consumer promotion for its Golden Morn cereal brand, offering cash prizes and household items to reward loyal consumers across the country. According to a statement from the company, the promotion, which runs from January 10 to April 15, 2026, […]
PENGASSAN Warns of Possible Escalation if Dangote Fails to Honour Agreements …Says Will Use “Every Instrument” to Defend Members
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that it will not hesitate to escalate actions if Dangote Refinery fails to honour commitments reached with the Federal Government in resolving recent disputes over the termination of workers. The union, which suspended its […]
PENGASSAN Strike: Economist Warns of Investor Concerns, Urges Attention to Low-Income Oil Workers
An economist, Kelvin Emmanuel, has criticised the ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), warning that the industrial dispute with the Dangote Refinery could undermine investor confidence in Nigeria. He also called on labour unions to shift greater focus toward the plight […]