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Dangote refinery shifts Nigeria towards domestic value addition

By Udeme Akpan Nigeria’s petroleum industry is undergoing a shift from an export-driven crude oil model towards greater domestic processing following the operationalisation of the Dangote Petroleum Refinery in Lagos. For decades, Nigeria exported crude oil while importing refined petroleum products, including petrol, diesel and aviation fuel. The model generated foreign exchange from crude exports […]

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Nigerian newspapers review: Only 6 banks pay N1.27trn dividends despite huge profits

In today’s Nigerian newspapers review programme, Today in the News, Vanguard’s lead headline states that only six banks paid N1.27 trillion in dividends despite declaring huge profits.

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No backdoor meeting can halt Rainbow Coalition, CRP tells Nunieh, others

Concerned Rivers People (CRP) has said alleged meetings involving former Managing Director of the Niger Delta Development Commission (NDDC), Mrs Joy Nunieh, Gabriel Pidomson and Dumo Lulu-Briggs will not affect the Rainbow Coalition. The group, in a statement signed by its Publicity Secretary, Sunny Nwagbo, on Sunday, alleged that Nunieh held a meeting with Pidomson […]

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$1trn economy: NACCIMA woos Chinese investors to boost industrialisation

By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the third edition of its Business and Investment Forum in Guangzhou, China, as part of efforts to attract sustainable foreign direct investment (FDI) and support the Federal Government’s ambition of building a $1 trillion economy by 2030. The forum, […]

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New tax law yet to end multiple levies — MAN

The Manufacturers Association of Nigeria (MAN) has said manufacturers are yet to enjoy relief from multiple taxes and levies despite the enactment of the Nigeria Tax Act 2025. The association disclosed this in its Manufacturers CEO Confidence Index (MCCI) report for the second quarter of 2026, noting that manufacturers continued to grapple with multiple tax collectors […]

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