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NNPCL refineries not producing enough petrol – DAPPMAN

20.05.2025
The Depot and Petroleum Products Marketers Association of Nigeria has said that its members can only buy Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, as the refineries owned by the Nigerian National Petroleum Company Limited cannot optimally produce premium motor spirit but naphtha. DAPPMAN’s Executive Secretary, Olufemi Adewole, confirmed this in a chat...
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CBN reaffirms banking sector stability amidst rumour

20.05.2025
The Central Bank of Nigeria on Monday dismissed reports suggesting distress in a regulated financial institution, describing the claims as misleading and capable of triggering unnecessary panic in the financial system. In a press statement signed by the Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank assured Nigerians that the country’s banking sector...
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Oil spill forces Renaissance to halt production, investigate cause

20.05.2025
Renaissance Africa Energy Company Limited has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Rivers State, causing an oil spill. According to the indigenous oil producer on Monday, the company was immediately isolating the pipeline and stopping production to minimise potential environmental impact. In a statement released by the company, it...
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Market cap sheds N8bn amid mixed trading

20.05.2025
The Nigerian Stock Exchange started the new trading week with an N8 bn decline in market value despite improvements in trading activity. The All-Share Index dipped slightly by 12.54 points, or 0.01 per cent, to close at 109,697.83. Despite the small loss, the ASI posted a one-week gain of 1.33 per cent, a four-week gain...
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Brewery sector rebounds with N1.9tn revenue

20.05.2025
Nigeria’s brewery industry witnessed a turnaround in 2024, recording a 71.8 per cent year-on-year surge in revenue to N1.9tn, surpassing Afrinvest West Africa’s earlier growth projection of 39.2 per cent. This was revealed in Afrinvest’s latest sector update report titled “Brewing Back to Profitability”, released in May 2025. The report attributed the revenue performance to...
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FG completes governance framework for African Energy Bank

20.05.2025
The Federal Government has concluded key legal and governance frameworks required for the operational rollout of the African Energy Bank as preparations for its official launch enter the final phase. This was disclosed during a high-level review meeting held in Abuja and hosted by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, with...
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NNPCL officials visit Kaduna, Port Harcourt refineries

20.05.2025
The leadership of the Nigerian National Petroleum Company Limited embarked on an inspection visit to the Kaduna Refining and Petrochemical Company and the Port Harcourt Refining Company, as part of efforts to ascertain the level of work done and ensure operational effectiveness of its refineries. The NNPCL Executive Vice President, Downstream, Mr Mumuni Dagazau, and...
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Alternative Bank rewards customers

20.05.2025
The Alternative Bank says it is set to redefine the rewards space in Nigerian banking as it launched a new campaign that allows users to earn real gold simply by transacting through its innovative digital banking platform, Altbank. In a statement on Sunday, it was said that the campaign, tagged Altbank Gold Rewards, will run...
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May & Baker urges govt to pay drug manufacturers

20.05.2025
May & Baker Nigeria Plc has urged the Federal Government to demonstrate consistency in its pooled procurement initiative by promptly paying local drug manufacturers to avoid pharmaceutical company losses and business collapse. Managing Director and Chief Executive Officer Patrick Ajah appealed on Friday during the company’s 2025 Walk for Life in Lagos to mark World...
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FG’s electricity debt balloons by N800bn – Senate

20.05.2025
The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month. The committee disclosed that since this year, the government has not paid the power producers, and that...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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