Neusroom

15/09/2025

The Dangote Petroleum Refinery has commenced loading petroleum products using its newly deployed compressed natural gas (CNG)-powered trucks for direct supply to filling stations. The refinery said the initiative is aimed at easing nationwide fuel distribution, cutting costs, and reducing reliance on third-party marketers. It also noted that the CNG trucks will help lower carbon emissions while ensuring faster and more efficient delivery of petrol and other products to retail outlets. The development comes amid recent concerns over fuel availability and distribution bottlenecks, with the refinery reiterating its commitment to stabilising supply across the country.

The Dangote Petroleum Refinery has commenced loading petroleum products using its newly deployed compressed natural gas (CNG)-powered trucks for direct supply to filling stations. The refinery said the initiative is aimed at easing nationwide fuel distribution, cutting costs, and reducing reliance o...

15/09/2025

Nigeria’s inflation rate dropped for the fifth consecutive month to 20.12 per cent in August 2025, down from 21.88 per cent in July, according to the National Bureau of Statistics (NBS). The bureau, in its consumer price index (CPI) report released on Monday, said the headline inflation rate decreased by 1.76 per cent compared to July. “On a year-on-year basis, the Headline inflation rate was 12.03% lower than the rate recorded in August 2024 (32.15%),” NBS said....

Nigeria’s inflation rate dropped for the fifth consecutive month to 20.12 per cent in August 2025, down from 21.88 per cent in July, according to the National Bureau of Statistics (NBS). The bureau, in its consumer price index (CPI) report released on Monday, said the headline inflation rate decre...

15/09/2025

Nigeria’s sprint queen, Tobi Amusan added another accolade to her glittering career after winning silver in the women’s 100m hurdles at the World Athletics Championships in Tokyo on Monday. The 28-year-old, who holds the world record in the event, clocked 12.29 seconds in a thrilling final but was narrowly beaten by Switzerland’s Ditaji Kambundji. Kambundji stormed to victory in 12.24 seconds, setting a new national record, while Grace Stark of the United States secured bronze in 12.34 seconds....

Nigeria’s sprint queen, Tobi Amusan added another accolade to her glittering career after winning silver in the women’s 100m hurdles at the World Athletics Championships in Tokyo on Monday. The 28-year-old, who holds the world record in the event, clocked 12.29 seconds in a thrilling final but w...

15/09/2025

The Dangote Petroleum Refinery has alleged that some actors within Nigeria’s oil and gas industry are working to frustrate its efforts to roll out compressed natural gas (CNG)-powered trucks for nationwide fuel distribution. In an advertorial published on Sunday, the refinery said recent criticisms of its operations are not rooted in genuine concerns but are instead part of a “calculated campaign of economic sabotage” orchestrated by vested interests threatened by the company’s innovations....

The Dangote Petroleum Refinery has alleged that some actors within Nigeria’s oil and gas industry are working to frustrate its efforts to roll out compressed natural gas (CNG)-powered trucks for nationwide fuel distribution. In an advertorial published on Sunday, the refinery said recent criticism...

15/09/2025

Trading activity on the Nigerian Exchange Limited (NGX) closed the week stronger, with investors showing renewed appetite for equities across key sectors. A total of 3.18 billion shares worth N99.68 billion were traded in 132,711 deals, reflecting a 10.39 per cent increase in turnover compared to the previous week’s N90.29 billion from 3.11 billion shares in 118,018 deals. The surge was largely driven by heavy…...

Trading activity on the Nigerian Exchange Limited (NGX) closed the week stronger, with investors showing renewed appetite for equities across key sectors. A total of 3.18 billion shares worth N99.68 billion were traded in 132,711 deals, reflecting a 10.39 per cent increase in turnover compared to th...

15/09/2025

Murtala Sagagi, a member of the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN), says Nigeria’s debt profile continues to rise despite the removal of petrol subsidy and the liberalisation of the foreign exchange (FX) market. In a communique covering the MPC meeting held from July 21 to 22, released by the CBN on Monday, Sagagi noted that limited economic diversification and overreliance on debt have worsened the economy’s vulnerability to global shocks....

Murtala Sagagi, a member of the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN), says Nigeria’s debt profile continues to rise despite the removal of petrol subsidy and the liberalisation of the foreign exchange (FX) market. In a communique covering the MPC meeting held from J...

15/09/2025

The United States and China are “very close” to resolving the TikTok issue, U.S. Treasury Secretary Scott Bessent told reporters on Monday as trade discussions resumed in Madrid. Bessent, speaking as he and U.S. Trade Representative Jamieson Greer began a second day of talks, said: “I think on the TikTok deal itself, we are very close or we’ve resolved the issue....

The United States and China are “very close” to resolving the TikTok issue, U.S. Treasury Secretary Scott Bessent told reporters on Monday as trade discussions resumed in Madrid. Bessent, speaking as he and U.S. Trade Representative Jamieson Greer began a second day of talks, said: “I think on...

15/09/2025

Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has accused the World Bank and International Monetary Fund (IMF) of pressuring the Nigerian government to abolish petrol subsidies. Speaking on Channels Television, Falana argued that no country in the world has completely removed subsidies, noting that developed nations still support key sectors such as agriculture, electricity, and transport....

Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has accused the World Bank and International Monetary Fund (IMF) of pressuring the Nigerian government to abolish petrol subsidies. Speaking on Channels Television, Falana argued that no country in the world has completely remove...

12/09/2025

Nigeria’s crude oil production declined to 1.43 million barrels per day in August, marking a 4.4% decrease from the 1.50 million bpd recorded in July, the Organization of the Petroleum Exporting Countries (OPEC) revealed in its latest monthly report on Thursday. The report stated that the production figures were obtained through direct communication with Nigerian authorities. OPEC typically collects output data from member country reports and secondary sources, including energy intelligence platforms....

Nigeria’s crude oil production declined to 1.43 million barrels per day in August, marking a 4.4% decrease from the 1.50 million bpd recorded in July, the Organization of the Petroleum Exporting Countries (OPEC) revealed in its latest monthly report on Thursday. The report stated that the producti...

12/09/2025

President Donald Trump has confirmed that the suspect in the assassination of conservative political activist Charlie Kirk is now in custody, following a targeted attack that left the Turning Point USA co-founder dead at Utah Valley University. In an official announcement shared on X by the White House, Trump revealed that the suspect, Tyler Robinson, was apprehended after a nationwide manhunt....

12/09/2025

The Lagos State Government has activated its Public Health Emergency Operations Centre (PHEOC) in a precautionary move to guard against a possible Ebola Virus Disease (EVD) outbreak. According to a statement released on Thursday via the state’s official X handle, the decision followed an emergency meeting of the Incident Management Structure (IMS) at the Mainland Hospital, Yaba, on September 9. …...

The Lagos State Government has activated its Public Health Emergency Operations Centre (PHEOC) in a precautionary move to guard against a possible Ebola Virus Disease (EVD) outbreak. According to a statement released on Thursday via the state’s official X handle, the decision followed an emergency...

11/09/2025

Former U.S. President Donald Trump has announced that conservative activist Charlie Kirk will be awarded the Presidential Medal of Freedom posthumously. Trump made the announcement on Wednesday, describing Kirk as a “relentless voice for women American values” and “a patriot who dedicated his life to defending freedom and empowering the next generation.” The Presidential Medal of Freedom is the nation’s highest civilian honor, traditionally awarded to individuals who have made exceptional contributions to the security, prosperity, or culture of the United States....

Former U.S. President Donald Trump has announced that conservative activist Charlie Kirk will be awarded the Presidential Medal of Freedom posthumously. Trump made the announcement on Wednesday, describing Kirk as a “relentless voice for women American values” and “a patriot who dedicated his ...