Dangote Refinery to Cut Fuel Costs by ₦1.7trn Yearly with Direct Distribution Plan
The Dangote Petroleum Refinery has unveiled a nationwide direct fuel distribution initiative set to commence on August 15, projecting savings of over ₦1.7 trillion annually by eliminating traditional fuel transportation costs. In a statement on Sunday, the refinery disclosed that the Dangote Group has already invested more than ₦720 billion in acquiring 4,000 compressed natural gas (CNG)-powered trucks to distribute petrol and diesel directly to filling stations […]
Oil Prices Plunge 6% After Israel-Iran Ceasefire Brokered by Trump, Offering Relief and Risks for Nigeria
Global oil prices dropped sharply on Tuesday following the announcement of a ceasefire between Israel and Iran, brokered by U.S. President Donald Trump after nearly two weeks of escalating conflict. Brent crude, the international benchmark, fell by as much as 6%, dipping to $67.29 per barrel from nearly $80 just days earlier. Despite the ceasefire […]
Air Peace Secures Heathrow Slot After Diplomatic Push, Set to Expand UK Operations
After months of intense diplomatic efforts, Nigeria’s flagship carrier, Air Peace, has secured a coveted landing slot at London Heathrow Airport, marking a major breakthrough in bilateral air service relations between Nigeria and the United Kingdom. Festus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, confirmed the development on Saturday via a post on his official X (formerly […]
Fuel Supply at Risk as NARTO Halts Loading at Dangote Refinery
The National Association of Road Transport Owners (NARTO) has directed its members to suspend all tanker programming for loading petroleum products at the Dangote Refinery, effective Monday, June 16, 2025. The directive, issued through an internal memo signed by NARTO President, Alhaji Yusuf Lawal Othman, follows a breakdown in negotiations with the Lagos State Government […]
Dangote Refinery to Begin Free Nationwide Fuel Delivery from August 15
The Dangote Petroleum Refinery has unveiled a nationwide fuel distribution initiative set to commence on August 15, 2025, aimed at stabilising the supply and reducing the cost of Premium Motor Spirit (PMS) and diesel across Nigeria. In a statement issued on Sunday, the refinery announced the deployment of 4,000 new CNG-powered tankers to deliver petroleum products free of […]
Middle East Air Travel in Chaos as Israeli Strikes Prompt Widespread Flight Disruptions
Air travel across the Middle East was thrown into disarray on Friday following Israeli airstrikes on Iranian military and nuclear sites, prompting widespread airspace closures and the cancellation or diversion of thousands of flights. Following Israel’s targeted strikes on Iran’s nuclear facilities, missile production centers, and high-ranking military officials, key air corridors over Iran, Iraq, […]
Aliko Dangote Steps Down as Dangote Sugar Chairman, Arnold Ekpe Succeeds Him
Dangote Sugar Refinery Plc has announced the planned retirement of its Board Chairman, Alhaji Aliko Dangote, effective June 16, 2025, marking the end of an era after nearly two decades of transformational leadership. In a statement issued on Wednesday, the Company Secretary, Temitope Hassan, commended Dangote’s leadership since 2005, describing his tenure as one defined […]
Oshiomhole Accuses Air Peace of Exploiting Passengers at Lagos Airport
Former Edo State Governor and serving Senator, Adams Oshiomhole, has openly accused Air Peace of deliberately exploiting passengers at the Murtala Muhammed Airport Terminal 1 (Zulu Hall), sparking a heated confrontation on Wednesday morning. The incident, which drew public attention after a video surfaced showing Oshiomhole blocking access to the terminal, occurred after he was […]
FG Approves Exam Reforms, Proposes Special Court for Malpractice
The Federal Government of Nigeria is set to establish a National Examination Malpractice Court to fast-track the prosecution of individuals involved in exam fraud across the country. This proposal was announced by the Minister of Education, Dr. Tunji Alausa, following the submission of an interim report by a 17-member committee chaired by Professor Is-haq Oloyede, the Registrar of the […]
Dangote Group, Bayelsa Sign MoU to Boost Gas, Agro-Processing & Seaport Development
The Dangote Group and the Bayelsa State Government have officially signed a Memorandum of Understanding (MoU) to collaborate on investment opportunities in gas infrastructure, agro-processing, and the development of a deep seaport. The agreement, signed on Friday in Yenagoa, follows months of strategic discussions between Aliko Dangote, Chairman of Dangote Industries Limited (DIL), and Governor […]
