Elon Musk Becomes First Person to Reach $500 Billion Net Worth Amid Tesla Rebound, Startup Surge
Elon Musk on Wednesday became the first individual in history to amass a net worth of $500 billion, according to Forbes, following a resurgence in Tesla’s stock and rising valuations of his other high-profile ventures. Musk’s fortune was estimated at $500.1 billion as of 4:15 p.m. ET, Forbes’ Billionaires Index reported, placing him far ahead […]
Dangote Refinery Resumes PMS Sales in Naira After FIRS Intervention
The Dangote Petroleum Refinery has resumed sales of premium motor spirit (PMS) in naira, less than 24 hours after suspending the arrangement. The reversal followed the intervention of Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS) and Chairman of the Naira for Crude Transaction Committee. The federal government introduced the naira-for-crude […]
NANS Backs Dangote Refinery, Warns Against Disruptions
The National Association of Nigerian Students (NANS) has called on stakeholders in the oil and gas sector to support the smooth operations of the Dangote Refinery, describing it as a game-changing project capable of reducing fuel import dependence and strengthening Nigeria’s energy security. In a statement signed by its president, Comrade Olushola Oladoja, NANS pledged […]
Gateway Airport: ValueJet Flags Off Abuja Route
Commercial flight operations will commence at the Gateway International Airport (GWI), Iperu, Ogun State, on October 7, 2025, marking a major milestone in the state’s aviation sector. Indigenous airline ValueJet Airlines has confirmed it will operate two weekly flights from the airport to Abuja. Bookings have been available since September 25 through travel agents and […]
Otedola Urges DAPPMAN to Embrace Innovation Amid Refinery Dispute
Business mogul and philanthropist, Mr. Femi Otedola, has advised the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to embrace innovation or risk obsolescence amid its ongoing dispute with the Dangote Refinery. In a statement, Otedola congratulated Aliko Dangote on the refinery’s success, describing it as a historic milestone for Nigeria’s energy independence and […]
Dangote Unveils 1,000 CNG Trucks, Dismisses Monopoly Claims
President of Dangote Group, Aliko Dangote, has dismissed allegations of monopoly in Nigeria’s petroleum downstream sector as the company rolled out 1,000 Compressed Natural Gas (CNG) trucks in Lagos on Monday. Speaking at a press conference, Africa’s richest man revealed that the company had already invested ₦2 trillion in trucks and logistics. He said 4,000 […]
Dangote Refinery Begins Direct Petrol Supply in 11 States Sept 15
The Dangote Petroleum Refinery has announced that it will commence direct supply of petrol to retail outlets across the country from September 15. The refinery disclosed this in a post on its official X page on Thursday, saying the scheme would launch in 11 states before gradually expanding nationwide. According to the statement, petrol will […]
Trump Signs Executive Order Slashing Tariffs on Japanese Cars in Landmark U.S.–Japan Trade Deal
U.S. President Donald Trump on Thursday signed an executive order reducing tariffs on Japanese car imports from 27.5% to 15%, a significant move aimed at easing trade tensions and offering relief to global automakers like Toyota, Honda, and Nissan. The decision formalizes a landmark trade agreement first unveiled in July, under which nearly all Japanese […]
Amid Harvest Season, Farmworkers and Employers Feel Strain from Tighter Immigration Policies
As tomato season peaks in California’s Central Valley, Lidia, a longtime farmworker, is busy in the fields—but she’s also on edge. More than two decades after crossing the U.S.-Mexico border without documentation, she fears the growing reach of immigration enforcement could abruptly end the life she’s built. “The worry is they’ll pull you over while […]
Trump Administration Ends Tariff Exemption for Small Packages
A long-standing tariff exemption for low-value imports officially ended at 12:01 a.m. Friday, meaning all packages under $800 entering the United States are now subject to duties. The move closes the “de minimis” loophole, which President Donald Trump had already eliminated earlier this year for shipments from China and Hong Kong. Administration officials say extending […]
