By Ayomide Otitoju The Dangote Petroleum Refinery has said it remains fully exposed to international commodity markets, including crude oil prices, freight charges, insurance, and financing costs, despite Nigeria’s crude-for-naira policy aimed at supporting local refineries. Speaking at a press briefing on Monday, Managing Director and CEO David Bird explained that while the policy allows…
By Ayomide Otitoju The British Deputy High Commissioner to Nigeria, Jonny Baxter, recently visited the head office of Fidelity Bank Plc in Lagos as part of efforts to strengthen economic and trade relations between the United Kingdom and Nigeria. The visit formed part of a broader four-day trip to Nigeria by the UK Trade Envoy,…
By Ayomide Otitoju Four Nigerian business leaders — Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu — have been listed among Africa’s wealthiest individuals in the 2026 Africa Billionaires ranking released by Forbes. Dangote retained his position as Africa’s richest man, with an estimated net worth of $28.5 billion. According to the ranking, the…
By Ayomide Otitoju Dangote Petroleum Refinery has increased its ex-depot prices for refined petroleum products, raising the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, while Automotive Gas Oil (AGO), or diesel, has climbed to ₦1,620 per litre. The latest adjustment marks the fourth price revision in less…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has described the resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245 as a “major milestone” that will unlock the development of the Zabazaba–Etan deepwater project. In a statement on Saturday, Group Chief Executive Officer Bayo Ojulari said advancing the project could increase…
By Ayomide Otitoju The Governor of Lagos State, Babajide Sanwo-Olu, has described Lagos as a “living testament to African possibility,” highlighting its emergence as one of the continent’s most economically consequential urban centres. Speaking at the closing ceremony of Africa Week 2026, organised by King’s College London at the African Leadership Centre in the United…
By Ayomide Otitoju Polaris Bank has joined the global observance of International Women’s Day 2026, reaffirming its commitment to promoting gender equality, empowering women, and supporting initiatives that drive inclusive growth across society. International Women’s Day, celebrated annually on March 8, recognizes women’s achievements across sectors while emphasizing the need to accelerate progress toward gender…
By Ayomide Otitoju Rite Foods Limited, a leading Nigerian food and beverage company, has reaffirmed its commitment to women’s empowerment, equity, and inclusive growth as it joins the global observance of International Women’s Day 2026 under the theme “Give to Gain.” The company emphasized that empowering women is not only a corporate social responsibility but…
By Ayomide Otitoju Delta Air Lines, in partnership with Junior Achievement (JA) Africa, has successfully graduated 61 high-potential African girls from the 2026 LEAD Camp, inducting them into the 10 Million African Girls (10MAG) community, a long-term platform advancing leadership and opportunity for young women across the continent. Held in Accra from March 2–8 to…
