BUSINESS

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Dangote Petroleum Refinery has clarified reports surrounding its ongoing reorganisation, stressing that the exercise is driven by the need to protect the facility, ensure safety, and sustain operational efficiency. In a statement, the management explained: “This exercise is not arbitrary. It has become …

ABEOKUTA, OGUN STATE, NIGERIA – Excitement is building in Ogun State as Value Jet Airlines prepares to commence commercial operations at the Gateway International Airport (GWI). Beginning Tuesday, October 7, 2025, the airline will operate two weekly flights on Tuesdays and Thursdays. This milestone comes after the airport, a state-of-the-art …

LAGOS, NIGERIA – The Chairman of Air Peace airline, Chief Allen Onyema, has accused Ndigbo of being resistant to development of their territory, in the south east. Onyema’s allegation came after an allegation by certain Igbo people that he (Onyema) left the South East to situate a multi million dollars …

…Says, “Trade Union Membership is a Personal Choice” BY ABU-SATAR HAMED LAGOS, NIGERIA – Aliko Dangote, President of the Dangote Group, has reaffirmed his determination to take thousands of Nigerians off the unemployment market, stressing that his companies will continue to provide jobs and help reduce the country’s unemployment rate. …

…Says, “Industrialisation, Not Importation, Will Grow Africa’s Economy” LAGOS, NIGERIA – President/Chief Executive of Dangote Petroleum Refinery, Aliko Dangote, has declared that since the refinery began producing petrol a year ago, Nigeria’s five-decade-long struggle with fuel scarcity and queues has finally ended. Dangote stressed that his vision is not only …

LAGOS, NIGERIA – SEPTEMBER 2025 – Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). GTCO Group recorded profits before tax of ₦600.9billionon …

ABEOKUTA, OGUN STATE, NIGERIA – Ogun State Governor, Prince Dapo Abiodun has stated that the creative industry is no longer a side attraction, but a global economic powerhouse. This, he said, informed the commitment of his administration to build an enabling environment where talent is nurtured. Governor stated this while …

…. Dares DAPPMAN To Go To Court LAGOS, NIGERIA – Dangote Petroleum Refinery has disclosed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an annual subsidy of N1.505 trillion to enable members to match the refinery’s gantry prices at their own depots. The refinery disclosed that …

LAGOS, NIGERIA – Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) requested it to increase the price of petrol and diesel by N75 per litre, in order to allow its members to match the refinery’s gantry prices at their respective depots. If …

BY ABU-SATAR HAMED LAGOS, NIGERIA – Shareholders of Dangote Cement Plc have received dividends amounting to over N3.3 trillion in the last 15 years. In addition to these impressive payouts, shareholders have also enjoyed significant capital appreciation from the company’s cement stock. The benefits to shareholders were revealed on Wednesday …