Business

Our Refinery Ended 50 Years of Fuel Queues in Nigeria – Dangote Refinery

Written by Kunle Awosika 15 September, 2025
President/Chief Executive, 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 queues has finally come to an end. Speaking at a conference to mark the first anniversary of the launch of petrol from the 650,000 barrels-per-day refinery, Dangote highlighted that Nigerians have endured persistent fuel queues since 1975. However, this issue has been steadily resolved since the refinery commenced production on 3rd September 2024. “We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era,” he said. Acknowledging the numerous challenges the refinery has faced since its inception, Dangote emphasised the company’s unwavering commitment to Nigeria and Africa. “The journey has been challenging because we sought to transform the downstream sector in Nigeria. Some believed we were taking food from their tables, which simply isn’t true. What we have done is to…

Dangote Refinery Responds to NUPENG Allegations, Reaffirms Commitment to Labour Rights, Economic Development

Written by Kunle Awosika 12 September, 2025
Dangote Petroleum Refinery has dismissed recent allegations made by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), insisting that claims of anti-labour practices, monopolistic behaviour, and planned fuel price hikes are "entirely unfounded".

Union Bank of Nigeria Completes Merger with Titan Trust Bank

Written by Kunle Awosika 01 September, 2025
Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).

FirstBank Agric and Export Conference: Charting a New Course for Non-Oil Exports

Written by Kunle Awosika 14 August, 2025
FirstBank, the premier West African financial institution and financial inclusion service provider is proud to announce the 2025 edition of the FirstBank Agric and Export Conference themed “The Fundamentals of Building a Non-Oil Export Driven Economy“, which will take place on Tuesday, August 19, 2025, at the Eko Convention Centre. Building on the momentum of previous successful editions, this year’s Expo reaffirms the Bank's commitment to supporting Nigeria’s agricultural and non-oil export sectors as key drivers of economic development.

Duke accuses EFCC of raid on hotel, theft, property damage

Written by Tomiwa Aboyade 11 August, 2025
 The President of the Creative Industry Group, Felix Duke, has accused operatives of the Economic and Financial Crimes Commission (EFCC) of alleged invasion of his hotel, Duke and Duchess Hotel in Abule Egba, Lagos State, with attendant theft and damage of property.

Scents Of Legacy: OldEnglish Launches Three Paris-Crafted Luxury Fragrances To Mark 9th Anniversary

Written by Tomiwa Aboyade 08 August, 2025
As part of the celebration of its ninth anniversary, luxury lifestyle brand OldEnglish Group, has officially launched a trio of sophisticated fragrances under its new OLDENGLISH Xlusive line.

Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion.

Written by Tomiwa Aboyade 31 July, 2025
Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period ended June 30, 2025, to the Nigerian Exchange Group (NGX).
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