Dangote direct fuel supply disrupts market as bulk buyers ditch middlemen
Dangote Refinery’s direct distribution scheme is disrupting Nigeria’s downstream sector as bulk buyers and filling stations abandon middlemen for free delivery....
Business
Dangote accuses NUPENG of ₦50k truck levies, warns consumers will bear the cost
Aliko Dangote alleges NUPENG collects ₦50,000 per fuel truck at his refinery, warning such levies inflate pump prices and hurt Nigerian consumers....
Otedola tells DAPPMAN: Dangote refinery has ended outdated fuel supply model
Billionaire Femi Otedola says Dangote’s refinery has rendered DAPPMAN’s depot business obsolete, urging members to adapt or face bankruptcy....
Nigeria inflation rate cut likely as MPC meets after fifth month of decline
By IDNN Economy Desk Nigeria’s inflation slowed for a fifth consecutive month in August, dropping to 20.12% from 21.88% in July, according to the NBS.......
Microsoft seizes 330 Nigeria phishing websites in global cybercrime bust
Microsoft has shut down 330 websites tied to a Nigerian phishing ring, accusing the network of stealing over 5,000 user credentials worldwide....
Dangote DAPPMAN subsidy dispute deepens as refinery dares marketers to go to court
Dangote Refinery has challenged petroleum marketers to seek legal redress over subsidy demands, rejecting calls for a ₦1.5trn intervention to balance fuel prices....
CBN naira abuse warning: Cardoso urges Nigerians to keep currency clean
The Central Bank of Nigeria has warned against spraying, hawking, or mutilating the naira, calling it a national symbol that must be treated with respect....
Court Halts NUPENG Strike, Shields Dangote Refinery from Shutdown
The National Industrial Court has issued an interim order restraining NUPENG and truck drivers from disrupting operations at Dangote Refinery. The ruling follows growing tensions over workers’ rights and allegations of anti-labour practices. Justice E.D. Subilim said irreparable harm could occur if refinery activities were crippled, a decision welcomed by Dangote’s legal team....
Lagos Inferno: Afriland Tower Fire Claims Seven Lives, FIRS and UBA Staff Among Dead
Seven lives were lost in the Afriland Tower fire on Lagos Island, including four Federal Inland Revenue Service staff and unnamed UBA employees. The Tuesday blaze forced desperate escapes, left dozens injured, and paralysed Broad Street. Billionaire Tony Elumelu cut short his U.S. trip to mourn, as questions mount over Nigeria’s urban fire safety....
Nigeria Suspends 4% Import Levy After Industry Backlash
Nigeria’s finance ministry has suspended a 4% levy on imports after fierce opposition from businesses and industry groups. Finance Minister Wale Edun said the policy, introduced by the Nigeria Customs Service, threatened trade facilitation, economic stability, and competitiveness. Airline operators and manufacturers welcomed the decision, calling it proof of government’s responsiveness...