Actors Guild of Nigeria Lagos Calls Urgent Meeting Over Industry Crisis
The Actors Guild of Nigeria Lagos chapter has called an urgent meeting to address mounting industry concerns, signalling deepening cracks in Nollywood’s creative unions....
News
Nigeria’s overnight lending rate falls 100 bps
Nigeria’s overnight lending rate fell by 100 basis points this week, reflecting excess liquidity after the CBN’s policy easing and growing confidence in monetary stability....
Oil Marketers Push Back Otedola’s Call to Scrap Depots
Oil marketers have rejected Femi Otedola’s call to restructure and scrap depots, saying billions invested cannot simply be written off amid the Dangote refinery shakeup....
Dangote Trucks Alone Cannot Solve Fuel Distribution, Marketers Say
Oil marketers say Dangote Refinery’s 4,000 trucks alone cannot serve Nigeria’s fuel needs, calling for inclusion of existing depot and retail infrastructure in distribution plans....
TUC President Osifo: Nigeria’s Refineries Worked But Ran at Loss
TUC president Festus Osifo insists Nigeria’s refineries did function but at a loss, calling for 51% private control to improve efficiency and end recurring shutdowns....
Controversy Over NUPRC’s Proposed Role as Oil Concessionaire
The Federal Government’s plan to make the NUPRC concessionaire of oil blocks, displacing NNPC Ltd, has triggered opposition from stakeholders who warn of conflict of interest and legal risks....
Oil Workers Warn FG’s JV Stake Sale Could Bankrupt NNPC Ltd
By IDNN Energy Desk The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers......
Restructure, Buy Port Harcourt Refinery, Otedola Tells DAPPMAN Amid Brawl With Dangote
Billionaire Femi Otedola has urged depot owners to restructure or risk irrelevance as Dangote’s refinery reshapes Nigeria’s downstream oil sector. His comments sparked backlash from oil marketers....
Nigeria’s External Reserves Hit $42bn, Highest Since 2019
Nigeria’s external reserves climbed to $42.03bn in September 2025, the highest in six years. Analysts say the rally strengthens naira stability and boosts investor confidence....
CBN Cuts Interest Rate to 27% in First Easing Since 2020
The Central Bank of Nigeria has cut its key lending rate by 50 basis points to 27%, the first easing in five years, citing disinflation and improved macroeconomic stability....