January 26, 2026

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Economy

Ojulari Reveals NNPC Under Attack, Defends Refinery Revival Drive

IDNN
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NNPC GCEO Bayo Ojulari has declared that the corporation is “under attack” from vested interests opposed to reform. He vowed to stay the course, insisting the Ojulari NNPC under attack refinery revival plan will be sustainable, not a short-term fix. Oil union PENGASSAN has pledged full backing....

FG Defends Passport Fee Hike, Says Reform Will Curb Corruption and Delays

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The Federal Government has defended its decision to raise Nigerian passport fees to ₦100,000 and ₦200,000 from September 1. Interior Minister Olubunmi Tunji-Ojo said the reform will ensure timely delivery, eliminate corruption, and protect the integrity of Nigeria’s travel documents. He promised Nigerians will now receive passports within one week of enrolment....

Subsidy Removal in Nigeria: Ezekwesili Slams Tinubu Over ‘Good Policy, Wrong Execution’

IDNN
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Former Minister of Education Oby Ezekwesili has criticised President Bola Tinubu’s fuel subsidy removal, calling it a sound policy “implemented the wrong way.” Speaking at the Nigerian Bar Association conference in Enugu, she said the abrupt reform deepened poverty, worsened inflation, and left millions without safety nets....

Nigeria, Brazil Seal Direct Flight Agreement (BASA)

IDNN
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Nigeria and Brazil have signed a landmark Bilateral Air Service Agreement (BASA) to enable direct flights between both countries. The deal, concluded during President Bola Tinubu’s visit to Brasília, is expected to boost trade, tourism, and investment while strengthening diplomatic ties between Africa’s largest economy and South America’s powerhouse....

Dangote Refinery Faces Backlash over Pricing, Monopoly Concerns from Marketers

IDNN
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Tensions are rising in Nigeria’s downstream oil sector as independent marketers and stakeholders accuse the Dangote Refinery of restrictive pricing, port cost challenges, and monopolistic practices. Despite being Africa’s largest refinery, marketers say it’s currently cheaper to import from Lomé than load domestically. Industry groups are calling for regulatory intervention and open-market reforms....

Dangote Vows to Crash Cooking Gas Prices, Marketers Cry Foul Over Monopoly Threat

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As Dangote ramps up LPG production, he vows to slash cooking gas prices and bypass distributors if they resist, prompting fierce backlash from industry stakeholders who fear a market monopoly....

Dangote Moves to Build Nigeria’s Deepest Seaport at Olokola Free Trade Zone

IDNN
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Aliko Dangote Files Plans to Build Nigeria’s Deepest Seaport in Olokola Free Trade Zone 🗓️ 16 July 2025🖋️ Byline: IDNN Industry & Maritime Economy Desk......

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