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....
Nigeria
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....
Nigeria’s GDP Growth Hits 4.23%, Labour Disputes Reality
Nigeria’s GDP expanded by 4.23% in Q2 2025, boosted by oil and non-oil sectors. But labour unions insist growth figures mask rising hardship....
Tinted glass permit enforcement begins nationwide Oct 2 – Police
The Nigeria Police Force has announced that nationwide enforcement of tinted glass permits will begin on October 2. Jigawa Police PRO SP Shi’isu Adam said......
Adamawa flesh-eating disease kills 7 as FG launches urgent probe
By IDNN Health Desk The Federal Government has launched an urgent probe after seven people died from a mysterious flesh-eating disease in Malabu, Adamawa. Health......