Strike and maintenance drag oil output to 1.58m barrels per day
National average daily production of crude oil and condensates fell to 1.58 million barrels per day (bpd) in September 2025, according to the latest data from the Nigerian Upstream Petroleum…
Tinubu explains ₦200bn intervention fund for MSMEs, manufacturers
| Says economic stability due to Nigerians’ sacrifices, promises better days ahead President Bola Ahmed Tinubu has explained that the ₦200 billion intervention fund recently established by his administration for…
‘No hiding place’ – Tax boss declares all income taxable – From bankers to sex workers and agberos
In a sweeping declaration that spares no profession, Nigeria's top tax official has asserted that every single income-earning citizen—from formal professionals to those in the shadow economy—must declare their earnings…
Dangote Refinery, PENGASSAN end dispute as 800 sacked workers get recall deal
After days of tense negotiations, the management of Dangote Refinery and Petrochemicals and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have reached a truce over the…
Tax reforms: Fiscal committee says sex work income is taxable, gifts are not
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that under Nigeria's new tax laws, income earned by commercial sex workers is considered…
FG moves to avert fuel crisis as PENGASSAN shuts down operations over Dangote sackings
The Federal Government on Sunday waded into the escalating dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery following the sack of…
‘It’s economic sabotage’ – Dangote Refinery slams PENGASSAN’s order to cut off oil, gas supply
The management of Dangote Petroleum Refinery has strongly condemned a directive issued by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) instructing its branches to halt crude…
Breaking: PENGASSAN orders gas, crude supply cut to Dangote Refinery
Nigeria’s downstream petroleum sector was thrown into fresh uncertainty on Friday as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) ordered an immediate suspension of gas and…
Flash: Dangote Refinery ends naira petrol sales, raising fears of price surge
Nigeria’s energy market faces fresh uncertainty as the Dangote Petroleum Refinery announced it will suspend petrol sales in naira from Sunday, September 28, 2025, a decision that has unsettled marketers…
Dangote Refinery rejects marketers’ push for ₦1.5trn subsidy
The management of Dangote Refinery has dismissed calls by petroleum marketers for a subsidy mechanism that would amount to about ₦1.5 trillion annually, insisting it will not shoulder costs to…