Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Dangote, NNPC Align on Energy Goals

The Business NG

|

The BusinessNG

The President/Chief Executive Officer of Dangote Group, Aliko Dangote, has dismissed any notion of rivalry between his $20 billion refinery and the Nigerian National Petroleum Company Limited (NNPC Ltd), describing their relationship as complementary rather than competitive.

Speaking during a courtesy visit to NNPC Ltd's Group Chief Executive Officer, Bashir Bayo Ojulari, at the NNPC Towers in Abuja on Thursday, Dangote emphasized that the two organizations are united by a shared vision to transform Nigeria's energy sector.

"There is no competition between us," Dangote said. "NNPC is part and parcel of our business, and we are also part of NNPC. This is an era of cooperation between both organizations."

The meeting, which included senior executives from both companies, marked a significant gesture of alignment between Nigeria's largest private sector refinery and the nation's state-owned oil giant.

FLERE HISTORIER FRA The Business NG

The Business NG

14 Banks Scale CBN Capital Test

Fourteen Nigerian banks have already met the Central Bank of Nigeria's (CBN) new capital requirements, marking a major step in the ongoing recapitalisation exercise.

time to read

1 min

The BusinessNG

The Business NG

Natasha Returns to Senate, Says No Apology

Senator Natasha Akpoti-Uduaghan has gone back to the National Assembly after completing a six-month suspension.

time to read

1 min

The BusinessNG

The Business NG

Nigeria's GDP Grows 4.23% on Oil Rebound

Nigeria’s economy expanded by 4.23% year-on-year in the second quarter of 2025, driven by higher crude oil output and a stronger non-oil sector, according to data released by the National Bureau of Statistics (NBS). The figure surpasses the 3.48% growth recorded in Q2 2024.

time to read

1 min

The BusinessNG

The Business NG

Parents Cry Out as Private Schools Hike Fees Nationwide

Parents in Enugu, Lagos, Abuja, and Port Harcourt are raising alarm over steep tuition hikes by private and faith-based schools, with fees rising by as much as 50% this new academic session.

time to read

1 min

The BusinessNG

The Business NG

Tax Reform: How Nigerians' Income May Be Affected in Jan. 2026

Nigerians will soon face a new tax system starting January 1, 2026, aimed at making taxes fairer while encouraging investments and savings.

time to read

1 min

The BusinessNG

The Business NG

'CBN May Cut MPR as Inflation Eases, Naira Stabilizes'

The Central Bank of Nigeria (CBN) is expected to trim its benchmark Monetary Policy Rate (MPR) by 25 to 50 basis points at its 302nd Monetary Policy Committee (MPC) meeting scheduled for September 22-23, 2025, as inflation eases and the naira stabilizes.

time to read

1 min

The BusinessNG

The Business NG

FG Unveils Key Education Reforms Under Tinubu Administration

The presidency has outlined a series of reforms aimed at revitalizing Nigeria's education sector under President Bola Ahmed Tinubu’s administration.

time to read

1 min

The BusinessNG

The Business NG

Calls for State Police Intensify as Reps Seek to Boost Nigeria's Security

The demand for state police in Nigeria has intensified, with the Deputy Speaker of the House of Representatives, Benjamin Kalu, describing it as a critical solution to the country's escalating insecurity challenges.

time to read

1 min

The BusinessNG

The Business NG

Nigerian Stocks Outpace Inflation with 38% Gain

Nigeria's stock market has continued its impressive rally in 2025, delivering real positive returns for investors as inflation eases.

time to read

1 min

The BusinessNG

The Business NG

Banks Push Back as AMCON Levy Hits N847bn

Calls Grow to Scrap AMCON After 15 Years

time to read

1 min

The BusinessNG

Listen

Translate

Share

-
+

Change font size