November 13, 2025
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Afreximbank and MDGIF sign MoU to accelerate development of gas infrastructure in Nigeria

Afreximbank and MDGIF sign MoU to accelerate development of gas infrastructure in Nigeria

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Afreximbank and MDGIF sign MoU to accelerate development of gas infrastructure in Nigeria African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark memorandum of understanding (MoU) to establish a collaborative framework aimed at promoting, developing and improving gas infrastructure in Nigeria. It was signed on the […]

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Spaces for Change, NEITI, NOSDRA, others canvass for sustainable development of mineral sector

Spaces for Change, NEITI, NOSDRA, others canvass for sustainable development of mineral sector

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Spaces for Change, NEITI, NOSDRA, others canvass for sustainable development of mineral sector Spaces for Change (S4C), Nigeria Extractive Industries Transparency Initiative (NEITI), National Oil Spill Detection and Response Agency (NOSDRA), and other stakeholders have called for the sustainable development of Nigeria’s mineral sector with increased participation of host communities. The stakeholders made the call

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NASENI, Nigerian Air Force Renew Strategic Partnership to Drive Indigenous Defense Technologies

NASENI, Nigerian Air Force Renew Strategic Partnership to Drive Indigenous Defense Technologies

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NASENI, Nigerian Air Force Renew Strategic Partnership to Drive Indigenous Defense Technologies   The National Agency for Science and Engineering Infrastructure (NASENI) and the Nigerian Air Force (NAF) have renewed their Memorandum of Understanding (MoU) to deepen collaboration on indigenous technology development, particularly in defense, aerospace, and infrastructure. The event, which took place at NASENI

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S4C, in partnership with NEITI, NOSDRA, MSMD with support from the Ford Foundation holds NED2025 in Uyo

S4C, in partnership with NEITI, NOSDRA, MSMD with support from the Ford Foundation holds NED2025 in Uyo

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S4C, in partnership with NEITI, NOSDRA, MSMD with support from the Ford Foundation holds NED2025 in Uyo Spaces for Change (S4C), in partnership with the Nigeria Extractive Industries Transparency Initiative (NEITI), the National Oil Spill Detection and Response Agency (NOSDRA), the Ministry of Solid Minerals Development (MSMD), and with support from the Ford Foundation, is

S4C, in partnership with NEITI, NOSDRA, MSMD with support from the Ford Foundation holds NED2025 in Uyo Read More »

Access Bank Tanzania Honours  President Samia Suluhu Hassan for Exceptional Leadership

Access Bank Tanzania Honours  President Samia Suluhu Hassan for Exceptional Leadership

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Access Bank Tanzania Honours  President Samia Suluhu Hassan for Exceptional Leadership The Board and Management of Access Bank Tanzania, led by Chairman Protase Ishengoma, paid a courtesy visit to the State House to present the Power of 100 Africa Women Award to Her Excellency, President Samia Suluhu Hassan, President of the United Republic of Tanzania.

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West Africa imports 69% petrol despite domestic refining boom – NMDPRA

West Africa imports 69% petrol despite domestic refining boom – NMDPRA

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West Africa imports 69% petrol despite domestic refining boom – NMDPRA The Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed, said despite increased refining, West African nations, including Nigeria import nearly 69 per cent of Premium Motor Spirit, PMS, also known as petrol from the global market. Speaking at the ongoing

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Health outreach by NNPC/Shell holds in Lagos as thousands benefit from Vision First initiative

Health outreach by NNPC/Shell holds in Lagos as thousands benefit from Vision First initiative

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Health outreach by NNPC/Shell holds in Lagos as thousands benefit from Vision First initiative The fourth edition of Vision First, the flagship health programme of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) began in Mushin Local Council Development Area of Lagos State July 7, allowing people to

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Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually ...To Lift 42 Million MSMEs ...Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save Nigerians more than ₦1.7 trillion annually in logistics and fuel distribution costs. The privately-owned refinery is set to absorb over ₦1.07 trillion each year in fuel distribution expenses, drastically reducing operational costs for over 42 million Micro, Small, and Medium Enterprises (MSMEs). The move is expected to lower pump prices, reduce inflation, and increase profitability for businesses across Nigeria. Starting August 15, Dangote will begin direct delivery of petrol and diesel to filling stations, industrial sites, and other high-volume consumers. This eliminates intermediaries and transportation bottlenecks, a move that experts say could transform the energy supply chain. According to the refinery, its production capacity will meet Nigeria’s daily consumption of 65 million litres of refined petroleum products — including 45 million litres of PMS, 15 million litres of diesel, and 5 million litres of aviation fuel. With logistics costs averaging ₦45 per litre, the cost-saving impact of free distribution is estimated at ₦1.07 trillion annually. The investment includes not only the CNG trucks but also a network of nationwide ‘mother and daughter’ CNG stations and related infrastructure. A Strategic Shift for Nigeria’s Economy Dangote Group’s intervention aligns with its broader commitment to: Eliminate logistics inefficiencies Promote energy sustainability Support MSME growth Revive dormant filling stations and stimulate job creation The initiative is expected to create over 15,000 direct jobs within the logistics chain — including drivers, station managers, and CNG station attendants. Additionally, the direct-to-retail delivery system is set to curb petroleum product smuggling, ensuring a more secure and environmentally friendly distribution framework. Presidential and Industry Endorsements The Presidency has praised the initiative as a pivotal step in transitioning Nigeria toward gas-powered transportation. Tosin Coker, Commercial Coordinator of the Presidential CNG Initiative (PCNGI), called it a “milestone achievement,” highlighting the scale and strategic value of the move. “It signals that CNG is no longer a distant goal but a practical, current solution,” he stated. Similarly, the Independent Petroleum Marketers Association of Nigeria (IPMAN) welcomed the development. According to Chinedu Ukadike, National Publicity Secretary, the initiative addresses a long-standing challenge in Nigeria’s downstream sector: “For years, we've relied on costly transport from coastal depots due to non-functional pipelines. Dangote’s direct delivery will ease this burden immensely.” Expert Reactions Prof. Ken Ife, a development economist, noted that the initiative would help bring down the price of PMS, with ripple effects on other sectors. Bismarck Rewane, CEO of Financial Derivatives Company, dismissed monopoly fears, instead applauding the elimination of middlemen and the provision of credit facilities at the retail level. “Middlemen extract margins without adding value. Dangote is investing, distributing, and offering credit — a game-changer,” Rewane remarked. Kelvin Emmanuel, energy expert and co-founder of Dairy Hills, described the absorption of logistics costs as a turning point that would allow citizens to truly benefit from local refining. Ibukun Phillips, an energy analyst, called the move revolutionary, especially in its potential to improve access and affordability in rural communities: “Rural consumers stand to benefit greatly. This could revive abandoned filling stations and ensure fairer, more equitable distribution.”

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually

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Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually …To Lift 42 Million MSMEs …Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save

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End Impunity for June 12

End Impunity for June 12, Make E-Transfer of Election Results Mandatory, SERAP Tells Tinubu

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End Impunity for June 12, Make E-Transfer of Election Results Mandatory, SERAP Tells Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to take decisive steps towards justice and electoral reform by addressing the unlawful annulment of the June 12, 1993 elections and mandating electronic transmission of future election results. In

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