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  • Dangote Refinery IPO to Pay Dollar-Denominated Dividends

    Dangote Refinery IPO to Pay Dollar-Denominated Dividends

    Photo Credit:Punch Newspapers

    Aliko Dangote has disclosed that the planned initial public offering of the Dangote Refinery will feature dollar‑denominated dividends to attract global investors. He said the structure is designed to hedge against naira volatility and position the refinery as a world‑class asset in international capital markets.

    The IPO is expected to deepen liquidity on the Nigerian Exchange and provide new investment options for domestic and diaspora investors. Market watchers say the listing could become one of the largest in Africa, offering exposure to downstream petroleum revenues and non‑oil export earnings.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • Dangote Refinery Receives Second Crude Cargo From Ghana

    Dangote Refinery Receives Second Crude Cargo From Ghana

    Photo Credit:Punch Newspapers

    The Dangote Refinery has received its second crude oil shipment from Ghana, signalling deepening regional supply links for the massive Lagos‑based complex. Reports say the cargo is part of a broader supply arrangement that allows the plant to process blends from multiple African producers.

    Energy analysts note that regular deliveries from Ghana and other countries could strengthen West African energy integration, while helping the refinery reach full capacity and stabilise fuel supply in Nigeria. The move also underscores Dangote’s strategy of diversifying feedstock sources beyond domestic crude.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Niger Delta Group Awards 650 Grants to MSMEs

    Niger Delta Group Awards 650 Grants to MSMEs

    Photo Credit:Punch Newspapers

    A Niger Delta‑based development group has disbursed 650 grants to micro, small and medium‑scale enterprises in the region, targeting jobs and income growth in communities affected by oil‑industry disruptions. Beneficiaries include traders, artisans, agribusiness operators and service providers across several states.

    Organisers said the initiative is designed to complement federal and state programmes by providing flexible funding, mentorship and market‑linkage support. They argue that expanding MSMEs is critical to tackling unemployment, reducing youth restiveness and diversifying the region’s economy beyond oil.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Chaos at Gombe Airport After Rano Air Cancels Flight

    Chaos at Gombe Airport After Rano Air Cancels Flight

    Photo Credit:Punch Newspapers

    Passengers at Gombe Airport staged protests after a Rano Air flight was abruptly cancelled, sparking scenes of chaos and heated exchanges with airline staff. Travellers complained of poor communication, lack of compensation and fears of missing critical engagements, including international connections.

    Airport security personnel intervened to restore order as stranded passengers demanded refunds and alternative arrangements. The incident again exposes persistent service‑quality issues in Nigeria’s domestic aviation market and the need for stricter enforcement of passenger‑rights regulations.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • FCCPC Seals Ikeja Electric Office Over 30-Month Blackout

    FCCPC Seals Ikeja Electric Office Over 30-Month Blackout

    Photo Credit:Punch Newspapers

    The Federal Competition and Consumer Protection Commission has shut the Ikeja Electric business office in Lagos over a reported 30‑month power outage affecting 19 customers who were still being billed. FCCPC officials sealed the premises after investigations suggested prolonged service failure and possible unfair billing practices.

    The commission demanded immediate remediation for affected consumers and warned other distribution companies against similar behaviour. The action highlights growing regulatory pressure on power firms to improve service quality, billing transparency and complaint resolution in a sector that directly affects business competitiveness and household welfare.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • FG Secures Over ₦6bn Private Funding to Scale 3MTT Tech Training

    FG Secures Over ₦6bn Private Funding to Scale 3MTT Tech Training

    Photo Credit:Punch Newspapers

    The Federal Government has secured more than ₦6 billion in private‑sector commitments to expand the 3 Million Technical Talent (3MTT) programme nationwide. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the new funding will support training centres, learning devices and job‑placement pipelines for young Nigerians entering tech careers.

    Partners include local and international firms seeking to build talent for software development, cloud computing, cybersecurity and other in‑demand skills. The government hopes the initiative will position Nigeria as Africa’s tech‑talent hub, deepen digital inclusion and contribute to non‑oil export earnings.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • FG Rolls Out 40 Electric Buses in Clean-Energy Push

    FG Rolls Out 40 Electric Buses in Clean-Energy Push

    Photo Credit:Punch Newspapers

    The Federal Government has unveiled 40 electric buses as part of efforts to reduce carbon emissions, cut fuel costs and modernise Nigeria’s public transport system. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the buses will operate on pilot routes while a broader ecosystem of charging infrastructure and maintenance support is developed.

    Officials say the initiative underscores Nigeria’s commitment to cleaner mobility and gas‑based power, while also easing transport costs for commuters in the long term. The project is expected to attract private partners and demonstrate the viability of electric vehicles in Nigerian cities.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • Nigeria Helped Prevent Bloodshed in Benin Coup Attempt – Minister

    Nigeria Helped Prevent Bloodshed in Benin Coup Attempt – Minister

    Photo Credit:Punch Newspapers

    Nigeria’s Minister of Foreign Affairs has revealed that Abuja played a key role in averting large‑scale bloodshed during an attempted coup in neighbouring Benin Republic. He said discreet diplomatic engagement, coordination with regional leaders and support for Benin’s legitimate authorities helped defuse the crisis before it escalated into open conflict.

    The minister noted that instability in Benin would have had spill‑over effects on Nigeria’s border communities, trade routes and security operations against cross‑border crime. Nigeria’s intervention is being presented as part of its longstanding commitment to democratic governance and stability in West Africa.

    Source: Punch Newspapers – 11 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 11 Dec 2025 2025-12-11

  • EFCC Arraigns Ex-Labour Minister Chris Ngige Over N2.2bn Fraud Allegation

    EFCC Arraigns Ex-Labour Minister Chris Ngige Over N2.2bn Fraud Allegation

    Photo Credit:Punch Newspapers

    The Economic and Financial Crimes Commission has arraigned former Minister of Labour and ex‑Anambra Governor, Chris Ngige, over alleged diversion of N2.2 billion public funds. He was brought before a Federal High Court on multiple counts bordering on abuse of office, money‑laundering and misappropriation.

    Ngige pleaded not guilty as his lawyers argued that the charges are politically motivated. The case adds to a string of high‑profile prosecutions targeting former officials, with anti‑corruption activists insisting that successful convictions and asset recoveries are crucial to restoring public trust and plugging revenue leakages.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Reps Target Casual Labour Practices in Nigeria’s Banks

    Reps Target Casual Labour Practices in Nigeria’s Banks

    Photo Credit:Vanguard

    The House of Representatives has advanced a bill sponsored by Fuad Laguda seeking to curb the widespread use of casual workers in Nigeria’s banking sector. The proposed law aims to compel banks to regularise thousands of contract staff who perform core functions but lack job security, benefits and union representation.

    Labour groups have long criticised the practice as exploitative, arguing that it depresses wages and encourages unethical sales pressures. Supporters of the bill say fair employment in banks is critical to financial‑sector stability and consumer trust, though industry players warn of higher operating costs.

    Source: Vanguard – 11 Dec 2025

    2025-12-12 10:00:00 Vanguard – 11 Dec 2025 2025-12-11