Author: Nationalmonitor

…competitive pricing protects consumers from import driven increases Dangote Petroleum Refinery & Petrochemicals continues to shield the Nigerian market from external price shocks, maintaining stable domestic fuel prices within a commercially acceptable range despite rising international gasoline prices, higher freight rates and tightening global supply conditions that are increasing costs for fuel importers across West Africa, according to the latest market intelligence from S&P Global Commodity Insights. According to the latest market intelligence published by S&P Global Commodity Insights, importers supplying the Nigerian market are becoming increasingly concerned over the sharp rise in international gasoline prices, with traders attributing the…

L-R: Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo; Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; Group Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; and Managing Director/Chief Executive Officer, Dangote Petroleum Refinery & Petrochemicals, David Bird, during the visit of the Ministers and Board members of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to the Dangote Petroleum Refinery, Petrochemicals and Fertiliser complex in Lekki, Lagos, on Monday. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has described the Dangote Petroleum Refinery & Petrochemicals as a source of…

​The Federal High Court in Abuja has issued a bench warrant for the arrest of Prince Adeniyi Adeyemi, the self-proclaimed Director-General of the “non-existent” Presidential Foreign Investment Promotion Council (PFIPC). Justice Mohammed Umar ordered security agencies to apprehend Adeyemi after he failed to appear in court for his scheduled arraignment on an eight-count criminal charge. The order was granted following an oral application by the police prosecution counsel, Wisdom Madaki, who complained that the defendant had repeatedly stalled the trial by failing to appear on multiple consecutive court dates. ​During the proceedings, defense counsel Genesis Francis pleaded with the court…

​The House of Representatives Public Accounts Committee (PAC) has issued a stern directive to the Office of the Accountant-General of the Federation (OAGF) to provide a comprehensive, detailed account of trillions of naira in outstanding revenues owed by key government enterprises, including the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL). Led by committee chairman Bamidele Salam, lawmakers are intensifying their oversight to enforce compliance with the Fiscal Responsibility Act and address systemic leakages in Nigeria’s revenue remittance systems. ​During the legislative hearing, the OAGF’s Director of Revenue and Investment, Makinde Mogaji, revealed that the…

​The House of Representatives has stepped down its sponsored bill on the establishment of state police to make way for an upcoming executive bill from President Bola Tinubu. The decision was reached following a motion of urgent public importance, with lawmakers agreeing that aligning with the executive’s framework would ensure a more cohesive and nationwide approach to restructuring Nigeria’s security architecture. ​For months, the legislative draft—which had already passed its second reading—was seen as a major step toward addressing the country’s worsening security challenges. However, the sponsor of the bill, Benjamin Kalu, who also serves as the Deputy Speaker, explained…

Mitchell Elegbe, Founder and Group Managing Director/CEO of Interswitch, has urged Africans to invest massively in energy infrastructure as a critical enabler of financial inclusion and sustainable economic growth across the continent. In a keynote address delivered on his behalf at the 11th edition of the Nigeria Energy Forum (NEF) 2026 in Lagos, the company underscored the inextricable link between reliable energy, digital infrastructure, and inclusive prosperity. Represented Mitchell Elegbe, Founder and Group CEO, Interswitch, Adeyinka Adekoya, Vice President, Energy Ecosystem, delivered the keynote address titled “Rewiring Financial Inclusion, Infrastructure & Investments,” emphasising that reliable energy is the foundation upon which digital…

The University of Lagos came alive with colour, music and youthful energy as thousands of students gathered for the Infinix HOT 70 Pro “Be Seen. Be Hot.” Campus Storm, an unforgettable celebration of technology, entertainment and self-expression that transformed the campus into the ultimate destination for youth culture. Bringing together students from the University of Lagos, Yaba College of Technology, the Federal College of Education and neighbouring institutions, the Campus Storm delivered an immersive experience where innovation met entertainment, giving attendees the opportunity to engage with the HOT 70 Pro in exciting and unexpected ways. The event also marked a…

Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, paid a working visit to Zamfara State on Monday, July 13, 2026, where she commended Governor Dauda Lawal for his administration’s focused economic and investment drive. During the courtesy visit at the Government House in Gusau, Dr Oduwole lauded the Governor’s strides in industrial development, noting that Zamfara is rapidly emerging as a viable destination for both local and international investors. “The Federal Ministry of Industry, Trade and Investment is committed to supporting states that demonstrate clear visions for economic diversification. Zamfara, under Governor Lawal’s leadership, is showing that it…

First Trustees Limited, a subsidiary of FirstHoldCo Plc., and a leading provider of fiduciary and trusteeship services in Nigeria, is encouraging individuals, professionals, entrepreneurs, and investors to view Estate Planning not as an end-of-life exercise, but as a strategic investment tool for protecting, preserving, and transferring wealth across generations. As more Nigerians focus on wealth creation through businesses, real estate investments, and other income-generating assets, experts are emphasizing that building wealth is only one part of the equation. Equally important is creating structures that ensure those assets remain protected, properly managed, and seamlessly transferred to succeeding generations in accordance with…

BY ABU-SATAR HAMED The recent criticism directed at His Majesty, Oba (Dr.) Kehinde Gbadewole Olugbenle, MFR, the Olu of Ilaro and Paramount Ruler of Yewaland, and his fellow traditional rulers over the rejection of a gift allegedly presented through Hon. Ladi Adebutu deserved a more balanced and objective assessment. Those who have condemned the actions of the monarchs should first ask themselves a simple question: Was the Olu of Ilaro expected to accept what many perceived as a “Trojan Horse” capable of undermining the collective aspiration of Ogun West at this crucial moment in its political history? For more than…