Business

Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says every Nigerian who earns an income has a responsibility to declare it. On June 26, President Bola Tinubu signed the four tax reform bills into law, and they are expected to take effect on January 1, 2026. Answering questions during an interactive session with journalists, influencers, and …

The Federal Government on Monday emphasised the critical importance of the 650,000-barrel-per-day Dangote Refinery, declaring that it must be supported at all costs to succeed. The government’s position was stated by Vice President Shettima and emphasised by Minister of Budget and National Planning Senator Bagudu at the opening of the Nigerian Economic Summit 2025 in Abuja. The government said the …

The Arewa Consultative Forum (ACF) has raised concern over what it described as a calculated plot by entrenched interests to cripple the operations of the Dangote Petroleum Refinery. It warned that such actions pose a grave threat to Nigeria’s economic stability and investment reputation. In a statement signed by its National Publicity Secretary, Prof. T.A. Muhammad-Baba, the northern socio-political group …

The Dangote Group is ready to redeploy refinery engineers, who were sacked for joining the Petroleum and Natural Gas Senior Staff Association of Nigeria, to the company’s sugar and cement plants, Sunday PUNCH has learnt. The company will also recruit new engineers to replace the redeployed ones. Sources in the refinery, who did not want to be mentioned because of …

Dangote Petroleum Refinery has asked Nigerians to stand against the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Trade Union Congress (TUC) over the industrial action against the company. In a statement on Monday, the refinery described the TUC as “zombie-like” for declaring full solidarity with PENGASSAN and threatening a nationwide strike “without making any effort …

The Nigerian National Petroleum Company Limited has signed another two-year crude supply agreement with the Dangote Petroleum Refinery. The deal signed last month would ensure the steady supply of crude to the 650,000-barrel-per-day refinery located in Lekki, Lagos. It was further gathered that the deal is in line with the Federal Government’s determination to supply more crude to the facility, …

President Bola Tinubu’s tax czar, Taiwo Oyedele, says all Nigerians, including ladies engaging in prostitution popularly called “runs,” are mandated to pay tax per the new tax reforms set to be enforced in January 2026. In the eyes of the new tax law, Mr Oyedele explained, there are no distinctions between legitimate income and illicit funds. Mr Oyedele, who chairs …

Dangote Refinery has described the directive by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, to its members to cut gas and crude supply to the plant as economic sabotage. The oil company made this known in a statement on Saturday. This comes after PENGASSAN hit back at Dangote Refinery for sacking over 800 workers belonging to …

Dangote Refinery has resumed sales of Premium Motor Spirit in naira after the intervention of the Federal Government. This was disclosed in an email to customers sighted on Saturday. The refinery stressed that the development followed the intervention of the Naira for Crude Technical Committee Chairman. “Dear Valued Customer, following the intervention of the Naira for Crude Technical Committee chairman, …

Nigerian workers under the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) have directed their members nationwide to immediately shut down the supply of gas and crude to Dangote Refinery. This was disclosed in a letter by the General Secretary of PENGASSAN, Lumumba Okugbawa, dated Saturday, to various branch chairmen of the union. The union cited the refinery’s termination of …