Grid collapse, debts crippling power plants – GenCos –

The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, has kicked against threats to disconnect generation companies from the national grid, warning that unstable transmission and market failures are damaging their plants and deepening losses. The GenCos also demanded regulations mandating the immediate payment of their revenue by offtakers…..(Read More)

FX stability may drive inflation decline further – Report –Ahead of the release of the August inflation data, Coronation Asset Management, in its inflation outlook, has projected a continued decline driven by foreign exchange stability and the harvest season. The National Bureau of Statistics is expected to publish the inflation report for August on Monday (today), with inflation expected to continue to decelerate and hit five months of dips. Nigeria’s inflation rate declined for the fourth consecutive month in July 2025, settling at 21.88 per cent year-on-year…….(Read More)

Dangote deploys 1,000 fuel distribution trucks, IPMAN rallies marketers –

The Dangote Petroleum Refinery will today (Monday) roll out over 1,000 Compressed Natural Gas-powered trucks to begin the first phase of its direct fuel distribution scheme. Consequently, the Independent Petroleum Marketers Association of Nigeria has said it is ready to receive Dangote trucks at its various stations. Officials at the Dangote refinery told The PUNCH that the direct distribution would begin as part of activities marking one year since the refinery started petrol production…….(Read More)

Direct fuel supply will save us N1.5 trn – Dangote Refinery –Dangote Refinery and Petrochemicals yesterday reiterated that its decision to adopt direct fuel distribution, which is being flagged off today, was to reduce dependency on third-party carriers for fuel distribution in Nigeria. It stated that the move is not only a matter of strategic choice but a national imperative. The refinery, which also reacted to recent claims by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), accused the marketers’ association of making attempts to frustrate the operation of the refinery.…..(Read More)

‘Shea Nut Export Ban Hurts Farmers’ Livelihoods, Investor Confidence’ –

Nigeria’s six-month ban on raw shea nut exports has sparked concerns over market disruptions, with shea nut prices plummeting by over 30 per cent and existing export contracts facing potential default, says the Centre for the Promotion of Private Enterprise (CPPE). The director-general of CPPE, Dr. Muda Yusuf stated this yesterday, adding that, the federal government’s six-month ban on raw shea nut exports is intended to accelerate domestic value addition and support Nigeria’s industrialization drive…….(Read More)

Exclusive: US Democrats press Trump for a trade deal that curbs China’s production –

 U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should include “binding requirements” on Beijing to reduce industrial overcapacity, according to a letter they sent to Bessent and other top trade officials on Friday and seen by Reuters………(Read More)