Author: bibncollar

Dangote Petroleum Refinery has reportedly become the world’s largest exporter of jet fuel in April, following a sharp rise in production and disruptions in global fuel supply caused by tensions in the Middle East, according to a report by S&P Global Energy. The report, which featured comments from the refinery’s Chief Executive Officer, David Bird, stated that changing global fuel trade patterns created increased demand for alternative aviation fuel suppliers, placing the Nigerian refinery in a strong position within the international market. Data from S&P Global Commodities at Sea revealed that the refinery emerged as the leading exporter of…

The United Nations has stressed that making the digital world safer for children is now an urgent global priority, warning that online harm is largely caused by the design choices and business practices of technology companies. Speaking on Friday, the UN High Commissioner for Human Rights, Volker Turk, said governments must ensure that tech firms build child safety directly into their platforms. According to him, harmful features such as infinite scrolling, autoplay videos, and constant app notifications contribute significantly to risks faced by children online. Turk explained that while the internet offers children opportunities for learning, creativity, and social…

Nigeria’s slow industrial growth has long been linked to one persistent challenge: unreliable electricity supply. Manufacturers across the country continue to depend heavily on alternative power sources to keep their operations running, a reality that has significantly increased production costs and reduced competitiveness. Despite trillions of naira spent by successive governments to improve electricity generation and distribution, stable power supply remains largely elusive. In Ogun State, however, the liberalisation of the energy sector has opened a new window of opportunity. Recognised as one of Nigeria’s leading industrial centres, the state is taking deliberate steps to secure a more reliable…

The timeline right now belongs to Ojude Oba Festival. Across Ijebu-Ode, the festival grounds are already overflowing with richly woven Aso-Oke, vibrant colours and unforgettable style moments. Year after year, Ojude Oba continues to prove why it remains one of the most celebrated cultural festivals every Nigerian should experience. With notifications turned on, social media users are bracing for the annual flood of elite fashion displays as the various age-grade groups, known as Regberegbe, arrive to pay homage to the Awujale. But beyond tradition, the event has also evolved into a full-blown showcase of elegance, status and creativity. The…

The National Bureau of Statistics (NBS) has revealed that the average retail price of Premium Motor Spirit (petrol) rose from N1,288.54 per litre in March to N1,532.93 in April 2026. In its April Petrol Price Watch report released in Abuja, the NBS stated that the new price represents an 18.97 per cent increase compared to March figures. On a year-on-year basis, petrol prices also climbed by 23.69 per cent from N1,239.33 recorded in April 2025. According to the report, Yobe recorded the highest average petrol price at N1,599.05 per litre, followed by Edo at N1,595.74 and Bauchi at N1,589.07.…

The Nigeria Centre for Disease Control and Prevention (NCDC) on Thursday issued a Public Health Advisory to healthcare workers across the country, urging heightened preparedness against a possible outbreak of Ebola Virus Disease (EVD). Although no confirmed case linked to the current regional outbreak has been recorded in Nigeria, the agency warned that the country remains at high risk of importing the virus due to increased international travel, porous borders and heavy cross-border movement within the region. In the advisory signed by its Corporate Communications Division, the NCDC called on healthcare workers to remain vigilant and strengthen preparedness measures…

Arsenal’s enterprise value has climbed sharply by 23 per cent to €4.9 billion (about N7.84 trillion), highlighting the club’s remarkable financial growth ahead of its recent sporting achievements, including its first Premier League title in 22 years. According to the latest European club valuation rankings released by Football Benchmark, the North London club rose two places to fifth among Europe’s most valuable football institutions. The valuation, based on financial results from the 2024/2025 season, does not yet account for the expected commercial boost from Arsenal’s 2025/2026 Premier League title success. Arsenal are also preparing for a major European showdown…

A rocket developed by exploded during a test at the company’s launch facility in , sending a massive fireball into the sky and prompting an investigation into the cause of the incident. The explosion occurred around 9:00 p.m. local time during a hotfire test ahead of a scheduled launch mission. Footage from the scene showed the rocket bursting into flames and engulfing parts of the test area. In a statement shared on social media, Blue Origin confirmed that it had “experienced an anomaly” during the test but noted that all personnel were safe and accounted for. Company founder later addressed…

Dangote Petroleum Refinery has reduced its depot price for diesel by ₦200 per litre, bringing the cost down from ₦1,800 to ₦1,600 effective May 26, 2026. The reduction comes as increased petroleum imports into Nigeria continue to boost product supply and heighten competition within the downstream oil market. Industry insiders said the influx of imported fuel products at Nigerian ports has placed pressure on domestic pricing, contributing to the latest adjustment in diesel costs. A representative of the Petroleum Products Retail Outlets Owners Association of Nigeria reportedly stated that the growing volume of imports has improved fuel availability and influenced…

Meta Platforms has started rolling out new subscription services for Facebook, Instagram and WhatsApp as the company moves to reduce its dependence on advertising revenue. The new “Plus” subscription tiers will give users access to premium features, including profile customisation tools, advanced reactions, expanded engagement options and enhanced Story functions. Users can subscribe to Instagram Plus, Facebook Plus or WhatsApp Plus for monthly fees ranging from $2.99 to $3.99, depending on the platform. Announcing the launch, Meta’s Head of Product, Naomi Gleit, said the company plans to continue expanding the subscription packages with additional features over time. According to her,…