Business
Fire Breaks Out at Governor Mbah’s Fuel Station, Arson Suspected
A fuel station owned by Enugu State Governor, Peter Mbah, was engulfed in flames early Friday morning, reportedly due to an attack by unidentified individuals.
The station, Pinnacle Oil, located along Agbani Road in Enugu, was the target of an arson attack carried out by assailants who arrived in a Toyota Corolla.
Eyewitnesses revealed that the fire rapidly spread, consuming at least four vehicles in the vicinity.
The inferno led to widespread panic among residents and commuters in the area.
Firefighters from both the federal and state fire services responded swiftly, managing to contain the flames before they could cause further destruction.
The Enugu State Police Command, while confirming the incident, hinted at a different possible cause for the fire.
In a statement issued by the command’s spokesperson, DSP Daniel Ndukwe, it was suggested that the blaze may have started due to fuel leakage from one of the cars queued up to buy fuel at the station.
Although the fire caused extensive damage to the station and several vehicles, no casualties were reported.
The Commissioner of Police, CP Kanayo Uzuegbu, who was present at the scene, assured the public that a thorough investigation would be conducted.
He instructed the Deputy Commissioner of Police overseeing the State Criminal Investigation Department (CID) to lead the inquiry into the fire to determine its true cause and those responsible.
As a result of the incident, security operatives have barricaded the Agbani Road axis, where the station is located, to maintain order and ensure public safety.
While normalcy has been restored, the incident has raised concerns about safety and security in the area.
Residents are hopeful that the investigation will uncover the facts surrounding the fire and bring the culprits to justice.
Business
Dangote Refinery Increases Petrol and Diesel Prices
It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.
It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.
This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.
Business
10 Businesses to Invest in 2026: Best Sectors, Stocks, and Companies to Watch
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
Business
BATNF, NYSC Collaborate to Promote Agribusiness Among Corps Members
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
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