News
Fire Outbreak at Dangote refinery plant

A fire broke out at a section of the Dangote Refinery in Ibeju-Lekki, Lagos State, on Wednesday morning. The cause of the outbreak has not yet been confirmed.
Anthony Chiejina, Group Head of Corporate Communications at Dangote Petroleum Refinery, confirmed that a minor fire broke out at the refinery’s effluent treatment plant on Wednesday, June 26. The fire was quickly contained, and there were no injuries or operational disruptions.
The Dangote Petroleum Refinery, which processes 650,000 barrels per day, began producing diesel and aviation fuel in January. The first crude delivery occurred on December 12, 2023, with the sixth cargo arriving on January 8. Recently, the refinery received an additional one million barrels of Bonny Light crude from the Nigeria National Petroleum Company (NNPC Ltd) to further its production of refined petroleum products.
News
Nigerians to Start Paying Full Electricity Price as Government Plans to Remove Subsidies

Nigeria’s Minister of Power, Adebayo Adelabu, has said that Nigerians should get ready for a new electricity pricing system that reflects the actual cost of power.
Speaking during a meeting with heads of the country’s power-generating companies in Abuja, Adelabu explained that the government can no longer afford to keep spending huge sums on electricity subsidies. He noted that the federal government currently owes power generation companies over N4 trillion in unpaid subsidy debts.
According to a recent report by the Nigerian Electricity Regulatory Commission (NERC), while the actual cost of electricity is around N116.18 per kilowatt-hour, consumers only pay N88.2—leaving a gap of nearly N28 per unit that the government has to cover.
Only about 15 percent of power users, those in Band A, are not receiving subsidies, meaning the rest still benefit from the price support. Adelabu made it clear that Nigerians must begin to pay the full value for the electricity they use, although he assured that low-income citizens will still receive targeted support to help with costs.
Business
Skype Finally Shuts Down After 22 Years of Connecting People Online

Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
News
Trump Says He Won’t Run Third Term but Hand Over to a Strong Republican Leader

Donald Trump has said he’s not planning to run for a third term as U.S. President. In a recent interview on NBC’s ‘Meet the Press’, Trump said although many people want him to go for it, he’s not considering it.
The former president, now in his second term, said the law doesn’t allow a third term, even though he’s floated the idea before. “To the best of my knowledge, you’re not allowed,” he said, adding that he’s not sure if that’s strictly constitutional.
Trump is now focused on making the most of his current term, saying he hopes to hand over to a “great Republican” when he’s done. The U.S. Constitution’s 22nd Amendment limits presidents to two terms in office.
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