Business
NNPC CEO Denies Fuel Importation Claims and Quality Issues
The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has dismissed claims that the company imported 200 million litres of Premium Motor Spirit (PMS) in late February 2025.
Speaking at the 60th Nigeria Mining and Geosciences Society (NMGS) Conference in Abuja, Kyari clarified that NNPC has not imported a single litre of petrol since the start of the year.
He also addressed concerns over fuel quality, calling the allegations baseless and misleading. “The talk around fuel quality is unfortunate and just bad marketing. It’s all drama and entertainment. Regulatory agencies are doing their jobs, and none have reported substandard products in the country,” he said.
Kyari warned that spreading false information about fuel imports and quality could harm not just NNPC but the country’s reputation as a whole. He emphasized that while frustrations may exist, misinformation should not be used as a business tactic.
Addressing a viral video comparing NNPC’s fuel to Dangote’s, Kyari dismissed it as another example of misleading marketing. He reassured Nigerians that NNPC remains committed to maintaining fuel quality and transparency in its operations.
Business
‘That Is the Only Way to Spread Prosperity’ — Dangote on Refinery Shares
Businessman Aliko Dangote has explained why he believes Nigerians should participate in the ownership of his refinery by purchasing shares.
He was asked by singer Davido why Nigerians should participate, and Dangote explained that the initiative would help spread wealth and prosperity across Africa.
“Well, it’s very important because that is the only way to spread prosperity and wealth throughout Africa. And like I said, this is not going to be the first and the last. We will continue with even our fertilizer. By the time we finish listing, every single one will own part of our businesses and we will create a pool of cash…”
He explained that the goal is to create opportunities for more Nigerians to own a stake in the businesses and help spread wealth across the country.
Business
Aliko Dangote Speaks on His Children and Carrying on His Family Name
Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.
“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”
Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”
Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”
Business
Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms
It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.
Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”
Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”
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