Business
FG, govs meet Thursday on petrol, electricity prices
The Federal Government will Thursday meet with state governors and the Nigerian National Petroleum Corporation on the issue of right pricing for petrol in the country.
Minister of Labour and Employment, Sen. Chris Ngige, disclosed this while speaking with newsmen at the end of a meeting between the Federal Government and the labour in Abuja.
The meeting was to dissuade labour unions from embarking on industrial action over the increase in the prices of petrol and electricity.
Ngige said that the meeting with organised labour was peaceful and productive.
He said, “As for the issue of the price of PMS, it is a work in progress. The governors are to discuss this on Thursday at the National Economic Council and hopefully there will be a way out of the situation.”
He also said that both sides have resolved to allow more time in order to look into ways of tinkering with the template for fixing domestic fuel price.
The minister said on the issue of electricity tariff that the report was well received by both sides and the committee was asked to continue further work on grey areas.
He said that the meeting with organised labour was adjourned till April, after the Easter celebration.
The Federal Government had in November 2020 raised the depot price of petrol from N147.67 to N155.17 per litre, enforcing marketers to sell between N165 and N173 per litre.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba, said they were able to point out areas of the report on petrol pricing that labour was not in agreement with.
He also said that labour maintained that it was not comfortable with the import pricing method that was adopted by the country.
The NLC leader said, “This means that we import 100 per cent of all the PMS used in the country, whereas we have refineries.
“The reports were presented and we pointed out areas that we are not comfortable with and also made some suggestions which will form the basis of decisions on the matter.”
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Carloha shakes up pickup market with launch of heavy-duty Chery Himla
Carloha shakes up pickup market with launch of heavy-duty Chery Himla
Carloha Nigeria has officially unveiled the Chery Himla pickup in Nigeria, marking the brand’s entry into the country’s highly competitive pickup segment with a bold focus on productivity, durability and business efficiency.
The launch, held at Orange Island, Lekki, Lagos on February 19, 2026, positions the Himla not merely as a utility vehicle but as a high-performance mobile business asset tailored for commerce, agriculture, logistics, security operations and regional trade.
Speaking at the event, Managing Director of Carloha Nigeria, Mr. Sola Adigun, described the unveiling as a significant milestone for the company and Nigerian entrepreneurs.
“Today’s launch represents a key milestone, with Himla engineered to enhance efficiency and productivity for security outfits, farmers, logistics operators, entrepreneurs and others,” he said.

Built for Bigger Load, Fewer Tripsĺ
At the heart of the Himla’s appeal is its class-leading 1,276-litre cargo bed (1,530 mm × 1,620 mm × 515 mm), designed to accommodate standard industrial pallets and enable what the company describes as “one-trip loading.”
Its optimised chassis and suspension design minimise wheel arch intrusions, creating a flatter and more practical loading surface.
Integrated side and rear steps simplify loading and unloading, helping businesses improve turnaround time in demanding work environments.
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Built on a high-strength ladder frame with reinforced rear-spring suspension, the Himla offers a rated payload exceeding 1,000 kg while maintaining stability under heavy loads.
It also boasts a 3-ton towing capacity, positioning it as a strong contender for hauling equipment, refrigerated containers and other heavy-duty applications across logistics, construction and agriculture.
Engineered for Nigerian Terrain

Designed with Nigeria’s diverse road conditions in mind, the Himla features advanced 4×4 capability and 265 mm ground clearance to tackle rough job sites and rural terrain with confidence.
Carloha says the pickup is engineered for durability in high temperatures and humid environments, incorporating wear-resistant and anti-corrosion materials, galvanised steel components and high-strength body panels. Multiple heavy-duty anchoring points ensure cargo stability even on uneven surfaces.
The vehicle is available in ICE variants and comes equipped with premium leather seats, a 15.6-inch central touchscreen, a 9.2-inch digital dashboard display and enhanced rear-seat comfort. Higher-end models feature advanced driver assistance systems.
Real-World Test Drive
Motoring journalists, customers and automobile enthusiasts at the launch event had the opportunity to test-drive the Himla across simulated terrains.

The demonstration highlighted its 4×4 capability, hill approach and descent angles, towing strength, load stability, water-wading ability, in-cabin quietness and overall ride comfort.
General Manager, Marketing at Carloha Nigeria, Mr. Felix Mahan, described the Himla as a cornerstone of Chery’s global pickup strategy.
He said the model combines “class-leading cargo capacity, hardcore load capability, advanced technology and climate-adapted engineering” to serve Nigerian entrepreneurs as a reliable business partner.
Backed by a class-leading six-year warranty, the Himla enters the Nigerian market with a strong value proposition.
With its unveiling, Carloha is betting that Nigeria’s evolving economy will increasingly demand pickups that do more than transport goods — vehicles designed to power productivity, cut operational costs and drive enterprise growth.
Carloha shakes up pickup market with launch of heavy-duty Chery Himla
Business
Dangote Refinery Signs Off‑Take Deal to Deliver 65m Litres of Petrol Across Nigeria
Dangote Refinery Signs Off‑Take Deal to Deliver 65m Litres of Petrol Across Nigeria
Dangote Petroleum Refinery & Petrochemicals has confirmed that it will supply between 60 million and 65 million litres of Premium Motor Spirit (PMS) — commonly known as petrol — daily to meet Nigeria’s national fuel demand, effectively positioning the country for sustained fuel self‑sufficiency and ending decades of reliance on imported petrol. The facility will also export up to 20 million litres of surplus petrol daily under a structured off‑take arrangement with major marketers.
The announcement was made by Aliko Dangote, President of the Dangote Group, during a press engagement in Lagos, where he said the refinery had concluded a structured distribution agreement with key local oil marketing firms to ensure stable nationwide supply and curtail fuel scarcity and speculation.
“We have agreed a framework to supply up to 65 million litres daily for the domestic market. Any surplus, estimated at between 15 million and 20 million litres, will be exported,” Mr. Dangote said, affirming confidence in the refinery’s production capacity and downstream rollout strategy.
Output Exceeds Domestic Consumption
Nigeria’s average daily petrol consumption currently ranges between 50 million and 60 million litres, meaning the Dangote Refinery now produces more petrol than the country needs for local use. Industry watchers say this marks a decisive break from decades of fuel import dependence, which historically exposed the nation to foreign exchange pressures, supply disruptions, and periodic scarcity.
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Structured Off‑Take and Nationwide Distribution
Under a distribution framework approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), petrol from the Dangote Refinery will be channelled through a network of major marketers to ensure broad and consistent coverage across the country. Participating companies include:
- MRS Oil Nigeria Plc
- Nigerian National Petroleum Company Limited Retail (NNPC Retail)
- 11 Plc (formerly Mobil Oil Nigeria)
- **TotalEnergies Marketing Nigeria Plc
- Rainoil Limited
- Ardova Plc
- Northwest Petroleum & Gas Company Limited
- Bovas & Company Limited
- AA Rano Nigeria Limited
- AYM Shafa Limited
- Conoil Plc
- Masters Energy
The structured model is designed to eliminate supply bottlenecks, curb speculative hoarding, and stabilise retail prices nationwide.
Economic Impact and Fuel Security
Energy analysts describe the development as a structural reform in Nigeria’s fuel supply chain. For decades, Africa’s largest crude oil producer depended heavily on imported refined products, draining valuable foreign exchange reserves and exposing the economy to global price shocks and logistical bottlenecks.
With local refining now exceeding national demand, Nigeria is poised to conserve billions of dollars annually previously spent on petrol imports. Analysts say this would ease pressure on the naira, strengthen external reserves, and improve the country’s trade balance stability. There is also optimism that Nigeria could become a regional supplier of refined products, potentially exporting petrol to neighbouring countries, boosting revenue and supporting economic growth.
Refinery Performance and Government Support
During a recent facility visit, Bayo Ojulari, Group Chief Executive Officer of NNPC Limited, described the Dangote Refinery as a transformative national asset capable of reshaping Nigeria’s energy security architecture and accelerating industrial growth. He noted that the refinery had surpassed expectations, performing above its design capacity of 650,000 barrels per day, with live production reaching 661,000 barrels per day on recent measurement — a performance indicator that underscores the plant’s operational efficiency and reliability.
Ojulari said, “This plant was designed for 650,000 barrels per day. None of us thought it would even touch 550,000. What we saw live today was 661,000. These are live parameters, not reports or photographs.”
Broader Industrial and Economic Benefits
Experts say the refinery’s success will have ripple effects across Nigeria’s industrial landscape. With reliable access to refined products, manufacturing and transportation sectors are expected to benefit from improved logistics and reduced production costs. Additionally, the refinery’s integrated petrochemical complex — one of the largest in the world — is projected to stimulate growth in downstream industries, create jobs, and attract foreign and local investment.
The government has repeatedly lauded the operationalisation of the Dangote Refinery as a key milestone in Nigeria’s economic diversification strategy. It aligns with national objectives to boost energy independence, reduce import bills, strengthen local capacity, and stimulate private-sector‑led growth.
Dangote Refinery Signs Off‑Take Deal to Deliver 65m Litres of Petrol Across Nigeria
Business
Zinox, TD Africa Partner to Expand Nigeria’s Tech Distribution Footprint Across Africa
Zinox, TD Africa Partner to Expand Nigeria’s Tech Distribution Footprint Across Africa
Zinox Technologies and TD Africa have formalised a strategic partnership to strengthen Africa’s technology ecosystem, expand access to locally manufactured technology, and accelerate digital inclusion across the continent.
The partnership was unveiled at a press conference attended by industry stakeholders, technology partners and journalists. It is aimed at scaling the reach of Nigerian-made technology products across Africa while promoting technological self-reliance, local innovation, and indigenous manufacturing.
Under the agreement, Zinox Technologies, widely regarded as Sub-Saharan Africa’s leading indigenous technology manufacturer, will leverage TD Africa’s extensive distribution network covering 43 African countries. TD Africa is Africa’s largest technology distributor and a major channel partner to global brands such as HP, Microsoft, Dell and Cisco, giving Zinox products access to a vast continental market.
Speaking at the event, Coordinating Managing Director of TD Africa, Chioma Chimere, described the collaboration as a defining milestone for the continent’s technology industry. She said the partnership represents a moment where African innovation meets African distribution strength, noting that Zinox’s products are designed specifically to solve local challenges and reflect African realities.
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Executive Director and Head of Human Resources at Zinox Technologies, Chioma Nwoke, said the partnership aligns with Zinox’s founding vision of building dependable technology standards in Africa. According to her, the collaboration goes beyond commercial interests and extends to digital education, enterprise development, job creation, and nation-building, while reinforcing the message that African technology can compete globally.
Providing further insight into the company’s innovation journey, Head of Research and Development at Zinox, Moses Edoh, highlighted the firm’s track record in developing solutions tailored to African needs. He noted that Zinox was the first company to introduce hybrid inverters in Nigeria, adding that its products are engineered around local power challenges, climate conditions and affordability concerns.
Zinox’s expanding product portfolio includes smart boards, personal computers, tablets, desktops, monitors, and point-of-sale systems. Through its iPower brand, the company manufactures hybrid inverters, solar panels, lithium and tubular batteries, MPPT solar charge controllers, and solar street lights. Its iTEC division produces generators, while its consumer electronics line features AI-powered QLED smart televisions, microwave ovens, and rechargeable fans.
Partners and channel stakeholders at the event attested to the durability, reliability and cost-effectiveness of Zinox products, urging greater awareness and patronage of locally manufactured technology as a credible alternative to imported brands.
With TD Africa’s distribution capacity now supporting Zinox’s product range, customers and partners across the continent are expected to benefit from flexible ownership and access models such as Just Own It (JOI), Technology as a Service (TaaS) and Product as a Service (PaS). These models are designed to reduce upfront costs and improve technology adoption among businesses, institutions and consumers.
The partnership also coincides with renewed recognition of Zinox Group Founder and Chairman, Leo Stan Ekeh, who recently marked his 70th birthday. President Bola Tinubu described Ekeh as one of Nigeria’s pioneering innovators in the information technology sector, recalling the landmark 2001 launch of Zinox’s indigenous computer products.
Ekeh currently presides over Zinox Group, which comprises Zinox Technologies, Task Systems, TD Africa, TD Mobile and Konga, among other subsidiaries that operate across manufacturing, distribution and e-commerce.
Industry observers say the Zinox–TD Africa alliance represents a significant step toward scaling indigenous manufacturing, reducing Africa’s dependence on imported technology, and positioning Nigerian technology brands as competitive players across the continent, in line with Africa’s fast-growing digital transformation agenda.
Zinox, TD Africa Partner to Expand Nigeria’s Tech Distribution Footprint Across Africa
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