Here are the seven top business stories you need to track this week — September 15 to September 19.
DANGOTE REFINERY TO COMMENCE FREE DELIVERY OF PETROL SEPTEMBER 15
The Dangote refinery says it will commence free direct supply of petrol across the country on September 15.
The plant said the product will be sold at an ex-gantry price of N820 per litre.
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According to the refinery, petrol will be delivered to retail outlets in Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti at N841 per litre, while the product will be sold for N851 per litre in Abuja, Delta, Rivers, Edo, and Kwara states.
NSIB VS AIR PEACE CREW SAGA
The Nigerian Civil Aviation Authority (NCAA) says its investigation did not indict the Air Peace co-pilot involved in the Port Harcourt runway incident.
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Michael Achimugu, NCAA director of public affairs and consumer protection, explained in an X space that investigators found an issue with the pilot involved, who has since retired.
Achimugu said the Nigerian Safety Investigation Bureau (NSIB) did not send the toxicology report on the runway excursion to the agency before making it public, as the report only got to the authority after the bureau had gone to the press
On September 11, NSIB alleged in a toxicology report that an Air Peace pilot and co-pilot, who flew the aircraft involved in the airway that veered off the runway tested positive for alcohol.
Also, the NSIB said a cabin crew member had a substance of cannabis in her system.
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Afterwards, an Air Peace crew member accused of drug intake dismissed the NSIB’s claim as a smear campaign, threatening legal action within 72 hours unless the report is retracted.
NCAA BARS PILOTS FROM FLYING WITH DISRUPTIVE PASSENGERS ONBOARD
The NCAA has directed airlines not to take off whenever disruptive passengers are onboard, warning that carriers that fail to comply could face sanctions.
Michael Achimugu, the NCAA’s director of public affairs and consumer protection, spoke on Wednesday during a meeting with domestic airline executives in Abuja.
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The director said passengers have no right to assault or verbally abuse cabin crew, noting that many confrontations escalate because pilots fail to assert their authority, leaving the crew vulnerable.
FCCPC RECORDS OVER 9,000 COMPLAINTS, RECOVERS N10BN
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The Federal Competition and Consumer Protection Commission (FCCPC) says Nigerian consumers lodged more than 9,000 complaints across 30 sectors between March and August 2025, with banking, fast-moving consumer goods (FMCG), and financial technology (fintech) companies topping the list.
According to updated data released by the commission on Thursday, banking accounted for 3,173 complaints, followed by FMCG (1,543), fintech (1,442), and electricity (458).
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Other sectors that featured prominently were e-commerce (412), telecommunications (409), retail/wholesale/shopping (329), aviation (243), information technology (131), and road transport and logistics (114).
POWER SUPPLY DISRUPTED AS NATIONAL GRID COLLAPSE
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The national grid collapsed on Wednesday morning, causing the power outages across Nigeria.
Data obtained by TheCable from the Independent System Operator (ISO) showed that the megawatts (MW) generated dropped from 2,917MW to 1.5MW between 11am and 12pm.
In a post on Twitter, Abuja Electricity Distribution Company (AEDC) confirmed the loss of power from the national grid.
FG GAZETTES TAX REFORM LAWS, IMPLEMENTATION TO BEGIN JANUARY 2026
The federal government has gazetted Nigeria’s new tax reform laws, with implementation set to begin on January 1, 2026.
Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, announced in a post on X on Monday.
“Nigeria’s tax reform laws have been published in the official gazette,” the post reads.
‘CRUDE LOSSES OVER THEFT, INACCURATE METERING DROPPED TO LOWEST IN 16 YEARS IN JULY’
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says crude oil losses from theft and metering issues dropped to their lowest levels in about 16 years.
In its statement on trends of crude oil losses year-to-date July 2025, NUPRC said daily crude losses stood at 9,600 barrels per day (bpd) as at July — the lowest figure since 2009 when losses dropped to an all-time low of 8,500 bpd.
The statement noted that the achievement represents a significant advancement in the commission’s ongoing efforts to eradicate crude losses across Nigeria’s oilfields and pipelines.
