Abubakar Ibrahim - Profile and Journalist Details
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Abubakar Ibrahim
Verified
Editor and Journalist, BusinessDay Nigeria
Lagos
Beats
Fashion and entertainment
Content
By Abubakar Ibrahim| BusinessDay Nigeria Verified Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to N835 per litre. This is the second time the refinery has reduced the ex-depot price of the refined product within two weeks. Read also: Nigeria records significant drop in petrol imports – NMDPRA This downward price adjustment comes in response to a drop in international crude oil prices, which have recently fallen to $64 per barrel from over $70 per barrel.
By Abubakar Ibrahim| BusinessDay Nigeria Verified Nigeria’s power sector is facing renewed scrutiny as recent data show that electricity metering has dropped to a four-year low, contradicting the federal government’s claims of significant improvements in meter distribution. Data gleaned from the Nigerian Electricity Regulatory Commission (NERC) revealed that the power sector installed 547,436 meters in 2024 out of the targeted 800,000, indicating a 68 percent installation rate.
By Abubakar Ibrahim| BusinessDay Nigeria Verified Nigeria’s fiscal stability is under pressure as crude oil production plummeted to its lowest level yet in 2025, raising alarm bells about the country’s ability to fund its national budget. Data gleaned from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that Nigeria’s crude, blended and unblended condensates production declined by 68,177 barrels per day (bpd) in March.
Company Info
BusinessDay Nigeria
BusinessDay is a prominent daily business newspaper in Nigeria, established in 2001 and headquartered in Lagos. It is notable for having a bureau in Accra, Ghana, making it the only Nigerian newspaper with such an international presence. As part of BusinessDay Media Ltd, the organization focuses on delivering comprehensive news and analysis on business, finance, and economic developments across Nigeria and Africa. The company offers a variety of services, including print and digital publications, which cater to professionals, investors, and policymakers interested in business insights. Additionally, BusinessDay organizes events and conferences that promote thought leadership in Africa's business landscape. With a workforce of around 173 employees, BusinessDay is recognized for its positive work environment, contributing to its reputation as a trusted source of business news and analysis.
Lagos, Nigeria
07013338794 , 01-2799101
Founded: 2001