The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned petrol station operators nationwide that persistent or serious cases of under-dispensing could lead to […]
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Experts: FG tariff freeze could deepen electricity market revenue pressure
The Federal Government’s decision not to increase electricity tariffs in the immediate term could leave Nigeria’s electricity market facing a persistent revenue shortfall, as DisCos […]
Dangote signs $450 million deal with Engineers India to build Kenya refinery
Dangote Group has signed a deal worth more than $450 million with Engineers India Ltd. (EIL) to oversee the development of its planned 700,000-barrels-per-day greenfield […]
Oil falls to two-week low after Iran signals plans to re-open strait within seven days
Oil prices fell to a two-week low on Tuesday after Iran said it could reopen the Strait of Hormuz within seven days if the United […]
Bank stocks fuel NGX surge as market cap hits N162.68 trillion
Trading activity on the Nigerian Exchange Limited (NGX) closed on a strong note on Tuesday, driven by robust turnover in financial sector equities. Investors traded […]
Nigeria Customs floors Laurium Mining Company as Court dismisses N34 million import waiver suit
The Federal High Court, Abuja, has dismissed a N34 million amended suit filed by Laurium Mining Company Limited against the Nigeria Customs Service Board and […]
Obi Can’t Win 2027 Polls – Umahi Declares, Gives Reason
Minister of Works David Umahi has dismissed Peter Obi’s chances of winning the 2027 presidential election. According to the former Ebonyi State governor, stronger political […]
CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income
Nigeria’s equities market could see stronger investor demand following the Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis […]
Akpabio Speaks on Assuming Power As Acting President Following Tinubu’s Absence
Senate President Godswill Akpabio has rejected claims that he is serving as Nigeria’s Acting President while President Bola Tinubu remains abroad and Vice-President Kashim Shettima […]
Refined fuel exports jump 66%, lifting current account surplus to $7.5 billion
Refined petroleum product exports rose by 66.24% in the second quarter of 2026, helping to push Nigeria’s current account surplus to $7.54 billion. Data analysed […]