The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday convened stakeholders and marketers following several reactions to its proposed Prevention of Anti-Competitive Practices […]
Category: Economy
FG to deploy 300 containers of power equipment for nationwide transmission upgrades
The Minister of Power, Mr Joseph Olasunkanmi Tegbe, has disclosed that the Federal Government will deploy and install 300 containers of critical power equipment to […]
NMDPRA threatens licence revocation for petrol stations under-dispensing products
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 […]
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 […]
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 […]
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 […]