Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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NMDPRA assures 74day aviation fuel sufficiency for airlines
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured the public of adequate aviation fuel supply across the country, dismissing reports of scarcity and inflated prices of Jet A1.
The regulator!-->!-->!-->!-->!-->…
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Tinubu assents to 2026 appropriation bill, 2025 budget extension
President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of N68.32 trillion.
The President also signed the bill extending the implementation period for the 2025 budget from!-->!-->!-->!-->!-->…
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Kaduna Is Investment-Friendly – Uba Sani Tells DPAN
Gov Uba Sani of Kaduna State
Governor Uba Sani has promised to support the Dangote Peugeot Automobiles Nigeria Limited (DPAN) because Kaduna State is the second subnational in the Ease of Doing Business ranking in Nigeria.
The!-->!-->!-->!-->!-->…
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Nigeria Retains ‘B’ Rating as Fitch Foresees Naira Depreciation
Credit rating agency, Fitch, has affirmed Nigeria’s Long-Term Foreign Currency Issuer Default Rating at ‘B’ with a stable outlook, while projecting depreciation for the Naira in the near term.
The decision underscores the country’s!-->!-->!-->!-->!-->…
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Oando Broadens Energy Portfolio, Joins African Energy Week 2026
Oando Energy has joined African Energy Week (AEW) 2026 as an Emerald Sponsor with compelling financial momentum after reporting a 10 per cent year‑on‑year rise in profit after tax to ₦241.3 billion in profit for the full year 2025.
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NCDMB, Seplat Firm up Plans for Take-off of Centre of Excellence at DELSU
Key Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met with principal officers of the Delta State University (DELSU), at Abraka, Delta State, on Monday to deliberate on critical!-->!-->!-->…
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When Buhari came, our borrowing was N13tn, when he left, it was N87trn, Now we are hitting N200trn —…
Peter Obi, a member of the African Democratic Congress ADC and former presidential candidate for the Labour Party LP in the 2023 election, has given his take on the hardships in the Nigerian economy.
Several Nigerians have taken to!-->!-->!-->!-->!-->…
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Nigeria’s oil recovery falls short of 1.5mbpd target
Nigeria recorded a rebound in crude oil production in March, but continued to fall short of its 1.5 million bpd output target.
Latest data from the Organization of the Petroleum Exporting Countries (OPEC) shows that Nigeria’s!-->!-->!-->!-->!-->…
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Nigeria’s electricity output increases to 4,300MW amid higher gas supply – FG
The Federal Government has announced that electricity generation increased from 3,951 megawatts (MW) to 4,300MW between March 28 and April 10, driven by improved gas supply to power plants.
This!-->!-->!-->!-->!-->…
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Fuel Prices Up By 50%, Diesel 70% as Global Oil Shock Hits Nigerian Economy
Nigeria’s domestic fuel market has come under renewed pressure following the escalation in global oil prices with petrol and diesel costs recording sharp increases that are already impacting households and businesses across the!-->!-->!-->…
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