Dangote Refinery has reversed its recent fuel price increase, slashing the ex-gantry price of Premium Motor Spirit (PMS) by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday.

The International Air Transport Association (IATA) has warned that global jet fuel supply may take months to recover even if the Strait of Hormuz reopens under the US‑Iran ceasefire agreement.

The Central Bank of Nigeria (CBN) has announced plans to recapitalise and restructure development finance institutions (DFIs) to address a widening funding gap for micro, small and medium enterprises (MSMEs).

Nigeria, Indonesia Commit to Trade, Investment Partnerships Nigeria and Indonesia have reaffirmed their commitment to strengthening bilateral relations, with a focus on economic cooperation, institutional partnerships, and sustainable development. The pledge came during a courtesy visit by Indonesia’s Ambassador to Nigeria,...

Nigeria’s downstream oil sector has received a boost as the Nigerian National Petroleum Company Limited (NNPC) doubled crude oil deliveries to the Dangote Petroleum Refinery in March, raising hopes of improved fuel availability.

When the Central Bank of Nigeria announced the successful completion of its latest banking recapitalisation exercise, the headline number was hard to ignore: ₦4.65 trillion raised by Nigerian banks ahead of the March 31, 2026 deadline.