Hafsat Ibrahim

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Dangote Refinery Exports Over 600 Million Litres to Five Africa Countries

The Dangote Petroleum Refinery has expanded its regional footprint with the export of 12 cargoes of refined petroleum products, totalling 456,000 tonnes (about 608 million litres), to five African countries.

CBN Sets Course for Single-Digit Inflation

The Central Bank of Nigeria (CBN) says it is on track to reduce inflation to single digits as part of its transition to an inflation-targeting monetary policy framework.

GenCos Await Payment Despite N501bn Bond Approval

Three months after the Federal Government issued a ₦501bn bond to settle longstanding electricity debts, power generation companies (GenCos) say they have yet to receive any payment.

Operators Warn of Collapse if Aviation Fuel Hits N3,000

Nigeria’s airlines are bracing for a sharp rise in airfares after the cost of aviation fuel (Jet A1) surged by more than 100%, driven by the Middle East crisis that has disrupted global crude oil supply.

FX Trades Push FMDQ Turnover to N60.77trn

Nigeria’s financial markets opened 2026 with strong momentum as FMDQ Group recorded a total turnover of ₦60.77tn in January, driven largely by foreign exchange activity.

NLC Demands Merger of Petroleum, Power Ministries

The Nigeria Labour Congress (NLC) has rejected the Federal Government’s proposed ₦6tn bailout for power generation companies (GenCos), calling it a short-term fix that fails to address Nigeria’s chronic electricity crisis.
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