AfCFTA, Customs Sign MoU to Ease Trade   The African Continental Free Trade Area Secretariat, the Nigeria Customs Service, and Bergmans Security Consultants and Supplies Limited have signed a Memorandum of Understanding to improve trade and customs operations across Africa. The agreement was signed on Wednesday in...

Dangote Cuts Petrol Price by Another N50   The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The latest adjustment represents a N50, or 4.4 per cent, reduction from the previous...

Nigeria Exports Hit $1.2bn Amid Rising Container Volumes   Nigeria’s export trade recorded a major boost between January and May 2026, with export value rising to $1.218bn as container throughput more than doubled during the period, according to the Nigeria Customs Service. The service said it processed...

Minister Pledges Improved Power Supply Before Year-End   The Minister of Power, Chief Joseph Tegbe, on Thursday assured Nigerians that electricity supply would improve significantly before the end of the year, saying the Federal Government was taking difficult but necessary decisions to reverse decades of underinvestment...

Dangote, Importers Clash as Petrol Stays Above N1,000   Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the Dangote Petroleum Refinery. As crude prices crashed to about $70 per barrel following the...

Nigerian Equities Market Loses N2.39trn in July’s Opening Session   The Nigerian equities market resumed its bearish trend to open trading activities for the month of July, as sustained selling pressure weighed on investor sentiment. The All-Share Index lost 3,729.11 points, representing a decline of 1.63 per...