Dangote Refinery Cuts Petrol Price to N699/Litre The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. Real-time market data published on Petroleumprice.ng on Friday showed that the refinery implemented another major downward review, cutting...

Local Refining Boom Cuts Petrol Imports by N6trn   Nigeria’s petrol import bill fell sharply in the first nine months of 2025, dropping by N6.07tn compared with the same period of 2024, according to an analysis of National Bureau of Statistics trade data. The value of imported...

Trade Surplus Hits N6.69trn as Nigeria's Exports Shine   Nigeria recorded a trade surplus of N6.69tn in the third quarter of 2025, at a 27.29 per cent growth rate, continuing a trend of trade surpluses. Stakeholders attribute the consistent positive performance to the economic reforms in...

Nigerian Banks Strengthen Capital Base Amid CBN Regulatory Push   Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria (CBN) intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system. Nigeria’s banking system remains stable and...

Report Reveals Oil Output Rose by 35,000bpd in November   Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries (OPEC) members in November 2025, pumping 1.436 million barrels per day, up from 1.401 mbpd in October, according to the...

Equity Market Rebounds, Gains N694bn   The Nigerian Exchange (NGX) closed Thursday on a strong note, rebounding with a N694bn gain after a week of losses as investors returned to the market, driving selective gains across key sectors. The NGX All-Share Index rose by 1,088.61 points, or...