Oil Royalties Increase by 88% Amid Govt's Revenue Boost   Oil and gas royalty collections by the Nigeria Revenue Service surged by N220.09bn in February 2026, a sharp increase of 87.6 per cent compared to January, following the implementation of Executive Order 9 mandating the centralisation...

Dangote Refinery Disputes Claims on Seven Cargo Allocation   Officials of the Dangote Petroleum Refinery are unaware of claims that seven crude cargoes have been allocated to it in May by the Nigerian National Petroleum Company Limited (NNPCL). Senior officials at the refinery told our correspondent that,...

Tinubu Appoints Aliyu as PTDF Boss, Renews Abdulaziz’s Appointment as TCN Head President Bola Ahmed Tinubu has appointed Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF). He replaces Ahmed Galadima Aminu, who recently resigned to participate in the...

Manufacturers Grapple with 60% Lending Rates Despite CBN Easing Measures Manufacturers in Nigeria continue to face borrowing costs as high as 60 per cent despite recent monetary policy easing by the Central Bank of Nigeria, new data from the apex bank shows. The figures, detailing lending...

Brent Crude Drops to $101 Amid US Withdrawal from Iran Oil prices slumped on Wednesday amid reports that the United States would be “out of Iran pretty quickly” and could return for “spot hits” if needed. President Donald Trump told Reuters on Wednesday about the planned...

World Bank Approves $500m Credit to Boost Nigeria’s Agriculture The World Bank has approved a $500m International Development Association credit to boost Nigeria’s agricultural sector under a new programme targeting smallholder farmers, value chains, and food security. The funding will suppo_rt the Nigeria Sustainable Agricultural Value...