Petrol Nears N1,400/Litre Following Dangote Price Adjustment    The pump prices of Premium Motor Spirit (petrol) are nearing N1,400 per litre in many parts of the country as the United States and Iran fail to agree on a ceasefire that should lead to the reopening of...

Rising Passenger Traffic Drags Air Cargo Demand Lower   Global air cargo demand suffered a setback in March 2026, falling by 4.8 per cent year-on-year, even as passenger traffic continued its upward climb with a 2.1 per cent increase over the same period. This is according...

Dangote Begins Jet Fuel Supply to Ethiopian Airlines, Others    The Dangote Petroleum Refinery and Petrochemicals said it has commenced a direct delivery of aviation fuel to Ethiopian Airlines amid the tightness caused by the US-Iran crisis. The Managing Director of Dangote Refinery, David Bird, said the...

FX Turnover Surge Lifts Naira Against Dollar   The naira rose against the US dollar at the Nigerian Foreign Exchange Market amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank of Nigeria. Dollar liquidity improved above international payment levels...

NGX Gains N5.55trn as Buying Spreads Across Sectors   The Nigerian Exchange Limited (NGX) witnessed a historic surge in investor wealth on Wednesday as market capitalisation crossed the N152tn milestone, bolstered by an aggressive wave of bargain hunting and first-quarter earnings optimism. The market valuation climbed by...

Fuel, Logistics Costs Push Food Prices Higher   The average cost of cooking a pot of jollof rice for a Nigerian family has risen by more than 40 per cent of the national minimum wage, highlighting deepening pressure on household incomes amid surging food and transport...