Bonga Project Approval to Unlock $20bn Oil Investments - FG President Bola Tinubu has approved a targeted fiscal incentive package aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater project, a development expected to attract about $20bn in foreign direct investment into Nigeria’s oil and...

Crude Export Drop Pushes Trade Surplus Down to N1.7tn Nigeria’s merchandise trade surplus fell sharply to N1.71tn in the fourth quarter of 2025, down from N3.42tn recorded in the corresponding period of 2024, as declining crude oil exports and rising imports narrowed the country’s positive...

CBN Extends Deadline for Banks’ Anti-Money Laundering Compliance The Central Bank of Nigeria has given Deposit Money Banks 18 months to fully comply with its new baseline standards for automated anti-money laundering solutions, while other financial institutions have 24 months from March 10, 2026, to...

The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week.

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPC), has begun sourcing crude oil from international traders to sustain operations at the Dangote Petroleum Refinery, amid mounting fuel price hikes.

‎OPL 245 Settlement Will Reposition Nigeria’s Economy - AGF ‎ ‎The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has said the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245 will strengthen Nigeria’s fiscal position and reposition the country’s economy. ‎ ‎Fagbemi made...