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...

Sugar Production: NSDC, BOI Establish N10bn Fund to Support Greenfield Project Development The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have established the Sugar Project Acceleration Fund (SPAF) as part of efforts to support the emergence and advancement of greenfield projects...

‎Hormuz Crisis Raises Alarm for Nigeria, S/Arabia as Global Oil Lifeline Faces Disruption ‎ ‎Rising tensions in the Middle East have placed the strategic Strait of Hormuz at the centre of a growing global economic concern, with analysts warning that a prolonged disruption could trigger severe...

30 Banks Hit Recapitalisation Target Ahead of March Deadline   Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday. The CBN said the recapitalisation exercise, launched in 2024 to strengthen...