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Dangote Refinery Cuts Fuel Price to N1,200/litre

Dangote Refinery has reversed its recent fuel price increase, slashing the ex-gantry price of Premium Motor Spirit (PMS) by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday.

Jet Fuel Recovery Will Take Months Despite Hormuz Reopening – IATA

The International Air Transport Association (IATA) has warned that global jet fuel supply may take months to recover even if the Strait of Hormuz reopens under the US‑Iran ceasefire agreement.

CBN Plans DFI Recapitalisation to Bridge MSME Credit Gap

The Central Bank of Nigeria (CBN) has announced plans to recapitalise and restructure development finance institutions (DFIs) to address a widening funding gap for micro, small and medium enterprises (MSMEs).

NNPC Doubles Crude Supply to Dangote Refinery

Nigeria’s downstream oil sector has received a boost as the Nigerian National Petroleum Company Limited (NNPC) doubled crude oil deliveries to the Dangote Petroleum Refinery in March, raising hopes of improved fuel availability.

Eight GenCos Sign N3.3trn Bailout Deal

Eight of Nigeria’s largest power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc, have signed onto President Bola Tinubu’s ₦3.3 trillion debt settlement programme, aimed at restoring liquidity to the electricity sector. 

TCN Upgrades Alaoji–Onitsha Line to Boost South East Power

The Transmission Company of Nigeria (TCN) has begun upgrading the 138km Alaoji–Onitsha 330kV transmission line, a project aimed at boosting electricity supply in the South East.