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GenCos Await Payment Despite N501bn Bond Approval

Three months after the Federal Government issued a ₦501bn bond to settle longstanding electricity debts, power generation companies (GenCos) say they have yet to receive any payment.

Operators Warn of Collapse if Aviation Fuel Hits N3,000

Nigeria’s airlines are bracing for a sharp rise in airfares after the cost of aviation fuel (Jet A1) surged by more than 100%, driven by the Middle East crisis that has disrupted global crude oil supply.

FX Trades Push FMDQ Turnover to N60.77trn

Nigeria’s financial markets opened 2026 with strong momentum as FMDQ Group recorded a total turnover of ₦60.77tn in January, driven largely by foreign exchange activity.

NLC Demands Merger of Petroleum, Power Ministries

The Nigeria Labour Congress (NLC) has rejected the Federal Government’s proposed ₦6tn bailout for power generation companies (GenCos), calling it a short-term fix that fails to address Nigeria’s chronic electricity crisis.

Dangote Raises Petrol Price to N1,245/Litre

The Dangote Petroleum Refinery has announced a fresh increase in petrol prices, raising Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, effective midnight, March 21, 2026.

FG Pushes $20bn Nigeria-Europe Gas Pipeline Plan

The Federal Government has advanced plans for a $20bn transcontinental gas pipeline designed to deliver Nigeria’s natural gas to European markets.