Nigerian crude oil prices surged in Asian trade on Thursday, with Brass River trading at $113 per barrel, significantly higher than Brent crude, which dipped below $95 per barrel.
The Securities and Exchange Commission (SEC) has proposed a minimum paid-up share capital of ₦7.5 billion for Free Trade Zone Entities (FTZEs) seeking to raise funds from Nigeria’s capital market.
The Dangote Petroleum Refinery exported about 434 million litres of petrol in March 2026, after producing more than domestic demand, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Nigeria Deposit Insurance Corporation (NDIC) has begun the final liquidation of 89 failed microfinance and mortgage banks, following their acquisition by new investors.
Three West African countries, Benin, Togo, and Niger, owe Nigeria about $9.55 million for electricity supplied in the last quarter of 2025, according to the Nigerian Electricity Regulatory Commission (NERC).
