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Dangote Refinery Accuses FG, NNPC of Crude Supply Sabotage

The Dangote Petroleum Refinery has accused the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) of deliberately sabotaging its operations by failing to supply adequate crude oil, an allegation both the government and NNPC strongly denied.

DisCos Collect ₦600bn in Q1 Despite Power Crisis

Electricity Distribution Companies (DisCos) collected about ₦597.55bn from consumers in Q1 2026, according to the Nigerian Electricity Regulatory Commission (NERC), despite persistent blackouts and sector challenges.

CBN Launches Initiative to Achieve 95% Financial Inclusion by 2028

The Central Bank of Nigeria (CBN) has unveiled the Nigeria Payment System Vision (PSV) 2028, a roadmap aimed at achieving 95% financial inclusion by 2028,

CBN Targets ₦2.83trn Cash Outside Banks Ahead of 2027 Polls

The Central Bank of Nigeria (CBN) has unveiled plans to bring ₦2.83 trillion currently outside the banking system into formal financial channels by 2028.

Power Crisis Persists Despite $3.6bn World Bank Loans

Electricity sector has received at least $3.65 billion in World Bank-backed funding since 2001, yet millions of households and businesses still face unstable power supply, frequent grid collapses, and heavy reliance on generators.

PMS Prices Jump 643% Since Subsidy Removal

The price of Premium Motor Spirit (petrol) in Nigeria has surged from ₦175 in May 2023 to ₦1,300 in May 2026, representing a 643% increase in three years.