The Dangote Petroleum Refinery has imported its first-ever crude cargoes from the United Arab Emirates, marking a significant expansion of its feedstock sources amid domestic supply challenges.

The Federal Competition and Consumer Protection Commission (FCCPC) has raised concerns over possible consumer exploitation in Nigeria’s downstream petroleum sector, noting that fuel prices have not declined significantly despite a sharp drop in global crude oil prices.

Nigeria exported about 148.9 million barrels of crude oil worth ₦20.22 trillion in the first five months of 2026, according to figures from the Central Bank of Nigeria (CBN).

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that domestic producers exported thousands of tonnes of Liquefied Petroleum Gas (LPG) and propane between January and May 2026, despite rising prices and shortages in Nigeria.

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a ₦500 million zero-interest Grow Fund to support micro, small, and medium enterprises (MSMEs).

The Centre for the Promotion of Private Enterprise (CPPE) has warned that the Senate’s call for a ban on textile imports could undermine industries worth an estimated ₦17 trillion and threaten millions of jobs.