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Port Harcourt Refinery Supplies Diesel Despite 7-Month Shutdown

The Port Harcourt Refining Company has been supplying diesel to fuel marketers despite being shut down for maintenance since May 24, 2025.

JUST IN: Otedola Sells Geregu Power Shares for N1trn

Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc.

JUST IN: Again, Power Supply Disrupted as National Grid Collapses

According to data obtained from the Nigerian Independent System Operator (NISO), the power generation dropped from 2,052.37 megawatts to 139.92MW between 2pm and 3pm.

FAAC Probes Road Tax Scheme Over Poor Responses

FAAC Probes Road Tax Scheme Over Poor Responses The Federation Account Allocation Committee (FAAC) is investigating the Road Infrastructure Tax Credit Scheme due to poor responses from participating companies. Only three out of seven companies have provided required details on their involvement and expenditure. "The Sub-Committee had...

Fuel Price Competition Will Benefit Nigerians – NNPC

The Group Chief Executive Officer of NNPC, Bayo Ojulari, has assured Nigerians that the ongoing price competition in the downstream petroleum sector will ultimately benefit consumers.

FX Reserves Grow 10.75% in One Year

Nigeria's external reserves grew by $4.39bn between December 23, 2024, and December 23, 2025, according to data from the Central Bank of Nigeria (CBN).