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Iran Threatens Oil Tankers as $200/Barrel Price Risk Emerges Iran has declared that it will not allow a single litre of oil to pass through the Strait of Hormuz for the benefit of the United States, Israel, or their allies, warning that escalating tensions in the Middle East could push...

Bonga Project Approval to Unlock $20bn Oil Investments – FG

Bonga Project Approval to Unlock $20bn Oil Investments - FG President Bola Tinubu has approved a targeted fiscal incentive package...

Crude Export Drop Pushes Trade Surplus Down to N1.7tn

Crude Export Drop Pushes Trade Surplus Down to N1.7tn Nigeria’s merchandise trade surplus fell sharply to N1.71tn in the fourth...

CBN Extends Deadline for Banks’ Anti-Money Laundering Compliance

CBN Extends Deadline for Banks’ Anti-Money Laundering Compliance The Central Bank of Nigeria has given Deposit Money Banks 18 months...

Dangote Deserves Another National Honour, By Gidado A. Dauda

Dangote Deserves Another National Honour By Gidado A. Dauda Sometimes, a nation only realizes the true value of a bold vision...

Middle East War: Egypt Increases Fuel Prices by 30%

Egypt has raised domestic fuel prices by up to 30%, citing “exceptional” global energy pressures caused by the ongoing Middle East war, which has disrupted oil supplies and shipping routes.

FG Suspends $300 Helicopter Landing Levy for Two Months

The Federal Government has suspended the enforcement and collection of helicopter landing fees for oil and gas operations for an initial period of two months.

AfDB Launches Aviation Financing Platform to Unlock $25trn Opportunity

The African Development Bank Group (AfDB) has launched a new aviation financing platform to unlock investment in Africa’s fast‑growing air transport market.

Again, Dangote Refinery Increases Fuel Price to N1,175

The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week.

NNPC Revenue Declines to N2.57trn in January 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in revenue in January 2026, with earnings falling to N2.57 trillion from N4.82 trillion in December 2025.

NELFUND Disburses N206bn to Over 1 Million Beneficiaries

The Nigerian Education Loan Fund (NELFUND) has disbursed N206.29 billion in student loans to 1,164,222 beneficiaries since the launch of the scheme.

Global Equities Slide as Middle East Tension Intensifies

Global financial markets faced a seismic shock on Monday as the intensification of the conflict between the United States, Israel and Iran sent crude oil prices soaring above $120 per barrel.

FAAN Issues 100,000 Airport Access Cards After Tollgate Protest

The Federal Airports Authority of Nigeria (FAAN) has issued over 100,000 airport access cards to motorists as part of efforts to implement the Federal Government's cashless policy at airport tollgates.

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