The Federal Government may spend about N2 trillion on electricity subsidies in 2026 as it maintains its position against an immediate increase in electricity tariffs. Minister of Power Joseph Tegbe
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Crude oil imports through Lagos ports fell by 38.6 per cent in September 2026, with 1,470,109 metric tonnes recorded during the month, compared with 2,392,354 metric tonnes imported in August.
Indigenous shipowners have called on major cargo owners, including the Dangote Group, to support local fleet development by offering long-term Contracts of Affreightment (CoAs) for petroleum products, cement, fertiliser and
Oil prices fell below the $100-a-barrel mark on Wednesday after US President Donald Trump described a three-hour meeting with Iran as “very good” and “very productive”, raising hopes that diplomatic
The Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent, a 350-basis-point reduction that has drawn mixed reactions from
Cybercrime is becoming a major business risk across Africa, with losses estimated at about $3 billion since 2019, raising fresh concerns over the security of Nigeria’s rapidly expanding digital economy.
The Dangote Petroleum Refinery and other petroleum marketers have reduced the prices of Premium Motor Spirit (PMS), commonly known as petrol, across major depots in Lagos, Port Harcourt, Calabar and
Fuel prices are rising again across Nigeria as higher global crude oil prices and continued disruption in international energy markets feed into domestic petrol and diesel costs. Petrol is now
Africa’s richest man, Aliko Dangote, says his company is targeting 10 million shareholders through the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals. Dangote disclosed this in
The Dangote Refinery’s share offer is drawing attention beyond Nigeria, with the Nairobi Securities Exchange exploring ways to bring Kenyan investors into the landmark deal. The public offer, which opened