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Finance & Economy

FAAC Disburses N2.001trn July Revenue To FG, States, LGAs

Finance & Economy·News·Nigeria·Top Stories

FG, States, LGs Share N1.894 Trillion Federation Allocation for February

The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.894 trillion to the three tiers of government for February 2026, the Federal Ministry of Finance announced on Friday. Out of a gross revenue of N2.230 trillion collected during the month,

March 13, 2026

Business·News·Nigeria·Oil & Gas·Top Stories

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

President Bola Tinubu has inaugurated a Presidential Petroleum Reform and Value Optimisation Taskforce to plan the next stage of reforms in Nigeria’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder of the Fate Foundation, was appointed chairman of

March 13, 2026

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

News·Nigeria·Oil & Gas·Top Stories

Dangote Explains Petrol Price Increase to 1,175 Naira Per Litre

Dangote Petrochemical Refinery has increased the ex-depot price of petrol to 1,175 naira per litre, reversing a 100-naira reduction announced earlier in the week, as a surge in global crude prices raises refining costs, a refinery official said on Friday. The refinery

March 13, 2026

Minister Urges SEC to Tighten Cryptocurrency Oversight, Ensure Market Integrity

Finance & Economy·News·Top Stories

FG Assesses Impact of Middle East Tensions on Nigeria’s Economy

The Federal Government says it is closely monitoring escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran, as part of efforts to safeguard Nigeria’s economic stability. In a statement issued on Wednesday by the Federal Ministry of

March 11, 2026

Agro-Economy·Business·FEATURES

Hormuz Disruption Exposes Hidden Risk to Global Food Supply as Fertiliser Markets Tighten

The escalating disruption around the Strait of Hormuz is sending shockwaves through global commodity markets. While much of the immediate attention has focused on oil prices, analysts warn that a quieter but potentially more consequential crisis is unfolding in fertiliser markets one

March 11, 2026

Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

News·Oil & Gas·Top Stories

Dangote Refinery Cuts Petrol Price by ₦100, Diesel by ₦190

The Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦100 per litre, while also lowering the price of Automotive Gas Oil (AGO), or diesel, by ₦190 per litre. In a new pricing

March 10, 2026

News·Oil & Gas·Top Stories

Dangote Refinery CEO Warns Global Oil Shortage Could Be Worse Than $120 Crude

The Chief Executive Officer of the Dangote Refinery, David Bird, has warned that a potential global oil supply shortage could pose a greater threat to economies than the recent surge in crude oil prices. Speaking during a media briefing on rising fuel

March 10, 2026

Rebasing Nigeria's GDP Inflation and Impact on Economy

Business·FEATURES·Finance & Economy·Nigeria·Top Stories

9 Economic Signals Investors Are Watching in Nigeria Right Now

Nigeria’s economy is showing signs of recovery as of March 2026, following reforms introduced in 2023. Q4 2025 GDP growth hit 4.07%, while inflation has eased for ten consecutive months, reaching 15.1% in January 2026. Investors are keeping a close eye on

March 10, 2026

Centre For Investigative Reporting Sues OpenAI, Microsoft Over Copyright Infringement

FEATURES·Nigeria·Startup·Top Stories

7 Things to Know About Microsoft and TeKnowledge’s Plan to Train 10,000 Nigerians in AI

In early March 2026, Microsoft and TeKnowledge, a Nigerian technology services company, announced the next phase of their AI National Skilling Initiative in Lagos. The program aims to equip Nigerians with practical AI skills, strengthen workforce readiness, and advance the country’s position

March 10, 2026

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Finance & Economy·News·Nigeria·Oil & Gas·Top Stories

Why Domestic Refineries Cannot Completely Insulate Fuel Prices – CPPE

Domestic refineries cannot completely insulate Nigeria from rising fuel prices because crude oil used for refining is priced according to international market benchmarks, an economic policy group said Monday. The Centre for the Promotion of Private Enterprise (CPPE) said in a policy

March 9, 2026

News·Oil & Gas·World News

Japan Prepares Possible Strategic Oil Reserve Release Amid Middle East Supply Risks

Japan has begun preparations for a possible release of crude oil from its strategic petroleum reserves as concerns mount over disruptions to Middle East energy supplies. Government authorities have instructed the Shibushi national oil storage facility in Kagoshima Prefecture to prepare for

March 9, 2026

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Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

6 Things Nigerians Should Know About the Current Oil Market Trends

The global oil market is once again at the centre

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

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Finance & Economy

FG, States, LGs Share N1.894 Trillion Federation Allocation for February

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

Dangote Explains Petrol Price Increase to 1,175 Naira Per Litre

FG Assesses Impact of Middle East Tensions on Nigeria’s Economy

Hormuz Disruption Exposes Hidden Risk to Global Food Supply as Fertiliser Markets Tighten

Dangote Refinery Cuts Petrol Price by ₦100, Diesel by ₦190

Dangote Refinery CEO Warns Global Oil Shortage Could Be Worse Than $120 Crude

9 Economic Signals Investors Are Watching in Nigeria Right Now

7 Things to Know About Microsoft and TeKnowledge’s Plan to Train 10,000 Nigerians in AI

Why Domestic Refineries Cannot Completely Insulate Fuel Prices – CPPE

Japan Prepares Possible Strategic Oil Reserve Release Amid Middle East Supply Risks

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FG, States, LGs Share N1.894 Trillion Federation Allocation for February

Kosofe LG Chairman Denies Assault on Journalist, Blames Political Opponents

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

Cuba Signals Readiness for Dialogue with United States

6 Things Nigerians Should Know About the Current Oil Market Trends

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

FG, States, LGs Share N1.894 Trillion Federation Allocation for February

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