Again, Dangote Refinery increases petrol price to N1,175, diesel to N1,620
The Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS) to N1,175 per litre, up from N995, marking the third increase in a single week. Diesel prices were also adjusted to N1,620 per litre. The N180 jump in PMS within three days represents an 18.1% increase, reflecting rising costs in the domestic […]
Women-led businesses key to Nigeria’s $1trn economy – FG
The Federal Government has said that women-led businesses will play a major role in Nigeria’s plan to build a one-trillion-dollar economy. Jumoke Oduwole made this known during a high-level colloquium organised by the Federal Ministry of Industry Trade and Investment in Abuja. According to Oduwole, empowering female entrepreneurs will improve access to finance and markets, […]
Naira records second straight week of massive depreciation against US dollar
Nigeria’s currency, the Nigerian Naira, has recorded another week of decline against the United States Dollar in both official and parallel markets. Data released by the Central Bank of Nigeria showed the exchange rate dropped further at the end of the week. According to the figures, the naira closed at N1,393.26 per dollar compared to […]
21 vessels discharge fuel, food items at Lagos ports – NPA
The Nigerian Ports Authority has announced that 21 vessels are currently discharging fuel and food supplies at major Lagos ports. In its latest shipping bulletin, the agency confirmed that operations are ongoing at Apapa Port, Tin Can Island Port and Lekki Deep Sea Port. The ships are delivering aviation fuel, petrol, diesel, bulk gas and […]
PENGASSAN opens talks with FG over executive order 9
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has opened talks with the federal government to clarify issues in Executive Order 9 (EO9) and protect the interests of oil and gas workers. The union warned that any misstep in implementing the order could destabilize the sector and impact the broader economy. PENGASSAN […]
Oil revenue: Nothing wrong with Tinubu’s order – Chairman State Finance Commissioners
The Chairman of the Forum of State Commissioners for Finance, Akintunde Oyebode, has defended President Bola Tinubu over his directive on oil revenue remittance. Speaking on Arise Television, Oyebode said there was nothing negative about the Executive Order aimed at strengthening the oil and gas sector. He explained that the directive seeks to improve revenue […]
Oil, Gas Executive Order: Federation account belongs to all tiers of govt – Ex-PENGASSAN President, Esele
Former Peter Esele, ex-president of PENGASSAN, has stated that the federation account is a collective resource that belongs to all tiers of government, not just one level. He made this remark while reacting to debates surrounding the new oil and gas executive order. He explained that revenue generated from natural resources is constitutionally meant to […]
Naira records highest depreciation against US dollar
The Nigerian currency has fallen to its weakest level yet against the US dollar, marking a new low that has raised fresh concerns among businesses and citizens. Analysts say the sharp drop reflects ongoing pressure from foreign exchange demand, limited dollar supply, and economic uncertainties. Financial observers note that currency depreciation can increase the cost […]
Why Ogun 2026 budget increased by 58 percent – Commissioner for Finance
The Ogun State government has explained the reason behind its sharp budget increase for 2026, saying the rise reflects strong economic growth and deliberate reforms. The Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, stated during a media briefing in Abeokuta that the approved ₦1.669 trillion budget shows the state’s improving financial strength and […]
BUA Group Chairman, Abdul Samad Rabiu calls for shift from extraction to value addition
The Chairman of BUA Group, Abdul Samad Rabiu, has called for a major shift in Nigeria’s economic strategy, urging the country to move away from raw material extraction and focus more on value addition. He said Nigeria must begin processing its natural resources locally instead of exporting them in their raw form. Rabiu explained that […]