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Business

Dangote Refinery Listing Could Double Nigeria Market Value

Bismarck Rewane says a Dangote Refinery listing could more than double Nigeria’s stock market value, marking a defining moment for the Nigerian Exchange.
Business

BlackRock Assets Reach $14 Trillion After GIP Deal

BlackRock said assets under management reached $14 trillion after record inflows, underscoring strong demand for its ETFs, cash products and infrastructure investments.
News

Petrol Imports Dominate Nigeria Despite Rise In Local Refinery Output

Nigeria relied on imported petrol for 62% of fuel in 2025, with local refineries supplying only 38 percent of demand.
Business

Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply...
Business

CBN Sees Nigeria Petrol Prices Rising Toward ₦950 in 2026

Nigeria’s central bank says petrol prices could average about ₦950 per litre in 2026, reflecting oil price assumptions, exchange rate trends and refining capacity.
News

Dangote Refinery Sells Petrol Directly To Marketers After Depot Deal Fails

Dangote cuts petrol price, sells directly to independent marketers after depot deal fails, aiming to ease fuel supply issues.
Business

Dangote Refinery Warns of Steep Petrol Price Surge

Dangote Refinery says petrol prices could hit ₦1,400 per litre without domestic refining, warning that heavy import reliance leaves Nigeria exposed to sharp fuel cost swings.
Business

Nigeria Petrol Price War Deepens as MRS Pushes Cuts

Aggressive fuel discounts by MRS Oil following Dangote refinery cuts are forcing NNPC and rivals to slash prices, intensifying competition across Nigeria’s petrol market.
Business

Nigeria Petrol Supply Rises Despite Dangote Refinery Falling Short

Nigeria’s fuel regulator says petrol supply increased in November despite lower than expected output from the Dangote Refinery, with imports accounting for most of the surge.
Business

Motorists Urge Dangote Refinery to Expand Cheap Petrol Outlets

Drivers in Abuja urge Dangote Refinery to expand affordable petrol outlets after limited MRS stations hinder access to N739 per litre fuel.
News

Dangote NMDPRA Dispute Sparks Call for Strong Institutions

Nigeria’s oil workers union urges stronger institutions as tensions between Dangote Group and the petroleum regulator raise governance concerns.
News

Dangote Slashes Fuel Price, Demands Nationwide Compliance at MRS Stations

KEY POINTS Dangote Refinery has set a new petrol price of ₦739 per litre...
Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...
News

Dangote Lowers Petrol Prices, Fuel Importers Face Billions in Losses

Dangote’s petrol price cut has triggered a price war, cutting pump prices but causing huge losses for importers and fuel marketers.
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Business

Dangote Refinery Listing Could Double Nigeria Market Value

Bismarck Rewane says a Dangote Refinery listing could more than double Nigeria’s stock market value, marking a defining moment for the Nigerian Exchange.
Business

BlackRock Assets Reach $14 Trillion After GIP Deal

BlackRock said assets under management reached $14 trillion after record inflows, underscoring strong demand for its ETFs, cash products and infrastructure investments.
News

Anambra Shuts Onitsha Main Market Over Sit-At-Home Defiance

Anambra State shut Onitsha Main Market for one week after traders defied the Monday sit-at-home order, escalating efforts to restore normal economic activity.
News

NNPC, Chevron Confirm Hydrocarbon Discovery at Awodi-07 Well

NNPC confirmed hydrocarbons at Chevron Nigeria’s Awodi-07 well, calling the offshore Niger Delta discovery a milestone for their joint venture and Nigeria’s energy strategy.

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