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Nigerians owe N2.06 trillion in personal loans as borrowing to survive overtakes borrowing to invest

Personal loans held by Nigerians rose to about N2.06 trillion in May 2026, CBN data shows, as households increasingly borrow to cope with rising living costs.
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NYSC kidnap: Ransom drops from N1 billion to N100 million as police say camp is mined with IEDs

Kidnappers holding 20 prospective corps members in Imo State have cut their ransom from N50 million to N5 million each as parents report the captives are being beaten.
Business

Dangote offers to build East Africa a refinery matching his Lagos plant

Aliko Dangote has offered to build a refinery in Tanzania matching his 650,000-barrel-per-day Lagos plant, with Kenya and Uganda already in talks on the project.
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NNPC ships eight crude cargoes to Dangote refinery in April

NNPC Trading shipped more than 1.03 million metric tons of crude, about 6.8 million barrels, to Aliko Dangote's Lekki refinery across eight April cargoes.
Business

Nigeria exports 55.39m barrels as Dangote chases feedstock

Nigeria exported 55.39 million barrels in the first two months of 2026 as the Dangote refinery scrambled for feedstock and leaned on imported crude.
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Dangote refinery makes Nigeria a net petrol exporter

Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.
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TUC warns petrol could hit N2,000/litre, urges Tinubu to redirect crude windfall to refineries

Nigeria's labor union is sounding the alarm on fuel prices, warning they could hit N2,000 per liter without immediate government action.
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Dangote Refinery Denies Fresh Petrol Price Hike

KEY POINTS Dangote Refinery denied reports of a fresh petrol and diesel price increase,...
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Nigeria Transporters, Commuters Decry Rising Fuel Prices Amid Middle East War

Transporters and commuters say high petrol prices are worsening hardship, despite reports that Dangote Refinery has reduced its gantry price.
Business

Dangote Refinery Slashes Petrol Price by ₦100 to ₦1,075 per Litre Amid Falling Global Oil Prices

KEY POINTS Dangote Refinery reduced petrol price by ₦100, bringing the ex-gantry rate down...
Business

Dangote Refinery Raises Petrol Ex-Depot Price to N1,175

KEY POINTS Dangote Refinery increased its petrol ex-depot price to N1,175 per litre and...
Business

Dangote Refinery Taps Three Banks for Record NGX Listing

Dangote Refinery has appointed three investment banks to lead what analysts say could become Africa's biggest-ever stock market listing.
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.
News

Nigeria Cuts Cooking Gas Imports As Local Plants Supply 87%

Nigeria produced 87 percent of its cooking gas in 2025 as local refineries cut imports and improved supply nationwide.
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News

Nigerians owe N2.06 trillion in personal loans as borrowing to survive overtakes borrowing to invest

Personal loans held by Nigerians rose to about N2.06 trillion in May 2026, CBN data shows, as households increasingly borrow to cope with rising living costs.
News

NYSC kidnap: Ransom drops from N1 billion to N100 million as police say camp is mined with IEDs

Kidnappers holding 20 prospective corps members in Imo State have cut their ransom from N50 million to N5 million each as parents report the captives are being beaten.
News

Suspected Boko Haram terrorists kill 15 farmers gathering firewood in Borno’s Marte area, three still missing

Suspected Boko Haram terrorists have killed 15 farmers working their fields and gathering firewood in Marte, Borno State, with police searching for three still missing.
News

N50 million each: Families of 19 abducted NYSC graduates face N950 million ransom demand

Kidnappers are demanding N950 million, or N50 million each, for 19 prospective corps members abducted on the Owerri-Onitsha Road in Imo State on Thursday.