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Demand surges as Nigeria’s March bond auction oversubscribes

Nigeria's March FGN bond auction drew N931.5 billion in bids against a N750 billion offer, a 4.28 percent oversubscription.
News

Nigeria’s oil exploration plunges 45 percent in February

Nigeria's oil exploration contracted sharply in February 2026, with active rigs falling 45 percent to 22 from 40 in January.
Business

Dangote Plans to List Up to 10 Percent of Refinery Shares

Aliko Dangote plans to list refinery shares and expand output to 1.4 million barrels per day through global partnerships and investment.
News

SERAP Demands Probe Into Missing N500bn Oil Funds

SERAP has asked the Nigerian National Petroleum Company Limited to account for a missing N500 billion and involve anti-corruption agencies in investigating the matter, citing a World Bank report.
Business

NNPC and Dangote Collaboration to Boost Nigeria’s Oil Sector

Following a months-long standoff, NNPC and Dangote refinery have finally agreed to work together to achieve Nigeria’s energy security and economic development.
Business

NNPC Announces Petrol Price Reduction Across Major Nigerian Cities

KEY POINTS NNPC reduces petrol prices to N880/litre in Lagos and N935/litre in Abuja, marking the first...
News

President Tinubu Appoints Ojulari as New NNPC Group CEO

KEY POINTS President Tinubu replaces NNPC's entire leadership team, appointing Bayo Ojulari to drive...
News

All You Need to Know About New NNPC GCEO Ojulari

KEY POINTS President Tinubu’s dissolution of NNPCL’s board and appointment of Ojulari underscores a...
Business

NNPC Denies Terminating Crude Oil Deal with Dangote Refinery

KEY POINTS NNPC clarified that its six-month crude oil sales agreement with Dangote Refinery...
News

Marketers Face Losses as Dangote Refinery Slashes Fuel Prices

The reduction of PMS price to N890 causes concern for marketers at Dangote refinery.
News

Petrol Crisis Worsens as Stations Run Dry

The petrol shortage crisis in Nigeria worsens with more stations closing and prices soaring. Long queues and high costs hit Lagos and Abuja hard.
News

Petrol Imports from Malta Surge 342% Amid Dangote, NNPC Rift

Nigeria's petrol imports from Malta have surged by 342% amid a rift between Dangote and NNPC. The increase underscores the need for reforms in the energy sector.
News

NNPC Holds 7.2% Stake in Dangote Refinery, Not 20%: Dangote

Aliko Dangote reveals that NNPC holds a 7.2% stake in the Dangote Refinery, correcting earlier reports of a 20% stake and highlighting the project's significance.
News

Nigeria’s Gas Exports Drop 25% Amid Low Output and Market Exits

Nigeria's gas exports have fallen by 25% due to low production and market exits, posing significant challenges for the economy and its global energy market role.
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News

Demand surges as Nigeria’s March bond auction oversubscribes

Nigeria's March FGN bond auction drew N931.5 billion in bids against a N750 billion offer, a 4.28 percent oversubscription.
News

Nigeria’s oil exploration plunges 45 percent in February

Nigeria's oil exploration contracted sharply in February 2026, with active rigs falling 45 percent to 22 from 40 in January.
News

Nigeria brings home 1,230 citizens stranded in Niger

Nigeria's Federal Government brought home 1,230 stranded citizens from Niger in March 2026, completing the evacuation in two airlifts.
News

OO Poly Aba launches EdTech and anti-drug drive

Ogbonnaya Onu Polytechnic Aba plans to introduce Educational Technology courses and partner with the National Drug Law Enforcement Agency to curb student substance abuse, Rector Christopher Okoro Kalu announced this week.

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