3 months ago
Nigerian Fuel Marketers Urge Review of Petrol Import Licences as Costs Rise
Nigeria’s independent fuel marketing industry is pressing regulators to reassess newly issued petrol import approvals, arguing…
3 months ago
Nigeria’s Petrol Imports Surge 207% as Daily Consumption Reaches 50.6ML/D
Nigeria’s petrol supply chain saw a sharp shift in June 2026, with Premium Motor Spirit (PMS)…
3 months ago
Nigeria’s LPG cooking-gas imports surge 1,400% as prices fall in 2026
Imports of liquefied petroleum gas—commonly referred to as cooking gas—rose dramatically in Nigeria in June 2026,…
3 months ago
Naira Extends Gains as CBN Rate Hits 1,380.19 per Dollar
The naira strengthened further against the US dollar on Friday at Nigeria’s official foreign exchange market,…
3 months ago
Middle East Tensions Lift Brent and WTI by Over 4% Toward $90
Global crude oil prices surged on Friday, lifting both benchmark grades by more than four percent…
3 months ago
Dangote Refinery Resumes Dollar Sales as MRS Stations Close Over Fuel Shortage
Multiple MRS fuel stations in Abuja were closed for two days after refined petroleum product supplies—Premium…
3 months ago
Nigeria Targets Power Supply Gap With Diversification Plan, Minister Says
Minister of Power Joseph Tegbe said President Bola Ahmed Tinubu’s administration is prioritising power-sector diversification as…
3 months ago
Nigerian Stocks Retreat as Investors Trim N32bn After Two-Day Rally
Investors pulled back on Thursday, cutting N32 billion from the Nigerian stock market after two straight…
3 months ago
Naira Gains for Second Straight Day as Dollar Rate Slips in Nigeria
The Nigerian naira edged higher against the dollar in the official foreign-exchange market on Thursday for…
3 months ago
CBN Tightens Rules for BDC FX Purchases, Launches Portal to Boost Liquidity
Nigeria’s central bank has released new rules governing how licensed bureaux de change can buy foreign…