NMDPRA Blames Fuel Price Hikes on Market Forces, Not Regulation
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says fluctuations in fuel pump prices are a direct result of market dynamics under Nigeria’s deregulated downstream petroleum sector. The authority’s…
DisCos generate N207bn from power bills in December — NERC
The Nigerian Electricity Regulatory Commission (NERC) says electricity Distribution Companies (DisCos) collected N207.49 billion from customers in December 2025. The regulator disclosed this in its December commercial performance factsheet published…
Women-led businesses key to Nigeria’s $1trn economy – FG
The Federal Government says empowering women-led enterprises is critical to achieving Nigeria’s one trillion-dollar economy target and strengthening the country’s competitiveness under the African Continental Free Trade Area (AfCFTA). Dr….
IMO: Strait of Hormuz Closure Strands 3000 Vessels, 20,000 Seafarers, Sparking Global Trade Disruptions
The International Maritime Organisation (IMO) says no fewer than 3,000 vessels and 20,000 seafarers are stranded in Middle East over the ongoing war by the U.S. and Israel against Iran….
Agribusiness: Bank of Agriculture supporting farmers with N250bn grant facility – FG
The Federal Government says it has granted a N250 billion facility to the Bank of Agriculture (BOA) to support smallholder farmers in Nigeria and providing them with access to credit…
Nigeria’s Dangote oil refinery issues tenders to sell gasoil and jet fuel, trade source says
Nigeria’s Dangote oil refinery has issued tenders to sell gasoil and jet fuel in March, a trade source said, citing a tender document summary. Dangote is offering up to 44,000…
Tinubu resolves OPL 245 dispute with ENI, unlocks deepwater investment
President Bola Tinubu on Thursday announced the successful conclusion of a settlement agreement between the Federal Government, Eni and Nigerian Agip Exploration Limited over Oil Prospecting Licence (OPL) 245. Tinubu…
NEPC reaffirms support for Nigerian exporters to EU market
The Nigerian Export Promotion Council (NEPC) has reiterated its commitment to guiding Nigerian exporters on regulatory standards required for agricultural and food products to enter the European Union market. Mrs….
12 states have enacted tax harmonisation law, says minister designate
The Minister of State for Finance Designate, Dr. Taiwo Oyedele disclosed on Wednesday in Abuja, that not fewer than 12 states of the Federation have enacted the Tax Harmonisation Law….
African supply chains under strain from Middle East conflict – Ramaphosa
South Africa’s President Cyril Ramaphosa said on Wednesday that the escalating conflict in the Middle East was already putting strain on the African continent’s supply chains and causing higher energy…