•Dangote fuel trucks The Dangote Petroleum Refinery has announced a fresh hike in the price of Premium Motor Spirit (petrol), citing escalating global geopolitical tensions. In a notice sent to marketers last night and obtained by our correspondent, the refinery disclosed that its ex-depot (gantry) price had been raised from N1,175 per litre t...
•Janet Ayegbubusi The Nigerian fashion industry is one of the fastest growing sectors of the nation’s economy and employs millions of Nigerians, especially young people. The sector has gained world-wide recognition for its creativity and style and innovation. One of the people that are making the sector thick is Janet Ayegbubusi, the CEO of Ra...
•Fuel scarcity House of Representatives Committee on Petroleum Resources (Downstream) has raised fresh concerns over a looming increase in fuel prices, warning that Nigeria may soon witness a return of fuel scarcity and long queues if urgent measures are not taken. Following the recent escalation of the war in the Middle East, Nigeria has reco...
Nigeria’s current account surplus fell by 26 percent year-on-year (YoY) to $14.04 billion in 2025, down from $19.03 billion in 2024, the Central Bank of Nigeria (CBN) has disclosed in its 2025 Balance of Payments (BoP) report. The decline was largely driven by a fall in crude oil exports, increased crude oil imports by Dangote […]
Despite its status as Africa’s largest crude oil producer, Nigeria imported crude oil worth a staggering N5.734 trillion between January and December 2025 as domestic refineries grappled with persistent feedstock shortages, exposing a deepening supply paradox in the country’s oil sector. This comes in spite of the federal government’s much-pub...
•Foodstuffs market in Nigeria Nigeria’s annual food inflation rate reversed a six-month downward trend, rising to 12.2 per cent in February, from 8.89 per cent in January, driven by prices of beans, yam flour, cassava tuber, crayfish and other items. Similarly, the monthly food inflation rate reversed a two-month downward trend and rose to 4.6...
Nigeria is once again facing widespread electricity disruptions as reduced gas supply to thermal power plants has forced the national grid to operate far below capacity, deepening power outages across the country and placing fresh pressure on households and businesses. The Nigerian Independent System Operator (NISO) had confirmed that schedule...
•Nigerian Labour Congress Nigerian workers, under the aegis of the Nigeria Labour Congress (NLC), have voiced out its frustrations over the crisis rocking the Middle East, asking the federal government to come to the aid of Nigerians to cushion the adverse effect of the recent increment in petrol prices. It insisted that government must find [...
•Petrol station in lagos For millions of Nigerians, the current hike in petrol price is not just a market adjustment; it is a daily economic reality, reshaping transportation decisions, spending patterns, and the cost of living across the country. Commuters and transport operators have reported a surge in fares, reports Saturday Guardian. Abdu...
•Naira notes The Federation Account Allocation Committee (FAAC) has shared a total of N1.894 trillion as Federation Account revenue for February 2026 among the federal government, states and local government councils. This was disclosed in a statement issued yesterday by the Director of Press and Public Relations in the Office of the Accountan...

