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NMDPRA urges Africa to adopt regional fuel pricing

  • 30th July 2026

Seplat sells 10% JV stake to NNPCL for

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BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

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Spain rejects emergency declaration despite migrant surge from Morocco 

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NMDPRA urges Africa to adopt regional fuel pricing benchmark

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Seplat sells 10% JV stake to NNPCL for $281.6m

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Resident doctors declare indefinite nationwide strike from August 10

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Naira trades at ₦1,360/$ in official FX market

The Naira maintained a steady yet cautious position against the United States Dollar as the market opened for trading today, Tuesday, April 28, 2026. Financial analysts are observing localised fluctuations in liquidity across both the official Nigerian Foreign Exchange Market and the parallel market segments. In the early trading hours of the official window, the […]

Aviation

FG orders 30-day credit for airlines amid aviation fuel crisis

To tackle Nigeria’s worsening jet fuel shortage and price surge, the Federal Government has asked marketers to grant airline operators a 30-day credit window and sell aviation fuel directly to them. The development is sequel to a series of high-level engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following an earlier meeting […]

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Dangote Refinery subsidises petrol, diesel for Nigerians, official reveals

A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum Refinery has been subsidising the petrol and diesel it supplies to the Nigerian market. According to the official, who spoke to The PUNCH in confidence due to the lack of authorisation to speak, the company’s N1,200 per litre ex-depot price […]

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Varsity workers reject 30% pay rise, threaten nationwide shutdown

The Federal Government has invited the leadership of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Universities and Allied Institutions to a meeting on Wednesday, April 29, 2026, in a bid to avert the looming strike by the two university-based unions, The PUNCH learnt exclusively on Monday. The strike threat […]

Business

Minister pledges collaborative approach to tackle housing deficit

The newly appointed Minister of Housing and Urban Development, Muttaqha Darma, has pledged to embrace a collaborative leadership style to tackle Nigeria’s housing deficit and enhance affordability nationwide. Speaking during the handover ceremony in Abuja on Monday evening, Darma said his administration would work closely with key stakeholders in the sector to deliver on its […]

Banking

Zenith Bank expands into Côte d’Ivoire, targets wider W’African growth

Zenith Bank Plc has formally launched operations at its new subsidiary in Côte d’Ivoire, marking a key milestone in the group’s strategy to expand its footprint across Francophone West Africa. According to a statement issued by the bank on Monday, the official commissioning of the Abidjan headquarters will draw a distinguished audience of regulators, diplomats, […]

Meta plans fourth AI overhaul in six months
Business

China blocks Meta’s $2bn acquisition of AI startup Manus

China’s chief economic planning body, the National Development and Reform Commission, announced on Monday that it has halted Meta’s $2 billion takeover of Manus, an agentic AI startup established by Chinese engineers that later moved its headquarters to Singapore before being acquired by Mark Zuckerberg’s company late last year. The decision represents one of Beijing’s […]

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NMDPRA sets aviation fuel price band for Lagos, Abuja

Nigerian Midstream and Downstream Petroleum Regulatory Authority on Monday, recommended that the price of Jet-A1, otherwise known as aviation fuel, should range between N1,760 and N1,988 per litre and N1,809 and N2,037 per litre in Lagos and Abuja. NMDPRA said the price band was arrived at following deliberations by a technical committee it convened on […]

Policy and Regulations

NGX fines 32 companies ₦562.6m over late financial filings

The Nigerian Exchange Limited has imposed a total of N562.6 million in penalties on 32 listed companies for delays in filing both audited and unaudited financial statements in the 2024/2025 financial year. This was disclosed in the updated X-Compliance Report published on April 24, 2026 by NGX Regulation Limited, showing the cumulative penalties spanning multi-year […]

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US dollar weakens as Middle East tensions ease slightly

The United States dollar weakened on Monday as shifting geopolitical signals from the Middle East tempered safe-haven demand ahead of a series of key central bank meetings expected later this week. The movement reflects a cautious market mood shaped by uncertainty around global growth, oil supply risks, and monetary policy direction in advanced economies. Reuters […]

Finance

Nigeria’s military spending jumps 55% amid rising insecurity — Report

Nigeria’s military expenditure surged sharply in 2025, rising by 55 per cent year-on-year to $2.1 billion, as worsening insecurity across the country forced increased defence spending. This is according to a new report by the Stockholm International Peace Research Institute. The report places Nigeria among the fastest-growing military spenders globally in 2025, highlighting how internal […]

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