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Petrol imports drop 42.2% as Dangote supply rises

Petrol imports into Nigeria declined by 42.2 per cent in January 2026, falling to an average of 24.8 million litres per day from 42.8 million litres per day in December 2025, according to a report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The report, released over the weekend, indicated that petrol supplied by […]

Business

PenCom raises equity limits across RSA funds

The National Pension Commission has raised the investment limits for ordinary shares across RSA Funds I, II, III and VI-Active, a step that could unlock nearly N1tn in potential inflows into Nigeria’s equities market, according to a new thematic report by CardinalStone Research. The report noted that the regulator said the move was aimed at […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote Refinery supplies 62% of Nigeria’s PMS, surpasses importers – Report

Thee Dangote Petroleum Refinery supplied about 62 per cent of Nigeria’s Premium Motor Spirit (petrol), surpassing fuel importers in January 2026. The latest fact sheet from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicates a growing reliance on local refining capacity, pointing to a potential decline in the nation’s dependence on imported fuel. The […]

Livestock sector can generate N33trn annually - FG
Business

FG, DBN, W’Bank partner to boost finance for livestock production

The Federal Government has teamed up with the Development Bank of Nigeria and the World Bank to boost livestock production by improving access to finance and providing capacity-building support for small and medium-sized enterprises. The initiative, part of the Livestock Productivity and Resilience Support programme, is being carried out in partnership with the Federal Ministry […]

RMAFC unveils revenue collection software
Business

RMAFC denies reports of oil wells transfer to states

The Revenue Mobilisation Allocation and Fiscal Commission has rejected a media report claiming that certain disputed crude oil and gas wells have been slated for transfer to specific oil-producing states, stressing that no such decision has been made. In a statement released on Sunday, RMAFC Chairman Dr. Mohammed Shehu said the commission had noted a […]

Business

BPP trains over 800 officers in 2025/2026 capacity development programme

The Bureau of Public Procurement has successfully trained over 800 procurement officers through its 2025/2026 Mandatory Continuous Public Procurement Capacity Development Training Programme. The training, conducted at the PTDF Centre for Skills Development and Training in Port Harcourt, Rivers State, spanned two batches and was personally overseen by BPP’s Director-General, Dr. Adebowale Adedokun. At the […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

OpenAI hires OpenClaw creator Peter Steinberger

OpenAI CEO Sam Altman announced on Sunday that the creator of the viral AI agent OpenClaw is joining the company, and that the service will “be maintained as an open-source project within a foundation, with ongoing support from OpenAI.” Formerly known as Clawdbot and Moltbot, OpenClaw was launched last month by Austrian software developer Peter […]

Oil and Gas

NNPC partners Chinese firms to develop gas infrastructure

The Nigerian National Petroleum Company Limited has entered into a tripartite Memorandum of Understanding with China Gas Holdings Limited and Peiyang Chemical Singapore PTE Ltd., setting the stage for coordinated collaboration across key sectors of Nigeria’s natural gas value chain. The Managing Director of PCCS, Tim Tian, made this disclosure in a statement on Sunday, […]

News

Southern govs commiserate with Kano over Singer market inferno

The devastating fire incident at Singer Market in Kano State has drawn widespread sympathy and support from leaders across Nigeria. The Chairman of the Southern Governors’ Forum and Governor of Ogun State, Dapo Abiodun, has commiserated with the Government and people of Kano State over the incident. The inferno destroyed properties worth over ₦5 billion, […]

Finance

Reps probe non-release of ₦174.26bn agric intervention funds

The House of Representatives has commenced an investigation into the alleged non-release of N174.26 billion in agricultural intervention funds. The probe directs Ministries, Departments and Agencies as well as development partners to fully cooperate with the fact-finding exercise. The Chairman of the House Committee on Agricultural Production and Services, Bello Ka’oje, made this known in […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

100m Indians use ChatGPT weekly, says Sam Altman

India now has about 100 million weekly active ChatGPT users, placing it among OpenAI’s biggest markets worldwide, CEO Sam Altman said ahead of a government-backed AI summit. On Sunday, Altman highlighted ChatGPT’s rapid adoption in India in an article published by The Times of India, as OpenAI prepares to formally take part in the five-day […]

Why 7.5% VAT on diesel may disrupt fuel supply - NARTO
Business

NARTO raises alarm over ‘monopolistic’ tendencies in petroleum industry

The Nigerian Association of Road Transport Owners has called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to tackle what it termed “monopolistic tendencies” within the country’s midstream and downstream petroleum sector. Speaking at the association’s annual general meeting in Abuja over the weekend, NARTO President Yusuf Othman warned that monopoly practices are harmful […]

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