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UK court freezes $40m assets of Nigerian oil

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UK court freezes $40m assets of Nigerian oil tycoon

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UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments exceed

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featured Oil and Gas

We cut fuel price to ease Nigerians’ burden — Dangote Refinery

The management of Dangote Petroleum Refinery has announced a latest price reduction aimed at easing the sufferings of Nigerians. The refinery made this known in a statement issued on Wednesday. It stated: “This decision underscores our commitment to maintaining a pricing structure that remains sensitive to global market trends and reflective of our principles of […]

Business

Access Bank boss urges deeper collaboration to boost intra-African trade

The Group Managing Director of Access Bank Plc, Mr. Roosevelt Ogbonna, has urged African policymakers, financiers and businesses to strengthen collaboration. He said this is essential to speed up intra-African trade and unlock the continent’s full economic potential. Ogbonna made the call yesterday while welcoming participants to the Africa Trade Conference 2026 in Cape Town, […]

Electricity

NERC orders registration, approval of private transmission substations

The Nigerian Electricity Regulatory Commission has issued an order mandating the registration and authorisation of privately owned transmission substations connected to the national grid, aiming to enhance regulatory oversight and boost grid reliability. Outlined in the directive titled “Order on the Registration and Authorisation of Grid-Connected Private Transmission Substations (NERC/2026/013),” the regulation took effect on […]

Business

FG affirms market-driven petrol prices amid Middle East tensions

The Federal Government has reiterated its commitment to a market-driven petrol pricing system, stating that it has no plans to impose price controls despite growing geopolitical tensions in the Middle East that have increased volatility in global oil markets. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, […]

Aviation

Middle East tourism disruptions cost $600m daily – WTTC

Travel disruptions across the Middle East are driving major economic losses, with international visitor spending declining by an estimated $600 million per day. The World Travel & Tourism Council disclosed this in a statement on Wednesday, attributing the disruptions to rising regional tensions. The ongoing conflict involving Israel, the United States, and Iran has disrupted […]

Oil and Gas

NMDPRA continues approvals for fuel imports – Dangote

The President of Dangote Industries Limited, Aliko Dangote, stated yesterday that the Nigerian Midstream and Downstream Petroleum Regulatory Authority continues to issue licences for petrol imports, despite public assertions suggesting otherwise. He warned that this practice could threaten the operations of his refinery and put the country’s energy security at risk. Dangote added that the […]

Business

Customs to end physical cargo inspections in 2026 – Adeniyi

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, announced on Tuesday that by December 2026, physical inspections of cargo will be fully phased out, with the Service shifting entirely to scanning technologies and data analytics. Adeniyi noted that this move is part of a broader effort to modernise cargo clearance, leveraging technology to ease […]

Electricity

Blackout looms as gas suppliers stop deliveries to thermal plants

Nigeria’s electricity challenges could intensify in the coming weeks as gas suppliers suspend deliveries to thermal power plants, citing an estimated N3.3 trillion debt owed by power generation companies. The move threatens to worsen the country’s ongoing power shortage. The Chief Executive Officer of the Association of Power Generation Companies, Dr. Joy Ogaji, warned in […]

PUNCH boss Adeyeye Joseph joins World Editors’ Forum Board
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PUNCH boss Adeyeye Joseph joins World Editors’ Forum Board

The Managing Director and Editor-in-Chief of Punch Nigeria Limited, Adeyeye Joseph, has been named to the board of the World Editors Forum, an international body that brings together newsroom leaders within the World Association of News Publishers. The appointment positions Adeyeye among senior editors and media executives involved in shaping global conversations around newsroom leadership, […]

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  • 12th March 2026
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Brent hits $100 despite emergency reserve release

Oil prices jumped more than 8 per cent on Thursday, with Brent crude climbing to $100 per barrel, as traders remained skeptical that the release of government stockpiles would be enough to counter the major supply disruption caused by the war in the Middle East. U.S. benchmark West Texas Intermediate rose 8.8 per cent to […]

News

Tinubu appoints Lamido Yuguda CBN deputy governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda, former Director-General of the Securities and Exchange Commission as Deputy Governor of the Central Bank of Nigeria. The appointment was disclosed in a statement on Wednesday by presidential spokesman Bayo Onanuga, adding that the appointment is subject to confirmation by the Senate. Onanuga […]

Tech

Google completes $32bn acquisition of Israeli cyber-security firm Wiz

Google has completed its $32 billion cash acquisition of Israeli cybersecurity company Wiz, a year after the deal was first announced, making it the largest acquisition in Google’s history. Wiz offers a security platform that safeguards major cloud environments by detecting and responding to cyber threats. Although it will become part of Google Cloud, Wiz […]

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