Category: featured

Dangote Refinery absorbs 20% cost hike amid global crisis

Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria...

NLNG cargo diverted to Asia as regional prices spike

A cargo of liquefied natural gas from Nigeria has been redirected to Asia after rising...

Navy dismantles illegal refineries, recovers stolen crude in Rivers

The Nigerian Navy said it dismantled illegal crude oil refining activities and recovered suspected stolen...

DisCos recorded ₦51.17bn revenue shortfall in December — NERC

Electricity distribution companies operating on Nigeria’s national grid recorded a N51.17 billion revenue shortfall in...

Naira drops to ₦1,398/$, weakest since January

The Naira weakened further at the end of the trading week, closing at N1,398 per...

Nigeria maintains growth momentum with February PMI above 56

Nigeria’s economic activity maintained strong growth momentum in February 2026, with the composite Purchasing Managers’...

Google CEO Sundar Pichai set for $692m pay package

The CEO of Google and its parent company Alphabet could earn up to $692 million...

CBN confirms 30 banks meet recapitalisation targets

Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the...

Kuwait cuts crude oil production as storage tanks overflow

Kuwait has begun cutting production at some oil fields after running out of room to...

JUST IN: Dangote Refinery raises petrol gantry price to ₦995/litre

The Dangote Petroleum Refinery has increased its Premium Motor Spirit gantry price to ₦995 per...

Brent oil hits $87 amid US-Israel-Iran war

Crude oil prices have surged dramatically toward their largest weekly gain in nearly six years,...

Nationwide blackout looms as national grid suffers fresh decline

Nigeria’s national grid has recorded another decline in power generation, worsening electricity supply across the...