CBN REPORTS S5.52BN RESERVE INCREASE, NET POSITION REACHES S34.8BN
By: Fasasi Hammad The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s gross and net foreign reserves recorded significant growth by the end of...
BREAKING: DANGOTE REFINERY REVISES PETROL PRICE UPWARDS TO N874
By: Fasasi Hammad Dangote Petroleum Refinery has raised the gantry price of its Premium Motor Spirit (PMS) by ₦100, increasing the ex-depot rate from ₦774...
SOLUDO REOPENS NKWO NNEWI MOTORCYCLE SPARE PARTS MARKET
Traders at the New Motorcycle Spare Parts Market, otherwise known as Nkwo Nnewi, on Monday complied with Gov. Chukwuma Soludo’s directive, reopening for business to...
IRAN-US-ISREAL WAR: GAS PRICE JUMPS 50 PERCENT, CRUDE 10 PERCENT
Following the Middle East crisis sparked by US-Israeli strikes in Iran, natural gas prices spiked by nearly 50% on Monday after QatarEnergy, one of the...
NIGERIA SPLITS OPL 245 INTO FOUR OIL BLOCKS IN NEW DEAL WITH ENI, SHELL
Nigeria has entered an agreement to split the oil prospecting license (OPL) 245 into four new assets, which will be operated by Eni and Shell....
FG BEGINS IMPLEMENTATION OF EXECUTIVE ORDER ON DIRECT OIL REVENUES REMITTANCE TO FAAC
BY JENN NOMAMIUKOR The federal government has started carrying out Executive Order 9 from 2026. This order requires that all oil revenue be sent directly...
OPEC+ INCREASES OIL OUTPUT BY 206,000 BPD AMID TENSIONS IN MIDDLE EAST
BY JENN NOMAMIUKOR OPEC and its partner countries have decided to increase oil production by 206,000 barrels each day starting in April. This decision happens...
OIL PRICE RISES TO $79 PER BARREL, OVERSHOOTS NIGERIA’S BUDGET BENCHMARK
On Monday, the price of crude oil went up to $79 per barrel, which is the highest it has been in over a year, beating...
ONITSHA NORTH LGA BEGINS DEMOLITION OF ILLEGAL STRUCTURES AT MAIN MARKET
By Aishat Momoh. O. The Onitsha North Local Government Area has commenced the demolition of illegal structures at the Onitsha Main Market, triggering protests and...
KRISHNAN RANGANATH DEPARTS AFRICA DATA CENTRES AFTER FIVE YEARS
By Aishat Momoh. O. The Regional Executive for West Africa at Africa Data Centres, Krishnan Ranganath, has exited the company after five years of overseeing...