adminCrude Prices Rise Above $90 Per Barrel On US-Iran Strikes
Oil prices jumped more than two per cent Monday, with the Brent international benchmark rising above $90 a barrel after a fresh flare-up in the US-Iran war. Meanwhile, stocks…
Cement cheaper in Kenya, Togo than Nigeria — FCCPC probe
The Federal Competition and Consumer Protection Commission has flagged possible manipulation of cement prices in Nigeria following a three-month investigation into the rising cost of the building material despite…
US lifts 12-year restriction on vessels calling at Nigerian ports
The United States Coast Guard (USCG) has lifted a 12-year condition of entry (CoE) imposed on vessels calling at designated Nigerian ports before proceeding to the US. In a…
Hackers hit Zenith Bank, steal customers’ information
Hackers have hit the database of Zenith Bank, one of Nigeria’s largest financial institutions, stealing customers’ information. Zenith confirmed the attack in an email to customers on Tuesday. The…
CBN Retains Interest Rate At 26.5%, Raises Concerns Over Heightened ‘Global Uncertainties’
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has opted to keep the Monetary Policy Rate (MPR), which is the country’s benchmark interest rate, unchanged at 26.5…
FULL LIST: CBN revokes licences of 46 microfinance banks over breaches
The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet key regulatory requirements for continued operations. The…
Petrol: FCCPC Warns Marketers Against Consumer Exploitation Amid Global Drop In Oil Prices
The Federal Competition and Consumer Protection Commission (FCCPC) Sunday warned operators in the downstream petroleum sector against exploiting consumers following refusal to reflect the sharp decline in global crude…
Oil Prices Crash To $72 Pre-War Level
Oil prices dropped to $72 per barrel on Thursday from about $120 per barrel, their lowest level since the US-Iran conflict began in February. Brent crude futures for August…
Petrol Price Rises By 55% To N1,596/Ltr In May — NBS
The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31% year-on-year to N1,596.25 per litre in May 2026, from N1,027.76 recorded in May 2025.…
FG Orders Marketers To Increase Cooking Gas Imports
The Federal Government said it has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify engagement with gas producers, marketers, and other stakeholders to boost importation…
Oil price drops to $82/barrel after US, Israel, Iran agree to end war
Global crude oil price dropped to $82 a barrel on Monday as the United States, Israel, and Iran reached a deal to end the Middle East war on all…
Nigeria Misses OPEC Production Quota Again
Nigeria has again failed to meet its 1.5 million bpd crude oil production quota approved by the Organization of the Petroleum Exporting Countries (OPEC). In its National Liquid Hydrocarbon…
Dangote Refinery Raises Petrol Price To ₦1,350/Litre — Report
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275. The new increase marks a fresh upward adjustment in Nigeria’s…
Telcos defend N6.98 USSD charge despite failed transactions
Telecommunications operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria, ALTON, have defended the N6.98 Unstructured Supplementary Service Data, USSD, fee charged on banking transactions,…
UAE announces exit from OPEC
The United Arab Emirates (UAE) says it is quitting the Organization of the Petroleum Exporting Countries (OPEC) after nearly 60 years of membership. The Middle East nation is also…
