463% Increase in Fuel Price Recorded Since Tinubu Took Office

Nigeria’s fuel price increased by 463.03 percent to a minimum of N1,340 per liter on June 2, 2026, compared to the N238 per liter rate recorded three years before President Bola…

Dangote Refinery Announces Reduction In Fuel Price

      Respite appears to be on the way for Nigerians as the Dangote Refinery has reduced its gantry premium motor spirit and automotive gas oil prices.    …

Atiku Criticises Tinubu Government Over Rising Debt and Poverty

Former Vice President Atiku Abubakar has faulted President Bola Ahmed Tinubu’s government’s defense of rising debt profile. In a statement by his spokesperson, Phrank Shaibu, Atiku said Tinubu’s administration glorifies…

EIU Says Dangote Refinery Has Reduced Nigeria’s Reliance on Fuel Imports

The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined…

Nigerian Exchange Group Investors Record N905bn Gain

Investors at Nigerian Exchange Limited added N900 billion to their portfolio as equities kick off the week on a positive note on Monday. NGX data showed that the market capitalisation rose…

Oil subsidy, exchange rate cabals want me dead — Tinubu

President Bola Ahmed Tinubu has alleged that powerful groups linked to oil subsidy and foreign exchange practices are “wishing him dead” following reforms he introduced since taking office in 2023.…

Economic Independence at Stake: Fuel Tank Farm Owners Press Nigeria to Halt All Petrol Import Approvals

    Members of the Jetties and Petroleum Tank Farms Owners of Nigeria have requested that the Nigerian government cancel the recently granted petrol import licenses to marketers. The Executive…

Nigerian Ports Authority Announces Arrival of Nine Ships at Lagos Ports

No fewer than nine vessels have berthed at the Lekki, Tin-Can Island, and Apapa ports in Lagos State, awaiting clearance to discharge petroleum products including Premium Motor Spirit (petrol), aviation…

Aliko Dangote Named African Energy Person of the Year 2026

Aliko Dangote, the richest man in Africa and president of Dangote Group, including Dangote Refinery and Cement, has emerged as the African Energy Person of 2026. African Energy Chamber disclosed…

Nigeria Inflation Inches Up to 15.69% in April 2026, But Month-on-Month Slowdown Noted

      Nigeria’s inflation rate increased marginally in April 2026, rising to 15.69 per cent from 15.38 per cent recorded in March, according to the latest Consumer Price Index,…