United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
AA Rano Nigeria partners with Petrosoft to launch fully automated, 24-hour fuel stations in January 2026. The innovation promises efficiency but raises concerns over massive job losses in the retail sector. Read more.
Nineteen Nigerian banks have met the CBN's new capital requirements, with Fidelity Bank raising N250bn. Analysts expect more compliance before the March 31, 2026 deadline. Read the full list and analysis.
NNPC reduces petrol prices in Abuja to N815 per litre, offering relief. Dangote Refinery debunks shutdown rumours, delivers 43 million litres nationwide. Lagos prices remain steady.
Fidelity Bank Plc has successfully raised over N250bn in a single day, meeting the CBN's N500bn capital requirement. The move cements its position among Nigeria's top-tier lenders ahead of the March 2026 deadline.
The Central Bank of Nigeria has published a list of 28 banks restricted to domestic operations. Discover which institutions lack international licenses and the impact of the ongoing recapitalisation drive.
Dangote Refinery confirms full operations, dispelling false shutdown reports after loading 43.3 million litres of petrol in one day. Discover the impact on prices and market stability.
Nigerian banks accelerate recapitalisation ahead of March 2026 CBN deadline. GTCO, Zenith, UBA lead as sector's market cap hits N16.14 trillion. Read the full analysis.
NSE President Margaret Oguntala highlights the need for strong governance and transformational leadership to reposition engineering for Nigeria's development. A new book chronicles her historic tenure.
Nigeria's private sector closed 2025 with robust growth as PMI hit 53.5 in December. Business confidence soared to a six-month high. Discover the key drivers and outlook for 2026.
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
PETROAN reports the 2025 price war between Dangote Refinery and marketers led to massive losses for retailers, squeezed profits, and market instability. The group calls for urgent stakeholder dialogue.
FirstBank meets CBN's N500bn capital requirement. Billionaire investor Femi Otedola commends Tinubu and Cardoso's economic leadership, calls for raising bank capital to N1 trillion for a $1 trillion economy.
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
Savannah Energy ends its share buyback, freeing £10m. NIPCO plans to increase its stake to 26.5% via secondary market deals. A new relationship agreement aims to protect minority shareholders. Read the full details.
Agusto & Co assigns a BBB- rating with a stable outlook to Universal Insurance Plc, citing strong 2024 results, robust solvency, and improved profitability. Discover the key figures behind the rating.
Africa's downstream oil sector needs over $100bn investment by 2050. Discover how ARDA is tackling regulatory & infrastructure gaps to unlock this massive opportunity for global investors.
The National Gallery of Art and Red Door Designs Ltd have signed a strategic partnership to transform Nigeria's contemporary art infrastructure and boost economic value in the creative sector.
Dangote Petroleum Refinery closed 2025 with a dramatic N200.50 per litre price cut, reshaping Nigeria's fuel market. Learn how local refining is driving down costs and pressuring importers.
With 100 days left, Nigeria's banking sector races to meet CBN's recapitalisation deadline. ACAMB dismisses closure rumours as 16 banks already meet requirements. Read the latest updates.
Labour advocates urge IPMAN to provide health insurance for petrol station workers nationwide, citing daily exposure to toxic fumes and fire hazards. This follows NNPCL's new scheme for its retail workers.
Dangote Refinery begins nationwide PMS sales at N739 per litre through MRS stations, warns against artificial scarcity, and urges Nigerians to report non-compliance for economic relief.
Petroleumprice.ng honours Aliko Dangote, MRS Oil, Rainoil, and others in its first industry awards. Winners were chosen via a hybrid model of public votes and expert judges. Read the full list.
Dangote Petroleum Refinery has resumed free nationwide petrol delivery to stations at a new price of ₦699 per litre, aiming to stabilise Nigeria's fuel market. Learn about the incentives and registration process.
Africa remains trapped in fuel import dependence despite new refineries. This analysis reveals the structural barriers, from fragmented standards to poor infrastructure, that keep the continent vulnerable to global shocks. Discover the path to true energy
Conoil Plc reports a massive 60.5% revenue growth to N323.1bn for 2024, proposing a N2.4bn dividend. Discover how Nigeria's downstream giant thrived despite economic headwinds.
An in-depth review of Nigeria's banking recapitalisation exercise. Discover which 16 banks have met the CBN's new capital requirements and the impact on the financial sector. Read the full analysis now.
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
Nigerian banks are in a race against time to raise N4.14 trillion before the CBN's March 2026 recapitalisation deadline. Discover how this move aims to build a $1 trillion economy.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is leading a historic shift towards transparency and accountability in the oil sector, turning a 'resource curse' into a national blessing. Discover how this reform benefits citizens.