The Federal Government justifies Nigeria's current petrol price, stating it is approximately 50% lower than the global average due to economic reforms and local refining efforts under President Tinubu's administration.
Official data reveals Nigeria's petrol imports skyrocketed by 96.7% from February to March 2026, even as domestic production increased. Stock sufficiency dropped significantly while consumption declined due to rising fuel prices.
Nigeria has secured the 8th position among African countries with the lowest petrol prices in April 2026, according to Global Petrol Prices data. Despite this ranking, domestic fuel costs have risen significantly, with prices exceeding N1,200 per litre.
A dispute between air traffic controllers and engineers in Nigeria highlights conflicting views on aviation safety, with controllers warning of outdated systems and engineers citing recent upgrades.
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A Nigerian tricycle operator reveals how converting to an electric vehicle increased his daily profit, eliminated fuel queues, and helped him support his family amid rising petrol prices.
Dangote Petroleum Refinery is preparing to launch Africa's largest IPO, potentially raising $5 billion. The offering could reshape investment flows and boost Nigeria's economy significantly.
The IMF projects Nigeria's GDP growth to reach 4.3% in 2027, up from 4.1% in 2026, despite global risks from Middle East conflict and inflation pressures.
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SAM Pharmaceutical Limited celebrates its 55th anniversary by commissioning a cutting-edge pharmaceutical manufacturing facility in Ota, Ogun State, enhancing production capacity and supporting Nigeria's healthcare sector.
The Central Securities Clearing System has overhauled its fee structure for 2026, with OTC trade fees surging 3,233% and custody charges shifting to asset-based pricing, impacting brokers and investors.
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Carloha Nigeria, the authorized distributor of Chery vehicles, successfully organized the Chery Emerging Leaders Football Tournament in Lagos to enhance teamwork and leadership among employees through sportsmanship.
The Food and Beverage Recycling Alliance warns that a ban on single-use plastics could harm the economy and environment, advocating for investment in recycling infrastructure instead.
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While Africa's public sector shows significant growth in 2026 through infrastructure and digital spending, this expansion is heavily debt-funded and faces structural risks including currency vulnerability, institutional weaknesses, and corruption challeng
PETROAN supports World Bank call for petrol import licence reinstatement to boost competition and stabilise fuel prices, as Dangote Refinery announces new pricing.
Discover five essential facts about Victor Glover, the only Black man on NASA's Artemis 2 crew, including his family background, education, and historic space achievements.
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A Nigerian man received N4.8 million in error via OPay and is hesitant to refund due to suspicious account details from the caller, sparking online debate and safety concerns.
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A Paris court has found global cement company Lafarge guilty of financing ISIS and other militant groups to maintain operations in Syria, with executives receiving prison sentences.
The Nigerian naira appreciated to N1,356.19 per dollar in the official market, gaining 70 kobo. It also strengthened against the pound sterling and euro, while interbank turnover surged.
The Federal Government has implemented sweeping tariff reductions on 127 items including rice, vehicles, and medical equipment as part of the 2026 Fiscal Policy Measures aimed at combating inflation and supporting key economic sectors.
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Riverine communities in Bayelsa's Southern Ijaw LGA, which relied solely on boats for six decades, finally have road access after President Tinubu inaugurated key highways linking them to Yenagoa.
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Bi-Courtney Aviation Services Limited has increased parking tariffs at Murtala Muhammed Airport Terminal 2 in Lagos, citing operational challenges caused by long-term parking and congestion affecting passenger access.
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Dr. Yasam Ayavefe, founder of Mileo and chairman of Milaya Capital Limited, introduces modern reservation protocols emphasizing transparency, predictability, and guest control in hospitality.
A French court has found Lafarge Africa Plc guilty of financing terrorism, including payments to Islamic State and al-Qaeda, to sustain operations during the Syrian civil war.
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Heirs Insurance Group and United Capital hosted the Yoga and Money Meet Up, blending physical wellness with financial protection. The event introduced HerMotor insurance, offering 24/7 roadside assistance for women, framing insurance as essential self-car
Artemis 2 astronauts Christina Koch, Victor Glover, Jeremy Hansen, and Reid Wiseman reveal their personal experiences from a 10-day mission around the Moon, including Koch's description of Earth as a 'lifeboat' in the universe.
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The Arewa Youths have commended a Federal Capital Territory High Court ruling that upheld the continuity and long-term renewal of Nigeria's pipeline surveillance contract, calling it a victory for national economic stability.
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Nigeria's telecom sector faces an existential threat from widespread theft of power assets, causing dropped calls and slow data for millions of subscribers. Industry leaders warn of billions in losses and potential service degradation.
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The Federal Government has initiated a National Community Food Bank Programme targeting all 774 local government areas to address rising food insecurity and malnutrition nationwide.
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Forgot your Bank Verification Number? Learn multiple safe methods to retrieve your BVN instantly using USSD codes, bank apps, online portals, or bank visits in Nigeria.
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Nigeria's minimum wage has increased from ₦5,500 in 2000 to ₦70,000 in 2026. This article explores the timeline, economic pressures, and why workers still struggle despite nominal growth.
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Heirs Insurance Group and United Capital Plc partnered to host an exclusive wellness and financial empowerment event in Lagos, combining yoga sessions with expert-led discussions on insurance, investment, and asset protection for ambitious women.
