Dangote Refinery to Cut Fuel Price Revision Frequency
Dangote Refinery plans to lower the frequency of fuel price changes in Nigeria to stabilize the downstream market, reduce confusion for marketers, and boost confidence.
Category : Business
FG unveils strategic roadmap for housing industry
The Federal Government has unveiled a strategic roadmap to boost the housing market through public-private partnerships, aiming to deliver affordable homes and drive economic growth.
FG Sets June for Nationwide Digital TV Switchover
Nigeria will complete its transition from analogue to digital TV broadcasting in June, ending years of delays. The DSO programme promises clearer signals, more channels, and affordable access.
Petrol, Diesel Prices Crash at Depots Across Nigeria
Depot owners slash petrol and diesel prices in Lagos, Warri, and Port Harcourt despite Brent crude trading above $100 per barrel, signaling increased competition.
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Adeleke Lists Mining Achievements, Slams Osun APC
Osun Governor Adeleke highlights mining sector gains, denies selling licences, and criticises previous APC administration for neglect and unpaid service charges.
After-Sales Support Key to West Africa Mobility Growth
Stakeholders at the 2026 West Africa Automotive Show Conference in Lagos emphasize after-sales support as crucial for sustainable mobility in the region.
Fidelity Bank Liquidity Surges to N1.32 Trillion
Fidelity Bank's cash and cash equivalents rose 87% to N1.32 trillion in 2025, driven by stronger deposit mobilisation and improved liquidity amid Nigeria's tight monetary policy.
Akpabio Seeks Stronger Backing for Agricultural Colleges
Senate President Godswill Akpabio urges stronger support for agricultural colleges to address food insecurity, emphasizing collaboration and innovation at an IITA summit in Ibadan.
World Cup transport prices cut after fan backlash
Train and shuttle prices for World Cup matches at MetLife Stadium reduced after criticism. Train fares drop to $98, shuttle to $20.
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Cement Prices Hit N13,000 Per Bag in Nigeria
Cement prices in Nigeria have soared to N13,000 per 50kg bag, prompting concerns in construction. Dealers lament frequent changes, and experts urge more import licenses to boost competition.
Kaduna Farmers Warn of Food Security Threat
Kaduna AFAN expresses concern over insecurity and rising fertilizer costs, threatening food production. Farmers face attacks, kidnappings, and inability to access farmlands.
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Cooking Gas Price Hits ₦1,500 Per Kg as Supply Squeeze Worsens
Cooking gas price rises 15.3% to ₦1,500/kg in May 2026. A 12.5kg cylinder now costs ₦18,750, consuming over 25% of minimum wage. Only three major depots hold stocks.
Lagos State Unveils State-Issued Driver's Licence Plans
Lagos State announces state-issued driver's licence after FG approval, offering motorists a choice between federal and state licences to reduce delays and improve road safety.
Nile University, French Embassy Commission Recycling Plant
Nile University of Nigeria and the French Embassy launched a Plastic Recycling Plant to boost sustainability, innovation, and entrepreneurship on campus.
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Naira Gains Slightly Against Dollar Across FX Markets
The Nigerian naira appreciated slightly against the US dollar on May 13, 2026, in both official and parallel markets due to improved liquidity and CBN interventions.
Christ Embassy Gives 3,000 Bikes, Tricycles in Pakistan
Christ Embassy expands global humanitarian outreach to Pakistan, distributing over 3,000 motorbikes and tricycles to support mobility, economic empowerment, and community development.
Nigerian Banks Hike Dollar Rates as Naira Slips Again
Naira weakens for third consecutive session to N1,375.62/$ as Access, UBA, Zenith raise dollar rates. External reserves rise to $48.45bn, oil output hits 1.66m bpd.
Reftop Agrofield Urges Nigerians to Invest in Oil Palm
Reftop Agrofield Limited calls on Nigerians to invest in oil palm, citing wealth creation, job opportunities, and reduced import dependence as key benefits.
Lagos Ends Estimated Billing, Rolls Out Smart Metres
FCCPC backs Lagos State's plan to end estimated electricity billing and deploy smart meters, urging other states to adopt similar reforms for consumer protection.
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Nigeria Debt Crisis: Expert Warns as Nigerians Reject $1.2bn Loan
Economists raise red flags over Nigeria's rising debt burden as citizens urge World Bank to reject new $1.2 billion loan request amid economic hardship.
FG Opens $20,000 Grant for Nigerian Startups, SMEs Through REA
The Federal Government, via REA, launches $20,000 grants for Nigerian startups and SMEs under GCIP Nigeria Accelerator Fund, targeting clean-tech innovations with a June 1, 2026 deadline.
Caitlyn Jenner Sued Over Crypto Pump and Dump Scheme
Caitlyn Jenner faces a class-action lawsuit over her $JENNER meme coin, accused of promoting a pump-and-dump scheme that caused investors to lose money.
NERC Hints at Another Electricity Tariff Hike in Nigeria
NERC signals possible electricity tariff increase for all bands to improve service, raising concerns among Nigerians already facing high living costs.
Lagos Cooking Gas Shortage: New LPG Prices Emerge, Hike Looms
Liquefied Petroleum Gas (LPG) supply tightens across Lagos depots, risking price hikes for households and businesses as retailers struggle with limited stock.
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Nigeria's Upstream FID Share Rises to 40% in Africa
Nigeria's share of Africa's upstream FIDs surged from 4% to 40% in two years, driven by oil sector reforms, a $50B pipeline, and production increase to 1.6M bpd.
NISO Warns of Misinformation Over Grid Instability
NISO warns of misinformation about grid operations, urging media fact-checking to prevent public anxiety. CEO Abdu Bello Mohammed pledges training and structured engagement.
Importers groan as Mideast crisis, Hormuz toll strain supply
Nigeria faces fresh inflation as Iran formalizes Strait of Hormuz tolls, threatening global supply chains and raising import costs for food, fuel, and medicines.
Nigeria's Internet Paradox: Speed Up, Connectivity Down
Nigeria sees improved internet speeds but faces negative user sentiment, low 5G usage, and regional fragmentation, highlighting a digital divide.
Manufacturers Lament Global Tensions, Rising Costs
MAN's Segun Ajayi-Kadir warns of global tensions disrupting manufacturing in Nigeria and Africa, citing supply chain issues, high costs, and reduced demand.
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Nigeria Oil Output Hits 1.66mbpd, Navy Cracks Down on Illegal Refining
Nigeria's oil production rose to 1.66 million bpd in April but fell short of the 2026 budget target, causing $446.6 million loss. The Navy intensified crackdown on illegal refining in the Niger Delta.
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