Fuel Price Could Hit N2,000, PETROAN Warns NNPC
PETROAN urges NNPC to revive domestic refineries to shield Nigeria from global oil shocks, warning petrol may reach N2,000 per litre due to geopolitical tensions.
Category : Business
UCIF Delivers 24.62% Return in 2025, Distributes N6.19bn
United Capital Infrastructure Fund announced a 24.62% gross return for 2025, distributing over N6.19 billion to investors and strengthening governance with new experts.
Gateway Airport Key to Nigeria's Cargo Movement - Shippers' Council
The Nigeria Shippers' Council CEO highlights the Gateway International Airport as crucial for addressing cargo challenges in Nigeria and West Africa, praising Ogun State's infrastructure development.
Lagos Commuter Appeals for More BRT Buses
A Lagos resident has publicly appealed to the state government to increase the number of BRT buses, citing daily struggles due to insufficient public transport.
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Lagos Commuter Spends ₦70,000 Monthly on Transport
A young Lagos resident has detailed his daily commute, showing the multiple buses he takes and revealing his transportation costs amount to nearly ₦70,000 per month, highlighting the financial burden of urban travel.
Dangote Refinery Petrol Price Hits N1,175, Sparks Inflation Worries
Dangote Petroleum Refinery has increased Premium Motor Spirit price to N1,175 per litre, just days after a previous hike, with Automotive Gas Oil also rising to N1,620, likely driving nationwide fuel cost increases and higher living expenses.
Dangote Refinery Approves 20 Marketers, Petrol Price Hits N1,175
Dangote Petroleum Refinery has authorized 20 selected marketers for limited petrol loading and increased ex-depot prices to N1,175 per litre, reflecting market dynamics amid global tensions.
France's 2026 Customs Rules: Banned Items for Travelers
France has released updated customs rules for 2026, detailing items travelers cannot bring into the country, including food, animals, weapons, and counterfeit goods, with strict penalties for violations.
Nigerian Banks in Merger Talks as CBN Recap Deadline Looms
Two Tier-1 Nigerian banks are reportedly in confidential merger discussions as the Central Bank of Nigeria's recapitalization deadline approaches in 21 days, with $706 million in foreign investment flowing into the sector.
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Dangote Refinery Increases Fuel Prices for Fourth Time
Dangote Petroleum Refinery has raised petrol prices to N1,175 per litre and diesel to N1,620 per litre, marking the fourth price adjustment since March 2 amid global crude oil volatility.
Four Nigerians Make Forbes 2026 Africa Billionaires Ranking
Aliko Dangote leads African billionaires with $28.5 billion net worth as four Nigerians feature in Forbes 2026 ranking. Africa's 23 billionaires now worth $126.7 billion combined, marking 21% increase from previous year.
Senator's Private Jet Returns to Abuja Due to Technical Fault
A private aircraft transporting Senator David Jimkuta and other notable passengers developed a technical fault shortly after take-off from Abuja, prompting an emergency return. All individuals onboard landed safely without injuries.
Woman Cries at Dubai Airport Over Flight Cancellations Amid US-Iran War
A woman's video of weeping at Dubai International Airport due to multiple flight cancellations amid US-Iran war tensions has sparked online reactions and discussions about travel disruptions.
Wharf Rats Steal Vehicle Parts at Lagos Port, Importers Alarmed
Importers at Tin Can Island Port in Lagos report escalating theft by 'wharf rats' who strip valuable components from newly imported vehicles, raising security concerns and financial losses.
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Rufai: Fuel Price Rise Tied to Iran-US-Israel War
Nigerian journalist Oseni Rufai warns that the Iran-US-Israel conflict is driving up fuel prices in Nigeria, with limited economic benefits due to oil debts and commitments.
Nigeria Fuel Price Could Hit N2,000 Per Litre as Oil Soars
Nigeria faces potential fuel price hikes to N2,000 per litre as global crude oil surges to $117 per barrel due to Middle East tensions. Analysts warn of severe economic strain on households and businesses.
NMDPRA: Government Can't Stop Petrol Price Hikes
The Nigerian Midstream and Downstream Petroleum Regulatory Authority explains that petrol price fluctuations are driven by market dynamics under a deregulated system, with prices now exceeding N1,000 per litre in many cities.
UBA Business Series to Spotlight Africa's Female Leaders
United Bank for Africa (UBA) Plc will host a special Women's Month edition of its UBA Business Series on March 12, 2026, focusing on empowering modern women with the theme 'gen w - The Evolved Woman.' The event features accomplished female leaders sharing
Transport Fares Soar as Petrol Prices Hit Over N1,000
Nigerians face severe transportation cost hikes as petrol prices surge above N1,000 per litre, with intra-state fares increasing by over 50% and inter-state trips becoming significantly more expensive.
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Dubai Airport Evacuation Amid US-Iran War: Passenger's Story
A woman in Dubai shared a viral TikTok video after passengers were evacuated from a plane due to suspicious activity linked to the US-Iran war, citing intercepted missiles and fighter jets.
Nigerian Pilgrims Lose Millions in Umrah Disruption
Hundreds of Nigerian Muslims face heavy financial losses after airlines canceled Middle East flights due to escalating US-Israel-Iran conflict, stranding pilgrims who paid millions for visas and accommodation.
New Cargo Airport Opens in Nigeria, Shippers Council Praises Move
Nigeria's Gateway International Airport begins operations in Ogun State, with the Shippers Council praising it as a strategic hub for cargo transport across West Africa. Governor Abiodun also announces plans for a deep sea port to ease port congestion.
Oil Hits $120 on Iran Leader News, Markets React Sharply
Oil prices soared to nearly $120 per barrel following Iran's appointment of a new supreme leader, raising fears of supply disruptions in the Strait of Hormuz. Prices later eased to around $106 after G7 reserve talks, but global markets and fuel costs rema
NNPC Secures Crude for Dangote Refinery as Petrol Prices Soar
The Nigerian National Petroleum Company Limited is sourcing crude oil from international traders to sustain Dangote Refinery operations while petrol prices exceed N1,000 per litre across Nigeria.
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NNPC Petrol Price Hike: Second Increase in 24 Hours
The Nigerian National Petroleum Company Limited has increased petrol prices by N118, marking the second hike in under 24 hours, with rates now exceeding N1,000 per litre nationwide.
Petrol Prices Exceed N1,000 Per Litre in Nigeria After Refinery Hike
Petrol prices have skyrocketed above N1,000 per litre in major Nigerian cities following Dangote Refinery's price increase to N995 per litre. This surge, driven by global oil tensions, is impacting transport fares and business costs nationwide.
Items Banned from Airplane Carry-On Luggage Worldwide
A comprehensive list of items prohibited in carry-on luggage for all flights, including weapons, sharp objects, and liquids, to ensure air travel safety and avoid delays.
Fuel Price War: Petrol Hits N1,057 as Marketers Adjust Nationwide
A fierce price competition among fuel marketers has pushed petrol prices beyond N1,000 per litre nationwide, with MRS stations selling at N1,057. NNPC adjusted prices twice in four days as Dangote Refinery increased ex-depot rates, sparking warnings that
Oil Prices Jump After Iran Names New Leader, Launches Attacks
World oil prices soared on Monday as tensions escalated in the Middle East after Iran appointed Mojtaba Khamenei as new supreme leader and launched fresh military strikes across the region, rattling financial markets.
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Inflation Erases Small Naira Notes in Nigeria's Economy
Nigeria's small naira notes, from ₦5 to ₦50, are disappearing from daily use due to inflation, leading to an unofficial redenomination as ₦100 becomes the minimum viable currency in markets and transport.
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