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Nigeria's Dangote Petroleum Refinery has raised its Premium Motor Spirit ex-depot price from N774 to N874 per litre, citing rising global crude oil costs and replacement expenses. The adjustment may trigger nationwide fuel price increases.
Military attacks on Middle Eastern energy facilities have triggered a sharp rise in global oil and gas prices, with Brent crude climbing 10% and natural gas surging nearly 50%. The crisis is impacting European markets and Nigerian fuel prices.
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Dangote Petroleum Refinery increases petrol ex-depot price to N875 per litre, up from N774, due to global crude oil volatility. Marketers adjust pumps as prices rise.
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The Strait of Hormuz carries 20% of global oil and gas shipments, making it a crucial maritime route. Recent attacks on tankers have disrupted traffic, highlighting its geopolitical importance.
Saudi Arabia has suspended some operations at its massive Ras Tanura refinery following a drone attack that caused a fire. The incident highlights escalating tensions in the Gulf region.
Oyindamola Tinuke, a University of Ibadan graduate, celebrates earning First Class Honours in Agricultural Science with joyful photos and social media praise, highlighting academic excellence.
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Branch NG, a leading digital financial services firm in Nigeria, has been honored as the Financial Service Company of the Year at the 2026 National Brand Excellence and Leadership Awards in Lagos.
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Plus Incubation Hub launches the Plus Factor Grant Program, offering non-dilutive funding up to N1 million for Nigerian entrepreneurs. Applications open until March 15, 2026.
FAAN's cashless toll payment system enforcement triggered severe traffic congestion at Lagos and Abuja airports, causing flight delays and passenger frustration as authorities scramble solutions.
The Katsina State Government has launched a free business registration portal to help entrepreneurs formalize their operations, boost credibility, and access funding opportunities.
Dangote Cement reports a record-breaking N1 trillion profit for 2025, driven by strategic price increases, cost control, and an 18.6% surge in export volumes across Africa.
The Nigerian National Petroleum Company has lowered petrol prices in Lagos to N837 per litre, while NIPCO Gas announces expansion of 20 CNG stations nationwide at N380 per cubic metre.
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Nigeria's Bonny Light crude oil price surged to $80 per barrel, its highest since July 2025, following US-Israel strikes on Iran. Global benchmarks rose sharply, potentially boosting Nigeria's revenues but risking higher domestic fuel prices.
South African authorities rescued 12 crew members from a Nigerian tug boat that sank in rough seas, with one fatality confirmed and five still missing. Search efforts continue.
The Transmission Company of Nigeria has scheduled a temporary power outage on the Benin-Ajaokuta 330kV transmission line for maintenance from February 27 to March 31, 2026, affecting several areas in Benin.
An Indian commentator warns that Iran's recent attacks on Saudi Arabia's oil infrastructure could lead to skyrocketing oil prices, impacting the global economy amid ongoing US-Iran tensions.
Sokoto State Government is set to launch Caliphate Air, a state-backed airline, in the second half of 2026. The carrier will operate passenger and cargo flights from Abuja, with plans to use Embraer regional jets.
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Ogun State has launched a massive cotton garment factory projected to create 250,000 jobs, with Governor Dapo Abiodun envisioning it as a world-class textiles hub integrated with the Gateway Agro-Cargo Airport for enhanced supply chains.
Energy analysts caution that petrol and diesel prices in Nigeria could increase if global crude oil surpasses $90 per barrel, driven by escalating tensions between the US and Iran in the Middle East.
The Nigeria Civil Aviation Authority has directed Air Peace, Max Air, United Nigeria Airlines, and others to refund passengers wrongly charged VAT on tickets purchased before January 1, 2026, following regulatory intervention.
The Nigerian Exchange Limited closed the final week of February 2026 on a bearish note, with market capitalisation shedding N1.4 trillion. Financial Services stocks led trading activity, while key equities like Zenith Bank and Japaul Gold saw significant
Discover the wide range of accounting careers in Nigeria, from chartered accountants to forensic specialists, with insights into salaries, sectors, and professional certifications driving demand.
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Senator Natasha Akpoti-Uduaghan has officially presented electric vehicles to trained beneficiaries in Kogi Central, promoting clean energy and economic opportunities through a comprehensive empowerment initiative.
The Midstream and Downstream Gas Infrastructure Fund has inaugurated a Compressed Natural Gas refueling facility at Obafemi Awolowo University, marking a significant step in Nigeria's energy transition and academic-industry collaboration.
The FCCPC's interim report reveals troubling patterns of price manipulation among domestic airlines during the December 2025 holiday season, with fares spiking significantly despite stable costs. The commission is investigating potential breaches of compe
SunTrust Bank Nigeria Limited has successfully exceeded the N50 billion minimum capital requirement set by the Central Bank of Nigeria, achieving this milestone four weeks before the March 31 deadline. The bank's capital boost was driven by a private plac
President Bola Tinubu applauds Lebara Nigeria's official launch as a major boost for the nation's digital economy and growing global investment confidence.
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Private depot operators in Nigeria have adjusted petrol prices to an average of N789 per litre, aiming to compete with Dangote Refinery's N774 rate. This move intensifies market competition, offering potential short-term price stability for consumers amid
