Man's Viral Video Shows Fuel Price Hits N1,400 Per Liter
A young Nigerian man's video revealing fuel sold at N1,400 per liter at a Lagos filling station sparks widespread reactions online amid global oil market tensions.
Category : Business
Poverty Rate Hits 63% After Fuel Subsidy Removal in Nigeria
A new study shows Nigeria's poverty rate surged to 63% following petrol subsidy removal, with low-income households hardest hit. Experts call for stronger social safety nets.
Chinese Man Arrested for Smuggling 2,000 Queen Ants from Kenya
A Chinese national, Zhang Kequn, was intercepted at Jomo Kenyatta International Airport with over 2,000 live queen garden ants in his luggage, linked to an ant-trafficking network. The Kenya Wildlife Service warns of growing demand for these protected spe
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Lekki 3-Day Power Outage for EKEDC Network Upgrade
EKEDC announces planned power outage in Lekki from March 13-15, 2026, for network upgrades to improve electricity supply reliability in Lagos.
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Adelabu: Tinubu Has Strong Plans for Power Sector Amid Cuts
Power Minister Adebayo Adelabu calls for patience from Nigerians, asserting President Bola Tinubu has robust plans for the electricity sector despite worsening power shortages and a N3.3tn debt crisis.
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Lagos Youths Protest Blackouts, Tinubu's Power Promise Unfulfilled
Youths in Lagos protested worsening electricity outages on March 12, highlighting gas supply constraints and Tinubu's unkept campaign promise for 24-hour power supply.
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Nigerians Warned of Extended Power Crisis Over N3.3tn Debt
Nigerians face worsening electricity shortages as gas suppliers halt services to power plants over N3.3tn debt, with protests erupting nationwide and government initiatives facing scrutiny.
Dangote Refinery Lowers Cooking Gas Price to N790/kg
Nigeria's LPG market sees fresh price adjustments as Dangote Refinery reduces cooking gas to N790 per kilogram. Private depots and retailers adjust rates amid global oil volatility driven by Middle East tensions.
Lagos, Abuja Transport Fares Rise as Petrol Prices Increase
Commercial transport operators in Lagos and Abuja have announced significant fare increases following a surge in petrol prices, with pump rates reaching N1,400-N1,550 per litre despite Dangote Refinery's recent price reduction.
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Zenith Bank's 2026 Women's Day Seminar Empowers Female Leaders
Zenith Bank Plc hosted a major International Women's Day seminar in Lagos featuring Nigeria's First Lady, Lagos State First Lady, and other prominent women leaders discussing empowerment, education, and leadership development for women across Nigeria.
UBA Business Series Highlights 'Gen.W: The Evolved Woman'
United Bank for Africa hosted a hybrid Business Series event focusing on female leadership and entrepreneurship. Panelists discussed women reshaping business and innovation across Africa during International Women's Month celebrations.
BRT Advocate Ella Gets Transport Allowance and Raise
Ella, the content creator who highlighted Lagos BRT bus shortages, receives a one-year transport allowance and salary raise from her employer in recognition of her advocacy for city transport issues.
FG Keeps Fuel Prices Market-Driven, NNPC Adjusts Pump Rates
The Federal Government has affirmed it will not intervene to control petrol prices despite Middle East tensions, allowing market forces to determine costs. Finance Minister Wale Edun stated intervention would only be a last resort, highlighting CNG expans
Airlines May Refund Passengers for 2025 Christmas Ticket Prices
The FCCPC has concluded its investigation into alleged price-fixing by airlines during December 2025, with ticket prices soaring from N145,000 to N670,000. The commission is considering compelling refunds for affected passengers.
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Ships Use 'China-Owned' Identity to Avoid Attacks in Hormuz
Commercial vessels in the Gulf region are declaring Chinese ownership in their destination signals to reduce targeting risks as the Israel-Iran conflict disrupts maritime routes. At least eight ships have adopted this tactic.
Trump Downplays Oil Price Rise, Cites US Financial Benefit
Former US President Donald Trump minimized concerns about increasing oil prices, stating the United States profits significantly when energy costs rise. He emphasized preventing Iran from obtaining nuclear weapons as his primary focus.
China Cuts Oil Exports Over Middle East Crisis
China has tightened export restrictions on refined oil products to shield its economy from Middle East instability, causing global market volatility and raising energy security concerns.
Ferry Worker Fired After 114 Sick Days in 12 Months
A long-serving Brisbane ferry employee lost her job when a workplace tribunal upheld her dismissal due to excessive absences linked to a serious medical condition, highlighting employment challenges in Australia.
Seplat Plans 17 New Wells in 2026, Targets 155,000 Barrels Daily
Seplat Energy has announced plans to drill 17 new wells in 2026, aiming to increase production to between 135,000 and 155,000 barrels of oil equivalent per day. The company also revealed capital expenditure projections and discussed a potential stake sale
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Six Petrol Import Permits Approved Amid Dangote Refinery Dominance
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has granted import permits to six marketers for 30,000 metric tonnes each of petrol. This comes as industry data reveals Dangote Petroleum Refinery supplied 92% of Nigeria's petrol in Fe
Naira Gains N25 vs Dollar as CBN Resumes FX Sales
The Nigerian naira appreciated significantly against the US dollar in the official market, closing at N1,376.19/$, following the Central Bank's resumption of dollar sales. The parallel market remained stable at N1,440/$.
MTN, Airtel Plan N55K Smartphones for Nigeria by 2026
Major telecom operators including MTN and Airtel plan to introduce ultra-affordable 4G smartphones priced around N55,000 in Nigeria and five African countries by 2026 to boost internet access for millions.
Dangote Controls N14.4 Trillion Fuel Market as FG Halts Imports
Nigeria's petrol market undergoes dramatic transformation as federal government suspends import licenses, giving Dangote Refinery 92% market share in N14.4 trillion annual industry. Experts warn of monopoly risks while regulators defend policy shift.
NNPC Stations Cut Petrol Prices, Easing Financial Burden
Petrol prices at NNPC and other filling stations have dropped significantly after Dangote Refinery reduced its ex-gantry price, providing relief to motorists and families across Nigeria.
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Gas Suppliers Threaten Cutoff Over N3.3tn Debt, Power Crisis Worsens
Nigeria's electricity supply faces further deterioration as gas suppliers threaten to halt fuel deliveries to thermal power plants over N3.3 trillion in unpaid debts, with generation already falling below 4,000 megawatts nationwide.
Lagos Tax Returns Mandatory by March 31, Penalties Explained
Lagos State Internal Revenue Service (LIRS) mandates all residents to file annual tax returns by March 31. Special Adviser Abideen Akande explains the self-assessment system, penalties for defaulters, and the online filing process via e-tax.lirs.net.
NNPC Talks with Oil Producers for Dangote Refinery Supply
NNPC Ltd is in discussions with international and local oil producers to increase crude oil production, aiming to enhance supply for domestic refining, particularly at the Dangote Petroleum Refinery, amid global market volatility.
Lagos Power Outage: 3-Day Blackout in Lekki for Upgrade
EKEDC has scheduled a three-day electricity outage in parts of Lekki, Lagos, from March 13-15, 2026, for equipment upgrades to improve supply reliability.
CBN Injects $200 Million as Naira Rebounds in Official Market
The Central Bank of Nigeria injected $200 million into the forex market to stabilize the naira, leading to consecutive gains and improved market sentiment amid high dollar demand.
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Lagos Protest Over Power Supply: 'Give Us Light'
Residents of Lagos protested at Fadeyi on March 12, demanding an end to epileptic power supply and estimated billing, citing impacts on businesses and daily life.
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