Business
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Oil output drops to 1.51mbpd in February as NNPC remits N1.804trn
Crude oil and condensate fell to an average of 1.51 million barrels per day, mbpd, in February 2026, even as…
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Electricity generation hits 4,300 MW as gas supply improves
The Federal Government announced on Sunday that Nigeria’s electricity generation has seen a notable boost, rising from 3,951 MW to…
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Naira further gains N12.50 at official market
The Naira on Thursday further appreciated at the official market trading at N1,359.31 against the US dollar. According to data…
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Top 10 countries with the largest gas reserves
Natural gas remains a cornerstone of the global energy sector, powering massive industries and heating millions of homes
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Dangote refinery affirms PMS price stability, denies increase
Dangote Petroleum Refinery & Petrochemicals has reaffirmed that the price of Premium Motor Spirit (PMS), commonly known as petrol, remains…
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High fuel prices and low traffic hit transporters
The Nigerian transportation sector is currently facing a severe crisis as a combination of high fuel prices and low passenger…
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Court voids CBN decision to sack Union Bank board
A Federal High Court sitting in Lagos has delivered a landmark judgment by nullifying the decision of the Central Bank…
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Iran war may force Nigerians to work from home – Dangote
The Chairman of the Dangote Group, Aliko Dangote, has warned that the escalating conflict between Iran and Israel could have…
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Dangote refinery raises PMS price to N1,245 per litre
The Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit (PMS), raising its ex-depot…
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China pledges to work with Nigeria on zero-tariff implementation for Africa
China has reaffirmed its commitment to work with Nigeria to implement zero-tariff measures for the 53 African countries with which…
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Adelabu to resign as power minister before 2027, despite not hitting 6000MW target
The Minister of Power, Adebayo Adelabu, is reportedly set to resign his position as he prepares to pursue his political…
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Umahi invites EFCC and ICPC to probe road projects
The Minister of Works, David Umahi, has taken a bold and unprecedented step by formally inviting the Economic and Financial…
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NNPC reduces petrol price across major cities
The Nigerian National Petroleum Company Limited has officially announced a reduction in the pump price of Premium Motor Spirit across…
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Dangote refinery says fuel price cut aimed at easing Nigerians’ hardship
The management of Dangote Petroleum Refinery has said its recent reduction in fuel prices was aimed at easing the economic…
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FG debt service drops 38.5% to $405.3m in January 2026
The Federal Government’s spending on debt service declined by 38.5 percent year-on-year to $405.3 million in January 2026, down from…
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Full list of Nigeria’s four Forbes billionaires
The latest Forbes 2026 Africa Billionaires ranking has revealed that four prominent Nigerians have maintained their status among the continent's…
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Ghana real estate attracts Nigerian capital
The luxury real estate market in Ghana is experiencing a significant influx of capital from Nigerian investors seeking to diversify…
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Oil tops $100/barrel for first time since 2022 as Iran war unsettles global markets
The global benchmark oil price has climbed above $100 a barrel for the first time since 2022 as the escalating…
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Taiwo Oyedele meets Tinubu after nomination as Minister of State for Finance
President Bola Tinubu on Monday received the Minister of State for Finance nominee, Taiwo Oyedele, at the State House in…
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Tinubu brokers settlement of 15-Year OPL 245 dispute
President Bola Tinubu on Thursday presided over the conclusion of a settlement agreement between the Federal Government, ENI and Nigerian…
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Chaos at Abuja airport over new cashless policy
Passengers and motorists at the Nnamdi Azikiwe International Airport in Abuja faced a grueling experience as the facility went fully…
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FG to release N5bn for Kano market fire victims, says Shettima
Vice President Kashim Shettima has reiterated the Federal Government’s resolve to work with the Kano State government and relevant government…
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Shettima: Nigeria would have hit N1,000/$1 within weeks without CBN’s intervention
Nigeria’s Vice President, Kashim Shettima, has said the country’s currency could have depreciated to about N1,000 to the dollar within…
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Tinubu unveils Nigeria industrial policy 2025, orders swift implementation
President Bola Tinubu on Tuesday unveiled the Nigeria Industrial Policy 2025 and directed relevant ministries, departments and agencies (MDAs) to…
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Dangote signs $400m equipment deal to accelerate refinery expansion
Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., in a move aimed…
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Nigeria secures permanent seat on African Central Bank board At AU Summit
Nigeria has marked a significant diplomatic milestone after the 39th Session of the Executive Council of the African Union (AU),…
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NDIC strengthens debt recovery agents to recover N1.5 trillion from failed banks
The Nigeria Deposit Insurance Corporation (NDIC) has strengthened and repositioned its debt recovery agents in a renewed push to recover…
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NRS targets N40.7trn revenue in 2026, posts 12% qbove-target collection
Executive Chairman, Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, Tuesday, disclosed that the federal government had set a revenue target…
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Dangote, Obasanjo visit Burundi to explore investment opportunities
Africa’s richest man Aliko Dangote has paid a brief but strategically significant visit to Burundi where he explored new investment…
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Elon Musk sparks debate over money and happiness
The world's richest man and X owner, Elon Musk, has ignited a massive "National" and global online debate after stating…
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Bitcoin drops below $70,000 mark
The world’s largest cryptocurrency, Bitcoin, has slipped below the $70,000 threshold for the first time since the United States presidential…
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Shell records huge profits despite oil price drop
The global energy behemoth, Shell, has reported a significant climb in annual profits, stunning analysts who expected a downturn due…
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Ghana inflation sinks to five year record low
In a significant "National" milestone for West Africa, Ghana’s consumer inflation has dropped to a five-year low, reaching 3.8% in…
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FG to share electricity subsidy costs with states
In a major policy shift, the Federal Government has announced that State Governments and Local Government Councils will now be…
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Dangote Refinery: We can deliver 75 Million litres of petrol daily, surpassing Nigeria’s demand
Dangote Petroleum Refinery has reaffirmed its capacity to supply fuel volumes significantly more than Nigeria’s estimated domestic consumption. The refinery…
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New Tax Laws easing burden on SMEs, Misinformation remains obstacle to implementation – Oyedele
Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, said President Bola Tinubu had directed that the federal…
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Petrol prices surge as NNPCL adjusts pump rates
Nigerian consumers are facing a fresh round of economic pressure as the Nigerian National Petroleum Company Limited (NNPCL) has implemented…
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Naira Hits N1,400/$ For First Time Since May 2024 As Currency Strengthens In Official Market
The naira strengthened to N1,400.47 against the US dollar at the official segment of Nigeria’s foreign exchange (FX) market on…
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NNPC Raises Petrol Prices To N835 In Lagos, N839 In Abuja As Market Forces Drive Fuel Adjustments
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices to N835 per litre in Lagos and N839 per…
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Dangote Refinery Raises Petrol Ex-Gantry Price To N799 Per Litre After Festive Support
The Dangote Petroleum Refinery has increased the ex-gantry price of premium motor spirit (PMS), commonly known as petrol, to N799…
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