Nigeria’s oil sector is facing fresh challenges as the domestic refiners crude dispute Nigeria has resulted in about $3.13 billion worth of crude oil remaining unprocessed. The situation highlights ongoing disagreements between local refiners and crude suppliers, raising concerns about efficiency in the downstream sector. Domestic Refiners Crude Dispute Nigeria Explained The dispute is largely…
The Nigeria World Bank debt 2025 has increased by $2.08 billion, reflecting a rise in external borrowing over the past year. The latest figures highlight Nigeria’s continued reliance on multilateral funding to support economic reforms and public spending. Nigeria World Bank Debt 2025 Increase Explained Recent financial data shows that Nigeria’s obligations to the World…
Petrol prices in Nigeria are rising again, with the petrol price Nigeria 2026 now approaching N1,400 per litre following a fresh adjustment by the Dangote Refinery. The latest increase reflects ongoing pressure in the global oil market and has triggered fresh concerns among businesses and consumers across the country. Petrol Price Nigeria 2026 Climbs Amid…
President Bola Tinubu has approved a leadership change in Nigeria’s downstream petroleum sector after he removed the head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The development follows a fresh restructuring move in the energy industry, with Rabiu Umar nominated as the new chief executive. The decision is expected to attract attention across…
The Petrol price March 2026 increased to an average of N1,288.54 per litre, according to the latest report released by the National Bureau of Statistics. The new figure reflects the continued rise in fuel costs across Nigeria and adds fresh pressure on households, transport operators, and businesses already dealing with high living expenses. NBS Data…
The Afreximbank Nigeria refineries initiative has gained momentum after the bank confirmed funding support for three additional refineries in Nigeria. The development is expected to strengthen local refining capacity, reduce dependence on imported petroleum products, and improve energy security in Africa’s largest economy. Afreximbank Nigeria Refineries to Expand Local Capacity Senior officials of the African…
The electricity tariff review 2026 is under consideration by the Federal Government as authorities seek to address rising costs in Nigeria’s power sector. The planned adjustment reflects growing concerns over sustainability, as operators face increasing expenses across generation and distribution. Electricity Tariff Review 2026 and Rising Sector Costs Power companies continue to struggle with high…
A former minister, Adebayo Adelabu, has confirmed that his resignation from office was approved by President Bola Tinubu. The development comes as political activities ahead of the 2027 general elections begin to gather momentum. Adelabu stated that his exit followed due process and aligned with directives issued by the Presidency for political appointees seeking elective…
Nigeria’s Federation Account Allocation Committee (FAAC) has shared a total of ₦2.04 trillion among the federal, state, and local governments for March, reflecting a significant increase in revenue. The latest FAAC allocation shows a rise of about ₦150 billion compared to previous distributions, highlighting improved government earnings during the period. The increase is largely attributed…
Former Super Eagles striker Michael Eneramo dies after collapsing during a football match in Kaduna State. The incident occurred on Friday at the Angwan Yelwa pitch in the Television area of Kaduna. Incident During Match Eyewitnesses said Eneramo came on as a substitute in the second half before he suddenly collapsed on the pitch. There…
