Dangote rolls out N739/litre petrol at MRS stations nationwide
Dangote Petroleum Refinery has started nationwide sales of Premium Motor Spirit (petrol) at a pump price of N739 per litre at all MRS Oil Nigeria Plc filling stations, marking a…
Otedola acquires additional N14.8bn shares in First HoldCo
Femi Otedola, chairman of First HoldCo Plc, has bought new shares worth N14.8 billion in the financial holding firm, bringing his position to more than 18 percent. The transaction was…
Senate reviews 2025 budget, cuts spending plan to N43.56trn
The Senate reviewed a bill on Wednesday that sought to repeal and re-enact the 2024/2025 Appropriations Act, proposing a revised budget of N43.56 trillion. President Bola Tinubu had earlier sent…
President Bola Tinubu
Tinubu seeks senate approval for new CEOs of NMDPRA and NUPRC
President Bola Ahmed Tinubu has formally requested the Senate’s approval for new chief executives to lead the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum…
Customs, NMDPRA tighten export controls to curb fuel diversion
The Nigeria Customs Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have increased collaboration to combat the diversion of petroleum products intended for local consumption, as Nigeria steps…
CBN orders PoS providers to integrate systems with NIBSS, UPSL within one month
The Central Bank of Nigeria (CBN) has ordered all acquirers, processors, and payment terminal service providers (PTSPs) to implement mandatory dual connectivity with the Nigeria Inter-Bank Settlement System (NIBSS) and Unified…
Dangote refinery slashes petrol gantry price to ₦699/Litre
The Dangote Petroleum Refinery reduced the gantry price of its Premium Motor Spirit, PMS, or petrol, by 16% to ₦699 per litre from ₦828, with effect from December 11, 2025.…
NNPC reports explosion on Escravos-Lagos pipeline
The Nigerian National Petroleum Company (NNPC) Limited reports an explosion on its Escravos-Lagos pipeline. Andy Odeh, NNPC spokesperson, stated on Friday that the incident occurred on December 10 near the…
ECOWAS to STOP air ticket taxes from January to cut airfares
The Economic Community of West African States (ECOWAS) has announced that beginning in January 2026, flight ticket fees would be prohibited in all subregional airports. Chris Appiah, ECOWAS' director of…
NUPRC cuts 2025 oil licensing signature bonus to $3m
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announces that the federal government has cut the signature incentive for the 2025 petroleum licensing round to between $3 million and $7 million.…
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