Petroleum marketers have accused the Dangote Petroleum Refinery of failing to load their petrol trucks weeks after they made full payments for supplies, raising fresh controversy over the refinery’s operations …
Nigeria
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BusinessEconomyEnergyGovernanceNigeriaOil & Gas
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Central BankingEconomyGlobal MarketsGovernanceMonetary PolicyNigeria
IMF Commends Nigeria’s Economic Reforms, Projects 3.9% Growth in 2025
The International Monetary Fund (IMF) has praised Nigeria’s ongoing economic reforms led by the Central Bank of Nigeria (CBN) under the leadership of its Governor, Mr. Olayemi Cardoso. The global …
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BankingBusinessEconomyEnergyForeign ExchangeNigeriaOil & Gas
Naira strengthens at official market as FX inflows fall 33%
The naira appreciated against the United States dollar in the official foreign exchange market on Monday, closing at ₦1,465.29 per dollar, even as Nigeria recorded a sharp 33 per cent …
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DemocracyGovernanceNigeriaPolitics
Governor Sule credits Tinubu’s reforms for mass defections to APC
The Governor of Nasarawa State, Abdullahi Sule, has said that the ongoing wave of defections by governors, senators, and other top politicians across Nigeria into the All Progressives Congress (APC) …
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BusinessCapital MarketEconomyFinance & ServicesINVESTMENTNigeriaStock Market
Nigerian Stock Market Gains N611bn as Industrial Stocks Lift Investor Confidence
The Nigerian Exchange (NGX) opened the week on a strong note as investors recorded a combined gain of ₦611 billion, driven by renewed interest in industrial and mid-cap stocks, particularly …
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BankingConsumer ProtectionDigital PaymentsEconomyFinancial InclusionNigeriaRegulation
BCAN Backs CBN’s 24–48-Hour Refund Policy for Failed ATM Transactions
The Bank Customers Association of Nigeria (BCAN) has thrown its weight behind the Central Bank of Nigeria (CBN) over the newly proposed 24 to 48-hour refund policy for failed Automated …
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EnergyGovernanceInfrastructureINVESTMENTNigeriaPower & Energy,
Kano, Katsina, Jigawa partner on tri-state electricity market, to acquire stake in Future Energies Africa
The governments of Kano, Katsina, and Jigawa States have agreed to form a partnership on the proposed Tri-state Electricity Market and jointly acquire equity stakes in Future Energies Africa (FEA) …
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Dangote IndustriesEconomyEnergyNigeriaOil & Gas
Nigeria Consumed 613.62 Million Litres of Petrol in One Year as Dangote Refinery Boosts Local Supply
Nigerians consumed a total of 613.62 million litres of Premium Motor Spirit (PMS), commonly known as petrol, between October 2024 and October 10, 2025, according to fresh data from the …
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EconomyFinanceGOVERNMENTNigeriaOil & GasTransparency
FG Extends NNPCL Revenue Probe to December 2024 Over $42bn Under-Remittance Allegation
The Federal Government has extended its ongoing probe and reconciliation of payments made by major revenue-generating agencies, including the Nigerian National Petroleum Company Limited (NNPCL), to December 2024, following unresolved …
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BusinessEconomyEnergyInfrastructureNigeriaOil & Gas
Dangote Refinery Challenges Marketers to Bring Trucks as Petrol Prices Hit N1,000/Litre
As petrol prices continued to rise across Nigeria over the weekend, the Dangote Petroleum Refinery has challenged marketers to bring their trucks for loading, insisting that it has more than …