Dangote Refinery Raises Petrol Price to N874 per Litre

Nigeria's Dangote Petroleum Refinery has raised its Premium Motor Spirit ex-depot price from N774 to N874 per litre, citing rising global crude oil costs and replacement expenses. The adjustment may trigger nationwide fuel price increases.

Middle East Crisis Sparks Global Energy Price Surge

Military attacks on Middle Eastern energy facilities have triggered a sharp rise in global oil and gas prices, with Brent crude climbing 10% and natural gas surging nearly 50%. The crisis is impacting European markets and Nigerian fuel prices.

Nigeria's Oil Hits $80/Barrel Amid Iran Conflict

Nigeria's Bonny Light crude oil price surged to $80 per barrel, its highest since July 2025, following US-Israel strikes on Iran. Global benchmarks rose sharply, potentially boosting Nigeria's revenues but risking higher domestic fuel prices.

Sokoto State to Launch Caliphate Air in 2026

Sokoto State Government is set to launch Caliphate Air, a state-backed airline, in the second half of 2026. The carrier will operate passenger and cargo flights from Abuja, with plans to use Embraer regional jets.

Ogun Unveils Mega Garment Factory, Abiodun Vows 250,000 Jobs

Ogun State has launched a massive cotton garment factory projected to create 250,000 jobs, with Governor Dapo Abiodun envisioning it as a world-class textiles hub integrated with the Gateway Agro-Cargo Airport for enhanced supply chains.

NCAA Orders Airlines to Refund Wrongful VAT Charges

The Nigeria Civil Aviation Authority has directed Air Peace, Max Air, United Nigeria Airlines, and others to refund passengers wrongly charged VAT on tickets purchased before January 1, 2026, following regulatory intervention.

NGX Loses N1.4 Trillion in One Week as Market Declines

The Nigerian Exchange Limited closed the final week of February 2026 on a bearish note, with market capitalisation shedding N1.4 trillion. Financial Services stocks led trading activity, while key equities like Zenith Bank and Japaul Gold saw significant

Career Opportunities in Accounting in Nigeria

Discover the wide range of accounting careers in Nigeria, from chartered accountants to forensic specialists, with insights into salaries, sectors, and professional certifications driving demand.

MDGIF Commissions CNG Station at OAU to Boost Clean Energy

The Midstream and Downstream Gas Infrastructure Fund has inaugurated a Compressed Natural Gas refueling facility at Obafemi Awolowo University, marking a significant step in Nigeria's energy transition and academic-industry collaboration.

SunTrust Bank Exceeds N50bn CBN Capital Requirement Early

SunTrust Bank Nigeria Limited has successfully exceeded the N50 billion minimum capital requirement set by the Central Bank of Nigeria, achieving this milestone four weeks before the March 31 deadline. The bank's capital boost was driven by a private plac

Page 7 of 145