Power Subsidy Hits N358bn Despite Blackouts, Weak Supply
The Federal Government incurred an electricity subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to freeze end-user tariffs,...
Dangote Refinery Cuts Fuel Prices Again, signals further moderation
PETROLEUM PRODUCT PRICING STATEMENT 3rd new
...Reduces PMS by N200 per litre in one month, says refinery absorbed global oil price surge
Dangote Petroleum Refinery &...
Dangote Cement Pays N3.3trn Dividends in 15 Years
The Group Managing Director of Dangote Cement Plc, Mr Arvind Pathak, says the company has paid more than N3.3 trillion in dividends to shareholders...
Naira Rebounds to N1,369/$ as Official FX Turnover Tops $1bn
The naira appreciated to N1,369 per United States dollar at the official foreign exchange market on July 1, recovering part of the losses recorded...
IMF Flags Nigeria’s Unreported Public Spending at 2% of GDP
The International Monetary Fund (IMF) has estimated that Nigeria failed to record public expenditure equivalent to about two per cent of its Gross Domestic...
Dangote Refinery Broadens Crude Supply with First UAE Imports
Dangote Petroleum Refinery has imported its first crude oil cargoes from the United Arab Emirates, marking a notable shift in its feedstock strategy and...
