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NEWS LENS
Customs Seal Vessel Over Illegal Petrol Discharge Operations
The Nigeria Customs Service has stated that it sealed MT NY Maria because the vessel was found discharging Premium Motor…
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OIL & GAS
Oil Revenue Falls N7.88trn Below Budget Target In Q3’25
Nigeria’s oil revenue performance fell sharply below budget expectations in the third quarter of 2025 (Q3’25), as the gross oil revenue…
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NEWS LENS
AfDB Appoints Keyamo To Lead $7bn Africa’s Aviation Transformation
The African Development Bank (AfDB) has appointed Festus Keyamo, Minister of Aviation and Aerospace Development, as the African champion for its…
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ASSETS & FINANCIALS
India Turns To Nigeria, Other African Countries For Soybeans
India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel…
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ASSETS & FINANCIALS
MTN Remits N879bn Taxes Amid Revenue, Profit Growth
As Nigeria intensifies efforts to expand non-oil revenue and improve tax collection under its fiscal reform agenda, corporate tax contributions…
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NEWS LENS
NCAA Issues Ebola Alert To Airlines, Airport Operators
The Nigeria Civil Aviation Authority has issued a public health advisory to airlines, air navigation service providers, and aerodrome operators…
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NEWS LENS
FG Decorates 492 Deep Blue Project Ambassadors, Plans Expansion To Other Corridors
There are plans underway to expand the Deep Blue Project to vulnerable coastal and maritime corridors across the country,…
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ASSETS & FINANCIALS
Berger Paints Grows Profit 157%, Dividend Up 37.5%
Shareholders of Berger Paints Nigeria Plc have approved a final dividend payout of N1.25 per share for the financial year…
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OIL & GAS
Chinese Investors May Acquire 51% Stake In PH, Warri Refineries
The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake…
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OIL & GAS
DisCos Install 241,590 Meters Amid Billing Complaints
Electricity distribution companies installed 241,590 meters across Nigeria in the first two months of 2026 amid ongoing efforts to reduce…
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OIL & GAS
Nigeria’s Oil Exploration Declines 41.7% As Rig Count Falls — OPEC
Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities.…
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OIL & GAS
Nigeria Oil Firms Surge Under Local Content Policy
Oil operating firms in Nigeria have increased from fewer than 10 before the implementation of local content policies to about…
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NEWS LENS
Customs Digitises Airport Declaration Process To End Delays
The Nigeria Customs Service (NCS), yesterday launched the Simplified Customs Advanced Declaration System (SCADS) at the International Wing of the Nnamdi…
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ASSETS & FINANCIALS
FGN Bond Subscriptions Drop 45% Despite Higher Yields
Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite…
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NEWS LENS
NIMASA Strengthens Inter-Agency Cooperation On Maritime Security
The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, has stressed the agency’s resolve to strengthen…
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OIL & GAS
Dangote Refinery Reduces Jet Fuel Price To N1,650/litre
The Dangote Petroleum Refinery has dropped the price of jet fuel from N1,750 to N1,650 per litre. The company disclosed…
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ASSETS & FINANCIALS
Food Inflation Spikes Above 20% In 11 States
Food inflation remained above 20 per cent in 11 states in April 2026, even as national food inflation surpassed headline…
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OIL & GAS
Lagos Plans End To Electricity Band Classification
The Lagos State Government says it is planning to phase out the classification of electricity customers into different bands as…
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ASSETS & FINANCIALS
CBN Launches FX Manual, Grants Extractive Firms Full Proceeds Access
The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies…
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OIL & GAS
FMDA Forecasts 16.42% April Inflation Rate Amid Fuel, Food Prices Surge
The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April…
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