As the world continues to experience global supply disruptions and surging crude oil prices, Dangote Petroleum Refinery has reassured its commitment to a steady fuel supply in Nigeria, emphasising that the nation's domestic refining capacity provides a crucial buffer against international market shocks. The refinery's Managing Director, David Bird, who spoke in a media chat …
Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
The Tunisian government has unveiled plans to undertake a major expansion of its main international gateway, Tunis–Carthage International Airport estimated at $1 billion, as the North African country seeks to modernise air transport infrastructure and strengthen its tourism industry. In a statement, the Tunisia Ministry of Transport said the project forms part of a broader …
The head of the Catholic Church, Pope Leo XIV, on Sunday expressed concern over the escalating conflict involving Iran, warning that the violence could spread across the Middle East and urging an immediate halt to hostilities. Speaking during the traditional Angelus prayer at St Peter’s Square, the pontiff said troubling reports continued to emerge from …
The U.S. dollar steadied against major global currencies on Tuesday after Donald Trump stated that the ongoing conflict involving Iran could end “very soon", easing some fears in global financial markets. The greenback traded at 157.73 yen and $1.1632 per euro in Asian markets. The currency remained mostly firm despite retreating slightly from the highs …
Nigeria’s push to strengthen local sugar production gained momentum as the National Sugar Development Council (NSDC) and the Bank of Industry (BOI) launched a ₦10 billion Sugar Project Acceleration Fund (SPAF) to support the development of new sugar projects across the country. The initiative targets greenfield sugar projects and aims to provide both financing and …
Jaiz Bank Plc has appointed Omolara Muinat Ismail as Executive Director, strengthening its leadership team as the bank continues its growth strategy. The appointment, which took effect on February 28, 2026, was approved by the Central Bank of Nigeria, the bank said in a statement issued on Monday and signed by its Company Secretary and …
The Nigerian National Petroleum Company (NNPC) Limited recorded a significant drop of 46.7 per cent in revenue from ₦4.824 trillion in December 2025 to ₦2.571 trillion in January 2026. The national oil firm, however, recorded a marginal increase in profit after tax of ₦385 billion in January from ₦351 billion in December, representing a 9.7 …
Dangote Refinery has further increased the price of Premium Motor Spirit (petrol) at its gantry by ₦180 to ₦1,175 per litre, from ₦995. This latest increase marks the third price increase in one week, following the escalating conflict in the Middle East, which has led to the disruption of crude oil supply and the consequent …
The Federal Government of Nigeria says more than 199,000 farmers have received agricultural risk protection worth about ₦700 billion in the last two years as part of efforts to strengthen food production. The Minister of Agriculture and Food Security, Abubakar Kyari, disclosed this in Abuja. He said the support came through the Nigerian Agricultural Insurance …
