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Former Kano State Governor, Ibrahim Shekarau, has resigned his membership of the Peoples Democratic Party (PDP) and joined the ruling All Progressives Congress (APC). He announced his defection on Sunday at his residence in Kano. Shekarau governed Kano State from 2003 to 2011 under the defunct All Nigeria Peoples Party (ANPP). He joined the PDP …

Shekarau Dumps PDP, Returns to APC

Foreign-owned fast-moving consumer goods (FMCGs) companies in Nigeria are facing growing financial pressure as rising finance costs, heavy dollar debt, and dependence on parent company funding continue to weigh on their operations and shareholder value, a review of their 2025 audited accounts shows. While some companies recorded a return to profitability, the underlying numbers reveal …

Nigeria is currently ranked among countries with relatively low petrol prices globally. According to GlobalPetrolPrices.com, the average price of petrol, also known as gasoline, around the world as of April 13, 2026, is $USD1.50 per litre. Data published by the oil and gas analytical firm indicates that Nigeria is currently ranked 23rd ($0.90 per litre) …

Experts, Marketers Differ on 15% Fuel Import Duty Suspension

‎Former Senate President Bukola Saraki and former Governor of Kwara State, Abdulfatah Ahmed have accused incumbent Governor AbdulRahman AbdulRazaq of pursuing a political vendetta against them with issues linked to the 2018 robbery incident in offa. ‎ ‎The reactions by Saraki and Ahmed, who are AbdulRazaq's predecessors, came after the state government filed 20-count charges …

The hope for cheaper fuel has been dampened after Iran closed the Strait of Hormuz again on Saturday, reversing the brief optimism that followed its reopening on Friday. Iran's military declared the Strait of Hormuz blocked again on Saturday, April 18, hours after it was reopened. The move is a direct response to the U.S. …

Hope of Cheaper Fuel Dashed as Iran Closes Strait of Hormuz Again

The Airline Operators of Nigeria (AON) has temporarily suspended its planned nationwide shutdown of flight operations, which was scheduled to begin on Monday, April 20, 2026. ‎ ‎This decision follows an appeal from the Minister of Aviation and Aerospace Development, Festus Keyamo. ‎ ‎​According to a communique issued by AON after an emergency meeting of …

Nigerian Airlines Caught in Pricing Dilemma Amid Jet Fuel Price Spike

Following the announcement of a 10-day ceasefire between Israel and Lebanon, Iran has officially declared the Strait of Hormuz "completely open" for all commercial vessels. The reopening, announced on Friday, April 17, 2026, by Iranian Foreign Minister Abbas Araghchi, marks a significant shift in the process towards resolving the Middle East conflict. This development comes …

Iran reopens Strait of Hormuz after Israel-Lebanon truce

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims that aviation fuel (Jet A1) is selling for N3,300 per litre, describing such reports as inaccurate and inconsistent with current market data. In a statement released on Friday, signed by NMDPRA Director of Public Affairs, George Ene-Ita, the Authority said that though fuel …

NMDPRA Counters N3,300 Aviation Fuel Price Claim

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