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Dangote’s partner station MRS, NNPC raise petrol price by N100/litre

Less than 24 hours after Dangote Petroleum Refinery & Petrochemicals raised the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N100 per litre, its partner retail outlet, MRS Oil Nigeria Plc, and NNPC Limited have increased their pump prices by a similar margin.

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Nigeria’s private sector rebounds as PMI climbs to 53.2 pts in February

By Peter Egwuatu Nigeria’s private sector recorded a strong rebound in February, as renewed growth in customer demand lifted business activity and eased inflationary pressures, the latest Purchasing Managers’ Index (PMI) survey report by Stanbic IBTC Bank has shown. The headline PMI rose to 53.2 in February from 49.7 in January, returning above the 50.0 threshold […]

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FG begins implementation of Executive Order on oil, gas revenues

By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosing this in a statement yesterday said a Technical Committee has been set up to ensure payment of the affected revenues into […]

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Nigeria’s Net External Reserves rises 50.5% to $34.8bn- Cardoso

By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024.   In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […]

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Governors back Tinubu’s oil revenue reform, urge direct remittance to Federation Account

The 36 state governors, under the aegis of the Nigeria Governors’ Forum (NGF), have thrown their weight behind President Bola Tinubu’s reforms requiring oil and gas revenue entitlements to be remitted directly into the Federation Account.

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