Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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FG Gives MDAs Deadline for 2027 Budget Submissions
Bola Tinubu
The Federal Government has fixed September 18, 2026, as the deadline for ministries, departments and agencies to submit their personnel cost proposals for the 2027 budget.
The directive is part of the government’s!-->!-->!-->!-->!-->…
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Iledare urges FG to avoid blanket petrol subsidies
A petroleum economist, Prof. Wumi Iledare, has urged the Federal Government to resist returning to blanket petrol subsidies as rising crude prices push up domestic pump prices.
Iledare, a Professor Emeritus of Petroleum Economics,!-->!-->!-->!-->!-->…
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African Energy Week Remains a Forum for Investment, Dialogue and Continental Growth
Ahead of African Energy Week (AEW) 2026 in Cape Town, the African Energy Chamber is calling on continental leaders to safeguard cross-border investment, streamline visa-free travel while prioritizing economic sovereignty over!-->!-->!-->…
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President Obasanjo Ordered NNPC To Pay Full International Price For Refinery Crude – Otega Ogra
Otega Ogra, Senior Special Assistant to President Bola Tinubu on Digital and New Media, has questioned former Vice-President Atiku Abubakar’s proposal to introduce a production subsidy for crude oil supplied to local refineries.
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Business confidence expected to hit 36.1 points by February 2027 — CBN survey
Business confidence among formal-sector enterprises is expected to strengthen significantly over the next six months, reaching 36.1 index points by February 2027.
This is according to the Central Bank of Nigeria’s (CBN) Business!-->!-->!-->!-->!-->…
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BRICS Summit: Joint declaration would be an amazing achievement – JNU Professor Rajan Kumar
A joint declaration at the BRICS Summit would be an “amazing achievement” as leaders of the member countries are already in Delhi, said Rajan Kumar, Professor at the School of International Studies, Jawaharlal Nehru University.
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Nigerians earning below N70,000 feel inflation hardest, CBN survey shows
About 68.4% of Nigerians earning below N70,000 perceived inflation as high in August 2026, the highest level recorded across the income categories surveyed by the Central Bank of Nigeria (CBN).
The figure compares with 30.8% among!-->!-->!-->!-->!-->…
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US reduces daily air defence protection time for Oil tankers travelling through Strait of Hormuz
According to a report by Times of Israel on Saturday September 12, 2026, the United States has reportedly reduced the number of daily time periods during which it provides air defense protection to oil tankers travelling through the!-->!-->!-->…
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Dangote Refinery Raises Petrol Price to N1,350/Litre
Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N85 per litre, raising the wholesale price from N1,265 to N1,350 per litre and fuelling fresh concerns over another round of petrol price increases!-->!-->!-->…
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Group Accuses Tinubu Govt Of Shifting Economic Burden To Workers, Poor Nigerians
President Bola Tinubu
The organisation argued that millions of Nigerians produce the country's wealth through their labour, but the benefits remain concentrated in the hands of a small political and economic elite.
The Centre for!-->!-->!-->!-->!-->…
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