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The Dangote Petroleum Refinery has announced a sweeping reduction in the prices of petrol and diesel, effective March 10, 2026. In a move described by management as a reflection of “economic patriotism,” the gantry price of petrol (PMS) has been cut by ₦100, falling from ₦1,175 to ₦1,075 per litre. Diesel (AGO) saw an even…
Nigeria’s daily petrol consumption fell to 56.9 million litres in February, down from 60.2 million litres in January. New data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals a cooling of demand alongside a sharp contraction in supply. Total domestic petrol supply plummeted to 39.6 million litres per day, a significant drop…
President Bola Tinubu has signed the African Union Convention for the Protection and Assistance of Internally Displaced Persons (IDPs) into law. This landmark legislation, often referred to as the Kampala Convention, formally integrates the 2009 regional treaty into Nigeria’s domestic legal framework. The move aims to address the systemic failures in managing the nation’s displacement…
The Federal Airports Authority of Nigeria (FAAN) has issued over 100,000 airport access cards as it scrambles to digitise toll collections nationwide. Managing Director Olubunmi Kuku revealed on Monday that 62,000 of these registrations occurred in a frantic three-day window following the botched enforcement of a new cashless policy. The surge in applications comes as…
Nigerian troops have defeated a series of simultaneous terrorist assaults across Borno and Yobe states. The Islamic State West Africa Province (ISWAP) launched the coordinated strikes overnight between 8 and 9 March 2026. Targets included military positions in Delwa, Goniri, Kukawa, Mainok, and a forward base deep within the Sambisa Forest. While the army maintained…
The cost of Premium Motor Spirit (PMS) surged to ₦1,300 per litre across Nigeria on Monday, as the fallout from the US-Iran war reached domestic pumps. The price jump followed a fresh adjustment by the Dangote Petroleum Refinery, which raised its gantry price to ₦1,175 per litre. This marks the third upward revision by the…
The United States Embassy in Nigeria has issued a high-level security alert regarding potential terrorist attacks on its diplomatic missions and affiliated schools. This warning follows the dramatic escalation of the Israel-Iran War, which entered its eleventh day on March 10, 2026. American officials have advised their citizens in Abuja and Lagos to adopt extreme…
A shipment of liquefied natural gas (LNG) from Nigeria has been diverted from its European course to Asia, as traders move to capitalise on a massive price premium in the Pacific. Shipping data from Kpler shows the tanker BW Brussels, which loaded at the Bonny Island terminal on February 27, abandoned its westward route toward…
The Senate Committee on Public Accounts has rejected the financial explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding ₦210 trillion in unaccounted funds. Committee Chairman Aliyu Wadada announced on Sunday Politics that the current leadership, led by Group CEO Bayo Ojulari, failed to substantiate two massive entries in the company’s 2017–2023 audited…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the latest surge in fuel pump prices to the “vagaries of market forces” following the escalation of the US-Israel-Iran war. NMDPRA spokesperson George Ene-Ita stated on Sunday that under the current deregulated regime, the government no longer dictates prices. Instead, local costs are directly…
