Federal Government Suspends Petrol Imports to Protect Local Refiners

Federal Government Suspends Petrol Imports to Protect Local Refiners

The Federal Government has suspended the issuance of petrol import licences for a second consecutive month, signalling a hard pivot toward domestic self-sufficiency. This move, enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marks the first significant application of the Petroleum Industry Act (PIA) provisions that restrict imports unless local supply fails…

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Senate Threatens Arrest Warrants Over Disputed N210tn Oil Revenue

Senate Threatens Arrest Warrants Over Disputed N210tn Oil Revenue

The Nigerian Senate has threatened to issue arrest warrants for former and current officials of the Nigerian National Petroleum Company Limited (NNPCL) over ₦210 trillion in unexplained financial records. The Senate Public Accounts Committee (SPAC) has directed the national oil giant to refund the staggering sum, which lawmakers claim was “not properly accounted for” in…

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Women’s jobs face twice the automation risk as men’s: ILO

  Generative artificial intelligence is poised to reshape global labour markets, but new data from the International Labour Organisation confirms that women will bear a disproportionate share of the disruption, with female-dominated occupations facing nearly twice the exposure risk of male-dominated roles. The findings, published in the research brief titled “GenAI, Occupational Segregation and Gender…

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Saudi Arabia Intercepts Seven Drones as War Enters Twelfth Day

Saudi Arabia Intercepts Seven Drones as War Enters Twelfth Day

Saudi Arabian air defences intercepted and destroyed seven drones on Wednesday, March 11, 2026, as the “Epic Fury” conflict between Iran and the US-Israeli alliance spilled further into the Gulf. The Saudi Ministry of Defence confirmed that two of the unmanned aerial vehicles (UAVs) were specifically targeting the Shaybah oil field, a strategic Aramco asset…

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Naira Holds Steady at N1,399 

Naira Holds Steady at N1,399 

The Nigerian Naira maintained a stable trajectory against the US Dollar during early trading on Wednesday, March 11, 2026. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel channels show the local currency has successfully resisted pressure from corporate demand. The Naira opened the day at ₦1,397.00 and, by mid-morning, was quoted at approximately…

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Keyamo Orders Hybrid Payments at Airport Gates Following Tollgate Chaos

Keyamo Orders Hybrid Payments at Airport Gates Following Tollgate Chaos

The Federal Government has authorised the immediate introduction of a hybrid payment system at all airport access gates across Nigeria. This directive, issued by the Minister of Aviation and Aerospace Development, Festus Keyamo, takes effect from Friday, March 13, 2026. The new arrangement permits both cash and electronic payments, reversing the strictly cashless policy that…

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