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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued new petrol import licences to six firms, authorising the importation of 720,000 metric tonnes. This move, confirmed on May 6, 2026, signals a pivot in the federal government’s downstream strategy, which had recently prioritised domestic refining. The licensed companies Matrix, AA Rano, AYM Shafa,…
The Nigerian Exchange Limited has extended its daily trading session to seven hours, effective Monday, 27 April 2026, as the bourse moves to deepen liquidity and align more closely with global market standards. Trading will now commence at 9:00am and close at 4:00pm West Africa Time, replacing the previous four-hour, thirty-minute window that ran…
