News

US Diesel Hits Record $6: Is Nigeria’s ₦2,000/Litre Price Heading Higher?

Diesel prices in the United States have crossed $6 per gallon for the first time, highlighting the growing inflationary impact of the global energy supply shock.

Navy Strikes Drug Ring On River Niger, Busts 71kg Cannabis Consignment

The Nigerian Navy has intensified its offensive against drug trafficking through Nigeria's inland waterways after its personnel intercepted a suspected narcotics consignment and arrested three suspected traffickers on the River Niger in Kogi State.

ASUU Loads Strike Gun, Threatens Nationwide Shutdown

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ASUU President Chris Piwuna, said the union had become frustrated by the manner in which governments had handled the implementation of the agreement, accusing them of paying what it described as “lip service” to issues that were painstakingly negotiated and agreed upon.

Nigeria’s Oil Output Slips 5,000bpd To 1.5mbpd In August

The figures, contained in OPEC’s September 2026 Monthly Oil Market Report, showed that Nigeria’s crude production averaged 1.50 million barrels per day (mbpd) in August, compared with 1.505mbpd in July.

Gunmen Storm Johannesburg Home, Shoot Nigerian Bishop Dead

The Nigerian Citizens Association South Africa (NICASA) has reported the killing of a 58-year-old Nigerian cleric, Bishop Taiwo Michael Fakunle, in Johannesburg, South Africa.

Bank Earnings Delay: Investors Wait For CBN Clearance As Key H1 Data Remains Unavailable

GTCO, Access Holdings, United Bank for Africa and Fidelity Bank secured extensions from the Nigerian Exchange Limited to September 30 to submit their audited half-year results.

China Supplies 39 Percent Of Nigeria’s Imports As Trade Deficit Hits ₦9.9trn

Nigeria’s imports from China increased from ₦5.10 trillion in the first quarter of 2026 to ₦5.92 trillion in the second quarter, according to the latest Foreign Trade in Goods Statistics from the National Bureau of Statistics.

Flutterwave Brings Dangote Refinery IPO To WhatsApp, Digital Payments

Flutterwave is bringing a new digital payment route to Dangote Petroleum Refinery and Petrochemicals' ₦525-per-share IPO, allowing Nigerians at home and abroad to fund subscriptions through web and mobile channels.

Dangote Refinery Discloses ₦295bn Claims In Nine Material Court Cases

The nine material cases met the ₦100 million materiality threshold and relate to disputes arising in the ordinary course of the refinery’s operations.

Xenophobic Attacks: NASS Hits Back At South Africa, Suspends All Official Visits, Legislative Events

The Nigerian National Assembly has hit back at South Africa over recurring xenophobic attacks against Nigerians and other African nationals, suspending all official visits to the country and ordering a boycott of legislative activities hosted or organised by South African authorities.