Some Nigerians are reportedly using their savings, taking loans and even selling personal belongings to raise money to buy shares in the Dangote Petroleum Refinery. The refinery opened its Initial Public Offering on September 14, giving Nigerians the opportunity to own shares in the company. The offer consists of 4.1…

Dangote says petrol prices in Nigeria remain high despite local refining because the Dangote Refinery still buys crude oil at prevailing international market prices. Speaking on Arise TV, the President of Dangote Group, Aliko Dangote, said the refinery paid as much as 124 dollars per barrel for crude in May,…

President of the Dangote Group, Aliko Dangote, says petrol selling at N1,350 per litre in Nigeria remains cheaper than in neighbouring countries. Dangote says petrol prices in those countries are between 30 and 50 per cent higher than in Nigeria, making cross-border smuggling more attractive. He disclosed this during an…

The Nigerian naira opened the new week relatively stable against the United States dollar, with the official exchange rate remaining lower than the parallel-market rate. At the Nigerian Foreign Exchange Market, the dollar is trading at about N1,326.84 as of Monday, September 14, 2026. In the parallel market, the dollar…

Oil marketers in Nigeria are preparing to increase the pump prices of petroleum products following a surge in international crude oil prices above $100 per barrel. The rise is being driven by escalating tensions in the Middle East and fears of disruptions to global oil supplies, raising concerns about higher…

The Chartered Institute of Bankers of Nigeria, CIBN, says Nigeria’s improving economic indicators will mean little unless they translate into lower living costs, more jobs, higher incomes and better living standards for citizens. The President and Chairman of Council of the CIBN, Dr Dele Alabi, made this known at the…