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nnpc-remits-may5 Business

NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Reforms Take Hold

The Nigerian National Petroleum Company Limited remitted N2.89 trillion ($2.11 billion) to the Federation Account in the…

Amina Garba · May 5, 2026 · 3 min read
naira-rally-may5 Business

Naira Posts Biggest Weekly Gain in Months, Hits N1,367 at NAFEX

The Nigerian naira recorded its strongest weekly performance in months, appreciating to N1,367.5 per dollar at the Niger…

Amina Garba · May 5, 2026 · 2 min read
nnpcl-petrol-hike-2026 Business

NNPCL Raises Petrol Price to ₦1,320/Litre as Marketers Sell Up to ₦1,444

Nigerians woke up to higher fuel prices on Workers’ Day. NNPCL has raised the pump price of petrol to ₦1,320 per…

Amina Garba · May 2, 2026 · 2 min read
story5-pmi Business

Nigeria PMI Dips to 49.4 in April, First Contraction in 16 Months

Nigeria’s economy contracted in April 2026 for the first time in 16 months. The Central Bank of Nigeria’s Co…

Amina Garba · Apr 30, 2026 · 2 min read
nnpc-crude-prices Business

NNPC Hikes Crude Prices by Up to $7/Barrel — Nigeria Reaps Windfall From Iran War

Nigeria’s oil company is getting the better end of the Middle East crisis — for now. NNPC Limited has raised the…

Amina Garba · Apr 29, 2026 · 2 min read
uae-opec Business

UAE Exits OPEC: Nigeria’s Oil Revenue Under Fresh Pressure

The United Arab Emirates has quit OPEC, and Nigeria is now working out what it means. Abu Dhabi made the announcement on…

Amina Garba · Apr 29, 2026 · 2 min read
iran-hormuz-reclosure News

Iran Closes Strait of Hormuz Again as Ceasefire Deadline Looms

Hormuz Shuts Again as Ceasefire Clock Ticks Iran has reimposed control over the Strait of Hormuz, closing the strategic…

Claudia Kane · Apr 18, 2026 · 2 min read
nigerian-crude-113-per-barrel-oil-surge Business

Nigerian Crude Surges to $113/b — Far Above Brent’s $96/b as Iran War Reshapes Energy Markets

Nigeria’s crude oil grades are trading at a premium on global markets, with Brass River and Qua Iboe selling at $1…

Amina Garba · Apr 16, 2026 · 2 min read
trump-china-iran News

Trump Threatens China With 50% Tariff If It Arms Iran, Offers Cheaper American Oil Instead

US President Donald Trump has warned China that it would face a 50 percent tariff on all goods entering the United State…

Claudia Kane · Apr 13, 2026 · 3 min read
hormuz-blockade News

Trump Orders Naval Blockade of Strait of Hormuz After Iran Peace Talks Fail

Peace talks in Islamabad went nowhere The war between the United States and Iran escalated again on Sunday. Peace talks…

Claudia Kane · Apr 12, 2026 · 3 min read

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