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Nigeria Rejects Fuel Subsidy Return Amid US-Iran Tensions

07.05.2026
The Federal Government has ruled out a return to fuel subsidies and the introduction of price control despite rising global oil prices triggered by tensions between the United States and Iran. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, spoke during engagements with global investors in Paris, where he highlighted Nigeria’s...
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Dangote eyes 20,000MW in new power generation push

07.05.2026
Africa’s richest businessman, Aliko Dangote, has disclosed plans to expand into 20,000 megawatts of power generation, while defending his over $20bn refinery investment as proof that large-scale industrial projects are possible on the continent. Dangote made the remarks during a podcast hosted by the Managing Director of the International Finance Corporation, Makhtar Diop, and monitored...
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Dangote refinery exceeds 57m barrels in jet fuel exports

07.05.2026
Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, with shipments fluctuating sharply month-to-month but rising to a peak of about 160,000 barrels per day in the latest data. An analysis of export volumes from energy intelligence platform Kpler shows that the refinery’s monthly shipments, measured...
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Iran Creates Authority to Control Strait of Hormuz

07.05.2026
Iran has introduced a new mechanism, the ‘Persian Gulf Strait Authority’, to regulate maritime transit through the strategic Strait of Hormuz, according to Iranian state media. The Wall Street Journal reports that under the system, vessels intending to pass through the strait will receive guidance from an official email address outlining the rules for transit....
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Customs Nab 71-Year-Old With N2.35bn Cocaine Haul

07.05.2026
The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, has said that it arrested a 71-year-old man with 6.35kg of cocaine with an estimated street value of N2.35bn concealed in a Toyota Highlander. The unit also said it intercepted other contraband worth over N5.5bn and foiled 473 smuggling attempts within the last eight weeks....
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Dangote Refinery Hikes Petrol Price Again to ₦1,350

07.05.2026
Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre. The latest adjustment, confirmed on Wednesday by a senior official of Dangote Refinery and pricing platform Petroleumprice.ng, represents a N75 increase from the previous N1,275 per litre, reinforcing a pattern of frequent price recalibrations that...
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DisCos Boost Revenue Collection Despite Low Power Supply

07.05.2026
Electricity distribution companies improved their revenue collection and billing efficiency in February 2026 despite a sharp drop in power supply, according to the latest industry data released by the Nigerian Electricity Regulatory Commission. The commission’s commercial performance fact sheet showed that total energy received by the 11 DisCos fell 17.64 per cent to N277.09bn in...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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