Here is the New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news stories making headlines from Monday, March 2, 2026 to Saturday, March 7, 2026
M’East Crisis: Dangote Refinery Hikes Fuel Gantry Price To N995
The Dangote Petroleum Refinery and Petrochemicals on Friday again increased its fuel gantry price to N995 per litre.
Saturday Telegraph had earlier reported that the refinery on Monday hiked its…Read more
30 Banks Meet CBN’s Minimum Capital Threshold
30 banks have met the Central Bank of Nigeria (CBN)’s new minimum capital requirements applicable to their respective licence authorisations, as of 6th March,2026, less than 25 days to the March 31st deadline.
The Apex bank confirmed this development in a latest update issued by the…Read more
NGX Extends Rally As Investors Push Market Cap To N126.44trn
The Nigerian equities market closed higher today as gains recorded in several sectoral indices lifted the overall market performance.
Data from the Daily Official List of the Nigerian Exchange Limited showed that…Read more
NEPC Reaffirms Support For Nigerian Exporters To EU Market
The Nigerian Export Promotion Council (NEPC) has reiterated its commitment to guiding Nigerian exporters on regulatory standards required for agricultural and food products to enter the European Union market.
Mrs Nonye Ayeni, Executive Director of NEPC, said this during a technical…Read more
NERC Orders Discos To Adopt Procedure To Tackle Meter Bypass
The Nigerian Electricity Regulatory Commission (NERC) has directed Electricity Distribution Companies to adopt a comprehensive Standard Operating Procedure to detect meter bypass, tampering and other electricity theft.
The directive is contained in Order No. NERC/2014/148, published on…Read more
Shettima: Tax Reforms’ll Not Impoverish Nigerians
Vice President Kashim Shettima, has said the implementation of new tax reforms will eliminate the burden of multiple levies and charges on small businesses and low-income earners in Nigeria, thereby helping to reduce poverty.
Shettima noted in Abuja that the planning and implementation of the...Read more
TotalEnergies Forecasts N1.32bn Profit For Q2 2026
TotalEnergies Marketing Nigeria Plc has projected a profit after tax of about N1.32 billion for the second quarter ending June 2026, according to its financial forecast submitted to the Nigerian Exchange Limited.
The company’s profit and loss projection shows that it expects to generate revenue of…Read more
Marketers, Dangote Trade Words Over Petrol Price
Data from the Major Energies Marketers Association of Nigeria (MEMAN) has shown that a litre of imported petrol is about N64 cheaper than one produced by the Dangote Petroleum Refinery amid the continued escalation of the US-Iran war.
Reacting in a statement issued on Thursday, Dangote refinery debunked…Read more
Senate Summons Ex-NNPCL Boss, Kyari Over Alleged ₦210trn Unaccounted Funds
On Thursday, the Senate summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over an alleged N210tn expenditure between 2017 and 2023, which the lawmakers say has not been properly accounted for.
The Senate committee on public accounts summoned Kyari alongside the…Read more
Nigeria Recorded N2.96tn Company Income Tax In Q3’25
Nigeria generated N2.96 trillion from Company Income Tax (CIT) in the third quarter of 2025, representing a 6.55 per cent increase compared to the N2.78 trillion recorded in the second quarter of the year.
Data released by the National Bureau of Statistics (NBS) showed that the…Read more
Dangote Refinery Reaffirms Commitment To National Energy Stability
Dangote Petroleum Refinery & Petrochemicals reassures Nigerians of its unwavering commitment to serving as a stabilising force amid recent shocks in the international oil market.
It stated this in a statement on Thursday. It noted that the conflict in the…Read more
NNPCL Hikes Petrol Price To N933/Litre In Lagos, N960 In Abuja
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday increased Premium Motor Spirit (PMS), otherwise known as petrol or fuel price at its retail outlets to N933 per litre in Lagos and N960 per litre in Abuja.
New Telegraph reports that the NNPCL increased the price of its petroleum…Read more
DMO Offers 2 Savings Bonds For Subscription At N1,000 Per Unit
The Debt Management Office (DMO) has listed two FGN savings bonds for subscription at N1,000 per unit. According to a release by the DMO, the first offer is a two-year FGN Savings Bond due on March 11, 2028, at interest rate of 12.906 per cent per annum.
It listed the second of er as a three-year FGN Savings Bond due on…Read more
CBN: Private Sector Credit Down 0.78% To N75.83trn In January
Private Sector Credit Extension (PSCE) fell marginally by 0.78 per cent, or N593. 02 billion, to N75.83 trillion in January 2026, compared with the N75.24 trillion recorded in December 2025, according to the latest “Money and Credit Statistics” released by the Central Bank of Nigeria (CBN).
The data also shows that on a Year -on-Year basis, PSCE declined by 1.99 per…Read more
CBN Takes Custody Of Locally Sourced Gold In Foreign Reserves
The Central Bank of Nigeria (CBN) has taken into its reserves Nigeria’s refined gold, bringing total gold holdings in CBN’s reserves to $3.5 billion.
CBN Governor, Mr Olayemi Cardoso, confirmed the development, disclosing that…Read more
