GBN

Lagos, March 11, 2026 – Dangote Refinery has reduced its ex-gantry price of petrol to ₦1,075 per litre ₦1,175 per litre. Anthony Chiejina, its Chief Spokesman, said on Tuesday that the company would now sell petrol at ₦1,050 per litre across its coastal distribution channels. He said the company had also reduced the price of diesel to ₦1,430 per litre from ₦1,620 per litre to reflect the global trend. “Under the revised pricing structure, the gantry price of PMS has been reduced from ₦1,175 to ₦1,075 (₦100) per litre, while …

Abuja, March 11, 2026 – Nigeria’s government is monitoring escalating ​tensions in the Middle East as ‌it assesses potential risks to the country’s economic stability, the finance ministry said on ​Wednesday. Finance Minister Wale Edun convened the ​Economic Management Team to review how ⁠the U.S.-Israeli conflict with Iran could ​affect oil prices, capital flows and logistics ​costs. The ministry said volatility in global energy markets, including possible disruptions around the Strait of Hormuz, ​is already pushing up crude prices ​and could raise domestic costs for fuel, diesel, ‌cooking ⁠gas and …

Beijing, March 11, 2026 – As the war in Iran sent oil prices soaring, one market holding up unexpectedly well is that of the world’s largest crude importer: China. Chinese stocks have fallen less than global peers since the conflict began, the yuan has held steady against the dollar and government bond yields have barely moved. Together, this amounts to surprising resilience in a crisis that, at first glance, appeared likely to leave the country vulnerable. For decades Beijing has sought to insulate its economy from precisely this kind of shock. …

Abuja, March 11, 2026 – Justice Kudirat Kekere-Ekun, the Chief Justice of Nigeria (CJN), has described the Federal Competition and Consumer Protection Commission (FCCPC) as a critical institution for safeguarding Nigeria’s business environment and protecting the integrity of the marketplace. Kekere-Ekun made the observation in Abuja on Tuesday while delivering a keynote address at the opening of a three-day Competition and Consumer Protection Law Conference.  “As the statutory authority responsible for enforcing competition and consumer protection laws, the Commission plays a vital role in safeguarding the integrity of the marketplace,” …

Lagos, March 11, 2026 – Dr Dayo Mobereola, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has called for digital transformation to encourage more women participation in the maritime industry. Dr Mobereola made the call in Lagos at a regional symposium organized by NIMASA in collaboration with the Kofi Annan International Peacekeeping Training Centre (KAIPTC), Ghana. The theme of the symposium was “Digitalization and the Empowerment of Women in the Maritime Sector of West Africa: Opportunities, Challenges and Pathways.” Mobereola, who was represented by Chudi Offodile, …

Singapore, March 11, 2026 – Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency’s reported plan for a ​record release of oil reserves could offset potential supply shocks from the U.S.-Israeli conflict with Iran. Brent futures traded up 59 cents, or 0.7%, at $88.39 a barrel ‌by 0727 GMT. U.S. West Texas Intermediate (WTI) traded 98 cents higher, or 1.2%, at $84.43 a barrel. Both contracts extended losses in early Asian trade, after plunging more than 11% on Tuesday, despite U.S. crude prices leaping 5% at …

Akure, March 11, 2026 – The Ondo State government has begun a routine statewide enforcement exercise to sanitise outdoor advertising landscape and ensure full compliance with extant regulations. The Ondo State Signage and Advertisement Agency (OSSA) disclosed this in Akure on Monday via a statement issued by Yòmí Oyékàn, the Senior Special Assistant on Signage and Advertisement, The statement said the enforcement activity, which commenced across major towns and highways on Tuesday, included the removal of dilapidated advertisement structures, illegal campaign banners and unauthorised billboards. The exercise is also to …

Abuja, March 10, 2026 – The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded N2.57 trillion revenue in January 2026. The figure represents a drop from N4.82 trillion recorded in December 2025. The company also posted N385 billion profit after tax in January. The NNPCL reported this in its January 2026 Monthly Report Summary released on Monday,   The report said the decline in revenue during the month was in spite of increased crude oil production level to 1.64 million barrels per day and increased natural gas output to 7.283 …

Lagos, March 10, 2026 – The FCMB Group Plc has successful completed its capital raise programme for First City Monument Bank Limited. The group disclosed this on Monday in a statement to the Nigerian Exchange signed by Ladi Balogun, the Group Chief Executive. It said it had received all requisite approvals from the Central Bank of Nigeria, the Securities and Exchange Commission as well as the National Pension Commission. The group achieved the additional capital injection through two primary financial instruments – the 2025 Public Offer through which it raised …