By Ayomide Otitoju Dangote Petroleum Refinery has reduced its ex-depot price of petrol from ₦880 to ₦840 per litre, reflecting a modest relief amid recent global oil market volatility. The price adjustment, confirmed by refinery spokesperson Tony Chiejina, took effect on Monday, June 30. It comes roughly one week after the refinery had raised the…
By Ayomide Otitoju The average retail price of Automotive Gas Oil (diesel) in Nigeria rose by 25.24% year-on-year to N1,758.26 per litre in May 2025, up from N1,403.96 recorded in May 2024, according to new data released by the National Bureau of Statistics (NBS). The report, titled “Automotive Gas Oil (Diesel) Price Watch – May…
By Ayomide Otitoju Nigeria’s opposition coalition has formally adopted the African Democratic Congress (ADC) as its unified political platform to challenge the ruling All Progressives Congress (APC) in the 2027 general elections. In a major political realignment, former Senate President David Mark has been named interim National Chairman of the ADC, while former Osun State…
By Ayomide Otitoju The Supreme Court has reserved judgment in the legal dispute over the outcome of the Edo State governorship election, which declared Senator Monday Okpebholo as the duly elected governor. The apex court, presided over by Justice Garba Lawal, adjourned the case sine die after hearing arguments from parties involved. Justice Lawal announced…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has successfully completed the upsizing of its reserve-based lending (RBL) facility for Oando Oil Limited to $375 million, bolstering the company’s financial flexibility and production ambitions. In a statement released on Tuesday, Afreximbank disclosed that Oando had reduced the balance of its original $525 million facility, secured…
Former President Donald Trump is pushing for final approval from the U.S. House of Representatives on Wednesday for a landmark tax and spending bill that Republicans hope will cement his legacy. The bill narrowly cleared the Senate on Tuesday following 27 hours of intense debate, with Vice President Mike Pence casting the tie-breaking vote. Originally…
The Organisation of the Petroleum Exporting Countries (OPEC) has warned of a potential global oil supply shortfall of 23 million barrels per day by 2030 unless sustained investments in upstream oil production are made. Speaking during the 24th Nigeria Oil and Gas (NOG) Energy Week Conference in Abuja on Tuesday, OPEC Secretary-General Haitham Al Ghais…
By Ayomide Otitoju FirstBank of Nigeria, a leading financial institution in West Africa, has rolled out an advanced facial biometric technology on its mobile banking platform, FirstMobile, as part of a comprehensive upgrade aimed at delivering a more secure and seamless user experience. The new facial recognition feature allows customers to register and activate the…
An Israeli court on Sunday postponed Prime Minister Benjamin Netanyahu’s testimony in his long-running corruption trial, citing national security priorities and an appeal supported by U.S. President Donald Trump. The Jerusalem District Court’s ruling, shared by Netanyahu’s Likud party, stated that it had “partially accepted” the prime minister’s request and cancelled his scheduled court appearances…
