Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
FCMB taps cultural economy to drive inclusion at 2026 Ibadan festival
First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are […]
US–Iran tensions: Crude oil rebounds above $100 per barrel
Crude oil prices had dropped to $90 per barrel from $100 last week, as market watchers anticipated that the talks would culminate in an agreement in Islamabad, Pakistan’s capital.
Nigeria misses OPEC quota, produces 1.38m bpd in March
In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.
Dangote Refinery drives historic shift as Nigeria becomes net petrol exporter
The landmark development marks a decisive turnaround for Nigeria, Africa’s largest oil producer, which for decades depended heavily on imported refined petroleum products.
Regulators, banks, others move to ease banking barriers for non-profits
Nigerian regulators, banks, and civil society groups have intensified efforts aimed at easing stringent banking restrictions on non-profit organisations (NPOs).
