Crude supply to Nigerian refineries jumps 17% — NMDPRA
…As petrol imports dips 26% to 14.6m litres By Obas Esiedesa & Ediri Ejoh Crude oil receipts by Nigerian domestic refineries increased by 16.75 percent in August 2026, rising to 683,000 barrels per day (b/d) from 585,000b/d in July, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The […]
SEC orders operators to freeze ISIS-linked accounts
By Peter Egwuatu & Chukwunonso Okolo The Securities and Exchange Commission (SEC) has directed operators in Nigeria’s capital market to immediately identify and freeze funds, assets and other economic resources linked to a Nigerian citizen and three Nigerian companies sanctioned by the United States Government for allegedly facilitating financial transactions connected to the Islamic State of Iraq […]
Nigeria’s oil output falls 37,000bpd to 1.546m bpd — OPEC
The decline, based on secondary sources cited by OPEC, represents a 2.3 per cent month-on-month reduction in the country’s crude oil output.
eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
CBN opens second sandbox for virtual assets, data-driven finance
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, yesterday opened applications for the second cohort of its Regulatory Sandbox Programme, introducing dedicated tracks for virtual assets and data-enabled financial services. Applications open today and close August 31, 2026, with the programme providing a controlled environment for innovators to test new financial products, […]
FG backs regional petrol pricing benchmark for West Africa
By By Obas Esiedesa The Federal Government has backed the establishment of a regional petrol pricing benchmark for West Africa, saying the initiative will strengthen energy security, deepen cross-border trade and enable the region to determine the value of its refined petroleum products. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stated this yesterday […]
