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Nigerian newspapers review: Why 2026 capital budget may not be implemented

Nigerian newspapers review: Why 2026 capital budget may not be implemented

In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with a report that there are indications that the Federal Government’s capital budget for 2026 may record zero implementation at the end of the fiscal year, forcing further extensions across multiple fiscal years.
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Despite fall in crude price, petrol hits N1,212 per litre

Despite fall in crude price, petrol hits N1,212 per litre

Despite drop in price of crude in the global oil market, operators in Nigeria’s downstream sector have increased the prices of Premium Motor Spirit, PMS, also known as petrol, by an average of N1,212 per litre from N1,158 per litre, an increase of 4.7 per cent…

Dollar to Naira exchange rate today, August 26, 2026

Dollar to Naira exchange rate today, August 26, 2026

The Nigerian naira is trading relatively steadily against the United States dollar on Wednesday, August 26, 2026, with the latest rates showing a modest gap between the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. The latest available NFEM data put the dollar at about ₦1,346.34/$1 on August 26, according to the current […]

Crude imports by domestic refineries jump 151.5% in July — NMDPRA

Crude imports by domestic refineries jump 151.5% in July — NMDPRA

By Obas Esiedesa, Abuja Crude oil imports by domestic refineries rose by 151.5 per cent to 5.13 million barrels in July 2026, from 2.04 million barrels recorded in June, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. The increase came amid a sharp decline in domestic crude supply to refineries […]