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Nigeria Business News Digest: Markets, Money, and Meaning

Economic news with context. Scan the market, Naira movements, and business decisions, and understand their impact on everyday life.
Nationwide Petrol Price Hike Looms as Iran-US-Israel War Triggers Crude Oil Surge
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Nigeria Nationwide Petrol Price Hike Looms as Iran-US-Israel War Triggers Crude Oil Surge
Nigeria News
1 min read
The Digest: Nigerian petroleum marketers have warned that retail petrol prices will increase significantly from Tuesday and Wednesday following...
Dangote Refinery Hikes Petrol Price to N874 Per Litre Amid Global Crude Rally
Nigeria Dangote Refinery Hikes Petrol Price to N874 Per Litre Amid Global Crude Rally
Nigeria News
1 min read
The Digest: Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) ex-depot price by N100, raising it to N874 per litre from...
Nigeria Begins Implementation of Executive Order Restricting NNPCL's Retention of Oil Revenues
Nigeria Nigeria Begins Implementation of Executive Order Restricting NNPCL's Retention of Oil Revenues
Nigeria News
1 min read
The Digest: The Nigerian government has commenced implementation of Executive Order 9 on direct oil revenue remittance to the Federation...
[VIDEO] Saudi Arabia's Largest Refinery Hit by Iranian Drone Strike, Operations Halted
Middle East [VIDEO] Saudi Arabia's Largest Refinery Hit by Iranian Drone Strike, Operations Halted
Nigeria News
2 min read
The Digest: Saudi Arabia's largest oil refinery, the Saudi Aramco facility in Ras Tanura, has gone up in flames after being hit by an Iranian...
Historic Oil Deal: Nigeria Splits Controversial OPL 245 into Four Blocks with Eni and Shell After Decades of Disputes
Nigeria Historic Oil Deal: Nigeria Splits Controversial OPL 245 into Four Blocks with Eni and Shell After Decades of Disputes
Nigeria News
2 min read
The Digest: Nigeria has reached an agreement to split the long-disputed Oil Prospecting License (OPL) 245 into four new assets, which will be...
Oil Markets on Edge: OPEC+ Hikes Production as Iran Conflict Threatens Strait of Hormuz Closure
Middle East Oil Markets on Edge: OPEC+ Hikes Production as Iran Conflict Threatens Strait of Hormuz Closure
Nigeria News
2 min read
The Digest: Key OPEC+ members have announced a larger-than-expected production increase of 206,000 barrels per day, set for implementation in...
Global Travel Disrupted: International Airlines Cancel Flights to Middle East as US-Israel-Iran Conflict Escalates
Middle East Global Travel Disrupted: International Airlines Cancel Flights to Middle East as US-Israel-Iran Conflict Escalates
Nigeria News
1 min read
Summary A growing number of international airlines have cancelled, suspended, or rerouted flights to and over the Middle East following...
Oil Price Surges to $72 Per Barrel as Middle East Tensions Escalate Into Open Conflict
Middle East Oil Price Surges to $72 Per Barrel as Middle East Tensions Escalate Into Open Conflict
Nigeria News
1 min read
The digest: Global crude oil prices have surged to $72 per barrel, the highest level since July 2025, as escalating military conflict between...
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