Economy
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Turkish Airlines mulls suspension of Nigerian flights after union’s picketing
Turkish Airlines on Wednesday said it may consider cancellation of its flights in Nigeria following picketing by aviation workers at the nation’s major international airports. Members of the National Union of Air Transport Employees (NUATE) had staged protest actions at the international terminals of the airports in Lagos and Abuja, disrupting the airline’s operations and preventing normal passenger processing. The…
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ADC urges FG to limit petrol prices as global oil market fluctuates
The African Democratic Congress (ADC) has called on the Federal Government to introduce a temporary cap on petrol prices to protect Nigerians from further increases in fuel costs triggered by instability in the global oil market. In a statement issued on Wednesday, the ADC’s spokesperson, Bolaji Abdullahi, said recent increases in petrol prices reflect growing volatility in global oil markets,…
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Middle East unrest: Petrol price adjustments by Dangote refinery reflects prevailing market conditions, says Wale Edun
The minister of finance, Wale Edun has expressed that the current price adjustments by private sector operators, particularly Dangote refinery, reflect prevailing market conditions. Dangote refinery reduced its ex-gantry petrol price to N1,075 per litre after implementing three earlier increases, although pump prices remain high. Edun said the resilience currently seen in the Nigerian economy is largely due to private…
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Rights issue: VFD Group to refund shareholders N1.83bn surplus subscriptions
VFD Group Plc will refund about N1.83 billion in surplus funds to shareholders who participated in its recently concluded N50.6 billion rights issue. The development follows excess payments made by eleven (11) shareholders during the subscription process. This was disclosed in the allotment document obtained by Nairametrics on Wednesday, March 11, 2026. The document also confirmed that the company has…
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NGX Group, IFC, others convene leaders to advance gender equality
Nigerian Exchange Group Plc (NGX Group), in collaboration with Central Securities Clearing System Plc (CSCS) and Women in Management, Business and Public Service (WIMBIZ), convened leaders from across the public and private sectors to commemorate International Women’s Day 2026 through the global Ring the Bell for Gender Equality initiative. Aligned with the UN Women theme “Rights, Justice, Action – For…
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FG’s ward development programme gains backing of farmers’ association
The Federal Government’s Renewed Hope Ward Development Programme has received strong support from the Crop, Aquaculture, Livestock Farmers and Value Chain Economic Actors Association of Nigeria (CALFAN), which has proposed a formal collaboration to accelerate the initiative’s implementation. The proposal was made during a meeting with the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, on Wednesday in Abuja.…
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Nigeria’s non-oil exports rise to N12.36trn in 2025, says NBS
The National Bureau of Statistics (NBS) on Wednesday disclosed that Nigeria’s non-oil exports rose significantly in 2025, reaching N12.36 trillion between January and December. The Bureau in its Foreign Trade in Goods Statistics disclosed that the reported N12.36 trillion represents a sharp increase from N9.09 trillion recorded in 2024, highlighting stronger export performance outside the country’s oil sector. The latest…
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NMDPRA suspends issuance of petrol import licences as domestic production improves
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has suspended the issuance of new licences for the importation of Premium Motor Spirit, popularly known as petrol, citing improved domestic production capacity. The development was disclosed in the authority’s February 2026 State of the Midstream and Downstream Fact Sheet, which indicated that no new import licences were issued during the month.…
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FG launches $500m irrigation project to boost hydropower, dam safety
The federal government has officially launched the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project as part of efforts to improve dam safety, expand irrigation, and strengthen water resource management across the country. The Minister of Water Resources and Sanitation, Joseph Utsev, performed the official flag-off of the project on March 10, and described it as a major…
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Fuel Hike: Tinubu orders deployment of 100,000 CNG conversion Kits
President Bola Tinubu has ordered the immediate deployment of about 100,000 compressed natural gas (CNG) conversion kits across Nigeria as part of efforts to cushion the impact of rising fuel prices. Executive Chairman of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), Ismaeel Ahmed, disclosed this on Tuesday while briefing State House correspondents after a meeting with President Tinubu at…
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