Economy

AfDB backs Dangote Refinery with $2.5bn in landmark loan deal

The African Export-Import Bank (AfDB) has underwritten $2.5 billion out of a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals. The...

TotalEnergies Nigeria revenue falls 26% to ₦767.63bn in 2025

TotalEnergies Marketing Nigeria Plc has recorded a 26 per cent drop in revenue to ₦767.63 billion for the year ended December 31, 2025, down...

Protest erupts in Benin as drivers oppose fuel price increase

Some commercial drivers operating along Upper Sakponba Road in Benin, Edo State, on Monday blocked sections of the busy road in protest against the...

Military, paramilitary get ₦2.3tn in two years: FAAC

Military and paramilitary agencies received a total of ₦2.3 trillion in special intervention funding between October 2023 and September 2025, according to the latest...

U.S. slashes Nigerian crude imports by 47% in January

The United States reduced its purchase of Nigerian crude oil sharply in January 2026, with imports dropping by about 47.16 per cent month-on-month, according...

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