Dangote refinery raises petrol ex-depot price to N1,175, diesel to N1,620

Dangote Petroleum Refinery has increased its ex-depot price for Premium Motor Spirit (PMS), also known as petrol, to N1,175 per litre, marking the fourth price revision since March 2.

The refinery also raised the price of Automotive Gas Oil (AGO), or diesel, to N1,620 per litre, a move that could influence pump prices as marketers adjust retail rates in response to the new gantry prices.

Wadada admits trouble tracing ₦210tn NNPCL discrepancy

 Aliyu Wadada, Senator Chairman of the Senate Committee on Public Accounts, has admitted that tracking the alleged ₦210 trillion gaps in the Nigerian National Petroleum Company Limited’s (NNPCL) books is a daunting and complex task. He emphasised that the committee’s probe is centred on ensuring accountability, not leveling charges of theft, even as lawmakers intensify scrutiny of the state oil firm’s finances.

APC pledges 10m South-West votes for Tinubu, declares Oyebanji’s re-election a “walkover”

The All Progressives Congress (APC) has set its sights on mobilising at least 10 million votes across the South-west in support of President Bola Ahmed Tinubu’s re-election, as party leaders confidently describe the June 20 Ekiti governorship election as a “walkover” for Governor Biodun Oyebanji.

Speaking on Monday, party strategists outlined plans to leverage Oyebanji’s perceived achievements and strong grassroots network to galvanise supporters, portraying the upcoming poll as an extension of the APC’s dominance in the region. The party also signalled a coordinated campaign approach, focusing on voter engagement, mobilisation drives, and ensuring high turnout in key local government areas.

Agriculture, trade boost Africa’s biggest economy to three-year high

South Africa’s economy expanded 1.1 percent in 2025, marking its strongest growth since 2022, Statistics South Africa reported Tuesday in Pretoria. The growth, up from 0.5 percent in 2024, was driven by stronger output in agriculture, trade, and financial services.

The economy also recorded its fifth consecutive quarter of growth, with GDP rising 0.4 percent in the fourth quarter. Statistics South Africa noted that finance, trade, and personal services propelled production gains, while household spending, investment, and government consumption supported overall demand.

FG suspends $300 helicopter landing fee for oil companies

The federal government has suspended the mandatory $300 helicopter landing fee for oil companies operating in Nigeria. The decision was announced by Festus Keyamo, Minister of Aviation and Aerospace Development, during a meeting with Heineken Lokpobiri, Minister of State for Petroleum Resources, and representatives from the oil and gas sector at the ministry’s headquarters in Abuja.

The petroleum delegation included Oritsemeyiwa Eyesan, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), alongside officials from International Oil Companies (IOCs), the Oil Producers Trade Section (OPTS), and the Independent Petroleum Producers Group (IPPG). The suspension aims to ease operational costs for oil operators and improve collaboration between the aviation and petroleum sectors.