Strait of Hormuz Talks Show How Weak Rules Can Become a Global Economic Problem

The latest developments around the Strait of Hormuz are exposing a bigger problem than whether commercial ships can return to the waterway: international rules are struggling to keep pace with a geopolitical crisis. Iran and Oman are reportedly close to an arrangement that would create separate routes for ships travelling through the strait, with discussions…

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Nigeria Ends Aviation Fuel Imports as Local Refineries Supply Market for 13 Straight Months

Nigeria has achieved a major milestone in its downstream petroleum sector, with domestic refineries supplying 100% of the country’s aviation fuel (Jet A-1) demand for the past 13 consecutive months, completely eliminating the need for imports. Official industry data shows that no aviation fuel imports have entered the country during the period. The shift has…

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Obi, Kwankwaso and Dickson Meeting Tests Whether the NDC Can Stay United Ahead of 2027

Peter Obi, Rabiu Kwankwaso and Senator Seriake Dickson have held another high-level meeting in Abuja, with discussions reportedly focused on Nigeria’s challenges, the concerns of citizens and preparations for the 2027 elections. The meeting is significant because the three men now sit at the centre of the Nigeria Democratic Congress (NDC), the platform that has…

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dangote refinery business

Business News Today: Dangote Cuts Fuel Prices Again, Nigeria Joins IEA, NDIC Begins Liquidating 46 Microfinance Banks

Nigeria’s business landscape recorded three major developments on Thursday, with fresh fuel price relief from the Dangote Petroleum Refinery, a milestone in the country’s global energy profile, and regulatory action in the banking sector. In the downstream oil sector, Dangote Petroleum Refinery announced its fourth consecutive reduction in the ex-depot price of Premium Motor Spirit…

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