Operations at the Dangote Petroleum Refinery have been temporarily halted after the facility suspended the loading of petrol, also known as Premium Motor Spirit (PMS), until further notice. The refinery, located in Lekki, stopped all petrol loading activities on Sunday, March 8, 2026. Tanker drivers who had already lined up at the facility to collect…
The world’s largest oil company, Saudi Aramco, has reportedly begun reducing production at two of its oil fields as tensions in the Middle East continue to disrupt energy flows through the critical Strait of Hormuz. According to sources cited by Reuters, the production cuts come as shipping activity through the narrow waterway slows significantly due…
Suspected fighters from the extremist group Boko Haram have reportedly overrun a military base in northeastern Nigeria, killing a commanding officer and several soldiers in a fresh wave of violence in Borno State. The attack occurred in the early hours of Monday in Kukawa Local Government Area, a region that has frequently been targeted by…
France has begun deploying a significant naval force to strategic waters in the Middle East as tensions in the region continue to escalate. The deployment includes around a dozen naval vessels, among them the aircraft carrier strike group led by the French aircraft carrier Charles de Gaulle, which recently arrived in the eastern Mediterranean. The…
Reports from Iranian state media indicate that Mojtaba Khamenei, who was recently appointed as Iran’s Supreme Leader, has been injured amid the rapidly escalating conflict in the Middle East. According to Iranian television, the 56-year-old cleric sustained injuries during the ongoing hostilities in the region. State broadcasters referred to him as a “janbaz,” a Persian…
FCMB Group has announced that it has successfully met the revised ₦500 billion minimum capital requirement required to maintain an international banking licence in Nigeria. The milestone comes as the bank concludes its capital-raising programme aimed at strengthening its financial base and complying with regulatory reforms introduced by the Central Bank of Nigeria. In a…
