May 6, 2026 | Energy News The has dismissed widespread reports claiming an increase in petrol prices to ₦1,350 per litre, insisting that its ex-depot price remains unchanged. In an official statement released on Wednesday, the company clarified that no adjustment has been made to its loading price for Premium Motor Spirit (PMS), contrary to…
May 5, 2026 | SUNTV Global Nigeria’s Minister of Finance, , has firmly ruled out any possibility of reintroducing fuel subsidy, declaring that such a move would be harmful to the country’s economy. Speaking on the government’s economic direction, Oyedele stated that the subsidy regime, which had existed for years, proved unsustainable and detrimental to…
SUNTV Global Channel | Energy Desk | May 4, 2026 The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MoU) with two Chinese firms aimed at restarting and expanding the Warri and Port Harcourt refineries, following years of costly and largely unsuccessful rehabilitation efforts. The agreement, signed on Thursday, April 30,…
April 24, 2026 | Economy/Politics | SUNTV Global Channel Reporting The Emir of Kano, , has raised fresh concerns over Nigeria’s rising debt profile, questioning why the administration of President continues to borrow despite the removal of fuel subsidies. Speaking during a public address, the former Central Bank Governor reiterated that while subsidy removal was…
April 16, 2026 — SUNTV Global Channel Tension is mounting across Nigeria’s informal financial sector as the Point-of-Sale (POS) Operators and Allied Informal Financial Workers Union of Nigeria (PAFWUN) has strongly rejected a controversial directive by the Central Bank of Nigeria (CBN) limiting operators to a single POS terminal. The policy, which took effect on…
Abuja, March 19, 2026 – Nigeria could experience severe fuel scarcity within the next 48 hours if urgent actions are not taken, the House of Representatives Committee on Petroleum Resources (Downstream) has warned. At a press briefing at the National Assembly, Committee Chairman Ikenga Ugochinyere raised the alarm, describing the country’s fuel supply situation as “a looming crisis…
By SUNTV Global News Desk | March 10, 2026 Nigeria is facing a fresh wave of fuel price increases as the cost of petrol has surged to about ₦1,400 per litre in several parts of the country, sparking fears of deeper economic hardship for millions of citizens. SUNTV Global reports that the spike follows a…
March 7, 2026 SUNTV Global Channel Report Petrol prices across Nigeria may soon surge to about ₦1,050 per litre following a fresh increase in the gantry price of Premium Motor Spirit (PMS) by the Dangote Petroleum Refinery, raising concerns among motorists and businesses already grappling with rising living costs. According to industry sources, the refinery…
March 2, 2026 | Abuja — SUNTV Global Channel The Federal Government has confirmed that the delay in the payment of February salaries to treasury-funded workers was caused by a technical system failure, assuring that disbursement has now commenced nationwide. In an official statement released Monday in Abuja, the Office of the Accountant-General of the…
Nigeria’s energy security and industrial development could witness a major transformation as the Nigerian National Petroleum Company Limited deepens collaboration with the Dangote Petroleum Refinery & Petrochemicals, according to the company’s Group Chief Executive Officer, Bashir Bayo Ojulari. Speaking during a weekend visit by NNPC leadership to the 650,000-barrels-per-day refinery and Dangote Fertilisers complex in…