Nigeria... Nigeria’s downstream petroleum market received a major boost yesterday as Dangote Petroleum Refinery announced a significant reduction in its petrol ex-gantry price, cutting the rate by N75 per litre, from N1,250 to N1,175 per litre ... .
The Nigerian banking sector’s credit to the private sector edged higher to N75.62 trillion in February 2026, as improved capital buffers from the recently concluded recapitalisation exercise bolstered lending to the domestic economy.
Credit to Nigeria’s private sector declined by about 2.8 per cent year-on-year to N75.24 trillion in January 2026, reflecting softer lending conditions to businesses and households amid tight financial conditions.