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Dangote refinery reduces jet fuel price to N1,650/litre
The Dangote Petroleum Refinery has reduced the cost of jet fuel from N1,750 to N1,650 per litre. This information was shared in a press release made available to The PUNCH on Monday.

Nigeria, Benin deepen cross-border security, trade cooperation
The Director-General of Nigeria's National Boundary Commission, Adamu Adaji, has emphasized the significance of improved boundary marking in fostering cross-border collaboration, bolstering regional safety, and enhancing the living standards of communities situated along borders throughout West Africa.

Sunbeth to Launch 70,000 MT Cocoa, 80,000 MT Cashew Processing Plants in March 2027
A prominent agro-commodity exporter from Nigeria is moving forward with plans for a cocoa processing plant with a capacity of 70,000 metric tonnes and a facility for processing 80,000 metric tonnes of cashews, highlighting a strong strategy focused on value-added agro-processing across the continent.

NMDPRA boss targets energy reform, improved fuel supply
The Senate has approved Rabiu Umar as the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority after he was screened on May 5, 2026.

Tax reforms: Workers unimpressed with marginal salary rise
Some employees have shared their varied and generally unimpressed responses to the recent adjustments in their take-home pay following the introduction of new Personal Income Tax reforms, with numerous individuals indicating that the increments are minimal and not substantial enough to effectively ease financial burdens.

Budget delays, electioneering threaten IMF’s 4.4% growth outlook’
Analysts have pointed out that the lack of progress in budgeting and election-related maneuvering pose significant threats to the optimistic adjustments in Nigeria's growth forecasts for 2026, as indicated by the International Monetary Fund last week.
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