The Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit pump price for the second time in less than two weeks, lowering it from N1,210 to N1,150 per litre. This adjustment was confirmed by a market survey conducted by DAILY POST.

FCMB Group Plc reported a profit of N177 billion and announced a dividend payout of N23 billion for the year 2025, indicating robust growth across its various business segments, according to Punch.

Global oil prices have decreased to levels not seen since before the US-Iran war, leading to expectations for lower petrol prices, according to Daily Trust. Despite this drop, fuel prices in Nigeria continue to exceed N1,000, raising concerns about the slow transmission of global market changes to local consumers and businesses.

The Nigerian stock market recorded a gain of N3.2 trillion for investors during the week, attributed to renewed interest in sectors such as banking, telecommunications, and oil and gas, according to Premium Times Business.

The Nigerian stock market experienced a decline of 1.21% last week as investors opted to take profits, despite an increase in trading activity. Financial services stocks were the primary contributors to this downturn, with ten companies leading the decliners, according to Legit.ng.

According to Onyema, Nigerian airlines are increasingly reliant on bank loans due to rising fuel costs. This statement follows the recent announcement by Dangote Petroleum Refinery, which reduced the price of aviation fuel (Jet A1) to N1,450 per litre. The situation underscores the ongoing challenges faced by domestic airlines in Nigeria amid fluctuating fuel prices.