Here is the New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news stories making headlines from Monday, June 15, 2026, to Saturday, June 20, 2026.
Reflect Current Price Reduction, PETROAN Tells Oil Marketers
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on refiners, depot owners, and petroleum products importers to reflect the recent decline in international crude oil prices in their ex-depot and retail pump prices of petroleum products.
The National President of PETROAN, Billy Gillis-Harry, stated that the…Read more
Oil Prices Crash By Over $7 Per Barrel
Prices of oil have crashed by more than $7 per barrel, analysis of the price reduction from last Friday till yesterday revealed. As of yesterday price of international benchmark, Brent futures, has fallen to $79.88 per barrel from $87.33 per barrel (pb) last Friday while that of the United States benchmark, West Texas Intermediate (WTI), has decreased to $76.93 from $84.88pb.
Brent crude futures fell from $87.33pb on Friday by $4.16, or 4.8 per cent, to…Read more
Aviation: FG Promises Improved Access To Aircraft Financing
The Federal Government says it is expanding support for indigenous airlines through improved access to aircraft financing and international routes to boost the competitiveness of Nigerian carriers.
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo…Read more
FG Issues Transition Guidelines For Tax Acts 2025
The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework that took effect from January 1, 2026.
The Guidelines, issued by the Federal Ministry of Finance, provide clarity for…Read more
Projected Flooding: Farmers Apprehensive Over Likely Increase In Food Prices
The Secretary General of All Farmers Association of Nigeria (AFAN), Dr. Femi Oke, has predicted that flooding across some states could trigger a fresh rise in food prices and threaten food availability in the latter part of the year except preventive measures are implemented to arrest the looming situation.
Oke, who made this known in an interview with New Telegraph, said decisions…Read more
FG Issues Transition Guidelines For Tax Acts 2025 Ahead Of January 2026 Rollout
The Federal Government has released general guidelines for the implementation of the Tax Acts 2025, outlining the transition process from Nigeria’s repealed tax laws to the new tax framework scheduled to take effect on January 1, 2026.
The guidelines, issued by the Federal Ministry of Finance, provide clarity for…Read more
FG Launches Cooperative Bank’s N200bn Capital Mobilization
The Federal Government said it has launched a ₦200 billion share capital mobilization campaign for the proposed Cooperative Bank of Nigeria.
Announcing this development on Thursday in Kaduna, the Minister of State for…Read more
Dangote Refinery Inspires Future Engineers As FUTO Students Visit Plant
The Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to nurturing the next generation of African engineers, innovators, and industrial leaders, as it hosted outstanding students from the Federal University of Technology, Owerri (FUTO) on an educational tour of Africa’s largest refinery complex.
The visit was in fulfilment of a promise made by the President and Chief Executive of…Read more
FAAC Shares N2.300trn May revenue To FG, States, LGs
The Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the Federal Government, State Governments, and Local Government Councils as revenue allocation for May 2026.
The amount is slightly higher than the N2.257 trillion distributed in April, according…Read more
Nigeria Trails As Global 5G Subscriptions Surpass 3bn Mark
The global telecommunications industry has achieved a monumental milestone as 5G subscriptions have officially surpassed the three billion mark, now accounting for one-third of all mobile subscriptions worldwide and carrying half of the world’s mobile data traffic.
However, as the world accelerates into the next generation of connectivity…Read more
TVS Targets 47 Outlets In Landmark Partnership With Enviable Group
TVS Motor Company has unveiled a major expansion strategy in Nigeria through a new partnership with Enviable Tricycle Auto Parts Ltd, a move aimed at significantly increasing its market presence and improving access to its products and services across the country.
The partnership positions Enviable Tricycle Auto Parts Ltd as an additional…Read more
IMF Highlights Rise Of StableCoin Use In Nigeria, Warns Of Policy Risks
The International Monetary Fund (IMF) has highlighted the rapid growth of stablecoin usage in Nigeria as a new channel for cross-border payments. The IMF said digital assets linked to the US dollar were easing payment challenges but creating fresh regulatory concerns.
This is contained in a report issued to the News Agency of Nigeria (NAN)…Read more
Shell Appoints Elohor Executive Vice President, Country Chair Nigeria
Former Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Elohor Aiboni, currently on assignment as Asset Director at Brunei Shell Petroleum, has been named Executive Vice President and Country Chair for Nigeria.
She will be taking over from Marno de Jong, who leaves Shell to pursue an…Read more
Court Fines Indians, Vessel $6m For Cocaine Trafficking To Nigeria
The Federal High Court in Lagos has convicted 11 Indian sailors and their vessel, MV Aruna Hulya over the trafficking of cocaine into the country by imposing fines totaling $6 million, the National Drug Law Enforcement Agency (NDLEA).
The court found the crew of the ship guilty after authorities discovered 31.5…Read more
FG Debunks New Telecom, Fuel Taxes
The Federal Government has dismissed reports suggesting it has adopted or is considering the introduction of new taxes on telecommunications services and petroleum products following the publication of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.
In a statement issued on Wednesday, the Head of Information at the Federal Ministry…Read more
Source: New Telegraph
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