Daily brief
South Africa is reportedly looking to Nigeria's Dangote refinery as a potential fuel source amid domestic shortage fears, while Dangote itself is boosting supply across Africa with massive exports.
Exporters have raised the alarm over a severe container shortage at Lagos ports, threatening trade operations.
Oyo State Governor Seyi Makinde has offered state workers a N10,000 monthly salary top-up to cushion the impact of the fuel price hike.
Business groups including NECA and the NLC warn that the Middle East conflict could lead to widespread business closures and job losses in Nigeria.
The Central Bank of Nigeria has unveiled a new policy framework with the goal of achieving single-digit inflation.