Nigeria Today
As of Thursday, March 12, 2026, Nigeria is navigating a complex mix of economic reforms, energy sector shifts, and diplomatic tensions. Here are the most significant stories currently making headlines: 🏗️ Energy & Infrastructure Bonga Southwest Deepwater Project Approved President Bola Ahmed Tinubu has approved a major fiscal incentive package to jumpstart the Bonga Southwest Aparo (BSWA) deepwater project. * The Impact: This is the first major deepwater investment decision in Nigeria since 2008. It is expected to unlock $20 billion in foreign direct investment and create over 5,000 jobs. * Production: Once operational, the site is projected to produce 150,000 barrels of oil per day. The Dangote Refinery "Price War" A major shake-up is occurring in the energy market as the Dangote Petroleum Refinery lowered its petrol gantry price to ₦1,075 per litre. * The Conflict: Despite this cut, many oil marketers have yet to reduce pump prices, with petrol still...