Morning recap: Again, Nigerians lose savings to Ponzi scheme, Dangote refinery raises petrol gantry price, other top stories

1. Nigerians losing savings in Ponzi scheme: Investors in the online investment platform known as PXES are reporting significant financial losses after the platform ceased payouts and became inaccessible in early September. Many who invested ranging from tens of thousands to millions of Naira are unable to recover their funds, leading to public outrage and incidents of looting PXES offices.

2. Dangote Refinery raises petrol price: The Dangote Petroleum Refinery has increased the price of premium motor spirit (petrol) from N1,265 to N1,350 per litre, effective September 12, 2026. This marks the fourth price hike since August 21, with the refinery citing rising global oil prices as the reason for the continuous increases over the past few months.