The Oyo State Government has dismissed reports by the All Progressives Congress (APC) alleging that Governor Seyi Makinde’s administration recently secured a fresh loan of […]
Category: Economy
Economy
Nigeria’s Sugar Import Soars 328% in Five Years as Local Production Stagnates
Nigeria’s sugar import bill has jumped 328% in five years, hitting ₦2.21 trillion between 2020 and 2024, up from ₦516.61 billion in the preceding five […]
U.S. Consulate Launches Adejumobi Adegbite Fellowship for Young Nigerian Journalists
In a moving tribute to late U.S. Consulate Information Specialist and former Guardian journalist Adejumobi Adegbite, the U.S. Consulate General in Lagos has unveiled the […]
NOGASA Threatens Shutdown Over Dangote’s Direct Supply Plan: Jobs and Industry Stability at Risk
The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has raised an alarm over Dangote Refinery’s plan to distribute petroleum products directly to end […]
Refinery Scandal: Tinubu Under Fire as NNPC Considers Selling Non-Functional Refineries After $18bn Investment
President Bola Tinubu’s administration came under fire over the weekend after the Nigerian National Petroleum Company Limited (NNPCL) admitted that Nigeria’s state-owned refineries in Port […]
Fuel Prices Soar Amid Middle East Tensions, Depot Strikes—PENGASSAN Accuses Marketers of Exploiting Nigerians
Amid escalating tensions in the Middle East and growing unrest at home, Nigerians are bracing for a fresh wave of fuel price hikes, with Premium […]
Dangote Refinery Set to Begin Fuel Distribution Nationwide Amid Lagos E-Call Up Tensions
Amid growing fears of fuel scarcity in Lagos and other parts of Nigeria, the Dangote Petroleum Refinery has announced plans to commence the nationwide distribution […]
Nigeria’s $5bn Aramco Oil-Backed Loan Stalls as Crude Prices Plunge
The Federal Government’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco is facing serious setbacks due to falling crude […]
IPMAN to Dangote: Petrol Price Should Drop Below N825/Litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Petroleum Refinery to further reduce the price of Premium Motor Spirit (PMS), […]
US Remittance Tax Threatens Nigeria’s Foreign Exchange Inflows
Nigeria’s foreign exchange earnings from diaspora remittances face a looming threat as the United States edges closer to enforcing a new tax on international money […]