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 […]
Category: Economy
Economy
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 […]
Ram Sellers Lament Low Patronage Ahead of Eid as Prices Soar
As Nigerians prepare for the Eid-El-Kabir celebration, ram traders across markets in Lagos and Ogun states are lamenting poor sales and low patronage, attributing the […]
Lagos Truckers Protest Extortion, Defend ETO Call-Up System Amid Growing Racketeering
A major protest erupted across Lagos ports on Wednesday as maritime truckers and fleet owners marched from the Lilypond Truck Park in Ijora to the […]
Presidency Clarifies Tinubu’s $20bn Borrowing Plan, Dismisses Misconceptions
The presidency has debunked widespread reports suggesting that President Bola Ahmed Tinubu is seeking to borrow a lump sum of $20 billion, clarifying that the […]
CBN Cuts Net Loans by N4.1tn, Recovers N253bn Intervention Funds Amid Tightening Reforms
The Central Bank of Nigeria (CBN) recorded a sharp reduction of N4.145 trillion in net loans and receivables in 2024, driven by a sweeping retrenchment […]
World Bank Flags Nigeria’s 2025 Budget as Overly Ambitious, Warns of Recourse to CBN’s Overdraft
The World Bank has described Nigeria’s record-breaking ₦54.99 trillion 2025 federal budget as overly ambitious, cautioning that revenue shortfalls may force the Federal Government to […]
NNPC & Dangote Refinery Forge New Era of Collaboration After Price War
After months of heated rivalry and public disagreements, Nigeria’s top oil refiners—NNPC Limited and Dangote Petroleum Refinery & Petrochemicals—have agreed to put their differences behind […]