Nigerian govt, German chamber of commerce deepens economic cooperation
The Federal Government of Nigeria has announced a deeper economic partnership with the German Chamber of Commerce, aimed at boosting trade, investment, and industrial growth. The agreement is expected to improve business cooperation between both countries and attract more German companies into Nigeria’s key sectors such as manufacturing, technology, renewable energy, and infrastructure. Government officials […]
Nigerian petrol retailers, PETROAN, back Tinubu’s 15 percent import duty on petrol
The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has expressed full support for President Bola Ahmed Tinubu’s decision to impose a 15 percent import duty on petrol. The association stated that the policy would help strengthen Nigeria’s petroleum sector and boost government revenue. PETROAN noted that although the policy may come with challenges, it […]
Economic hardship fueling human trafficking in Nigeria – Yilwatda
The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, has attributed the growing cases of migration and human trafficking in Nigeria to decades of economic hardship and industrial decline. He made this known on Monday during the public presentation of Vicious Red Circle, a novel by Ambassador Alex Ugochukwu Oriaku, at the […]
Tinubu’s fiscal revolution rebuilding Nigeria ‘brick by brick’ – Lagos APC
The All Progressives Congress (APC) in Lagos State has hailed President Bola Tinubu’s fiscal reforms, describing them as a “revolution” that is steadily rebuilding Nigeria “brick by brick.” The party praised the administration’s financial discipline and the transformation taking place within the Federal Inland Revenue Service (FIRS) under the Renewed Hope agenda. In a statement […]
Fuel landing cost drops, now cheaper than Dangote Refinery’s petrol price
The landing cost of imported petrol in Nigeria has dropped to ₦839.97 per litre as of October 21, 2025, making it cheaper than petrol produced by the Dangote Refinery, which sells for ₦877 per litre. This information was disclosed in the latest energy price bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN). […]
Why I joined APC – Murray-Bruce
Former Senator representing Bayelsa East, Ben Murray-Bruce, has revealed why he decided to join the ruling All Progressives Congress (APC). The former lawmaker explained that his move was not about political affiliation or personal gain, but rather a show of confidence in President Bola Tinubu’s leadership and his ability to rebuild Nigeria’s struggling economy. Speaking […]
Naira records highest depreciation against US dollar
The Nigerian Naira continued its downward slide on Wednesday, marking its sharpest depreciation of the week against the United States dollar. According to official figures from the Central Bank of Nigeria (CBN), the Naira fell to ₦1,473.29 per dollar, compared to ₦1,463.23 on Tuesday — a daily loss of ₦10.06. This decline represents the largest […]
Qatar Pledges To Invest $300 Billion In Nigeria
Nigeria is set to receive one of its biggest-ever foreign investments as a Qatari business delegation announced plans to inject $300 billion into various sectors of the Nigerian economy over the next ten years. The delegation, led by Sheikh Abdulrahman Hamad N. H. Al-Thani, made the announcement in Lagos during a reception hosted by Elan […]
Naira Extends Gains Against USD, Reaches 10-Month High
Nigeria’s currency, the Naira, continued its upward momentum last week, marking a significant milestone in its recovery against the U.S. dollar. During the week ending October 10, 2025, the naira appreciated by 0.72% at the official foreign exchange market, closing at ₦1,455.17 per dollar, according to data from the Central Bank of Nigeria (CBN). This […]
Roosevelt Ogbonna’s £15m House In London: Criticism Trails Access Bank CEO
Access Bank CEO, Roosevelt Ogbonna, is facing backlash after reports emerged that he owns a £15 million mansion in London. The revelation has raised questions among Nigerians, with many criticizing the luxury purchase at a time when the country faces economic hardship. Critics argue that such a display of wealth does not reflect the struggles […]