Tunnel of dark economy getting better – Tinubu
President Bola Ahmed Tinubu has stated that Nigeria is gradually moving out of what he described as a “tunnel of a dark economy.” He explained that although the country has faced serious economic challenges, steady progress is now being made through the government’s reforms. Tinubu noted that key policies aimed at stabilizing the economy are […]
Trump’s threat wreaking havoc on Nigerian stock market, Naira – Economists
Nigeria’s economy has been shaken over the past ten days following comments from U.S. President Donald Trump, who labelled the country a Country of Particular Concern and hinted at possible military action. Economists say the statement has scared investors, leading to panic in the financial markets. The Nigerian Stock Exchange has suffered heavy losses, dropping […]
Nigerian govt mulls sale of NNPCL refineries
The Nigerian government is reportedly looking into the possibility of selling the refineries owned by the Nigerian National Petroleum Company Limited (NNPCL). According to top officials, this option is being reviewed as part of wider plans to reform the oil sector and improve fuel supply across the country. The move comes after years of investment […]
Nigerian filling stations reduce fuel price as landing cost drops
Fuel prices in Nigeria have started dropping as filling stations adjust pump rates following a decline in landing cost. According to reports, marketers are reducing prices in several states and major cities to reflect the lower cost of importing petrol into the country. This development comes as many Nigerians continue to struggle with high living […]
Nigerian Stock Exchange gains N285bn after days of losses
The Nigerian stock market bounced back strong on Friday, adding N285 billion in value after several days of declines. This rebound brought fresh relief to investors who had seen continuous losses earlier in the week. The recovery shows renewed confidence in the market, especially as traders took advantage of lower share prices to buy into […]
Why Tinubu’s 15% import duty on petrol is good for Nigeria – Rewane
Financial expert Bismarck Rewane has said that President Bola Tinubu’s 15% import duty on petrol will benefit Nigeria in the long run. According to him, even though the policy may cause short-term price increases, it is designed to strengthen the nation’s economy and reduce reliance on imported fuel. Rewane explained that Nigeria cannot continue depending […]
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 […]