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Manny Akpan | Business & Economy Editor

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Dangote Refinery Raises Petrol Price Citing Rising Crude Oil Costs

LAGOS, Nigeria - The Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to N955 per litre...

CBN Slaps ₦150 Million Fines on 9 Banks Over Yuletide Cash Shortages

ABUJA, Nigeria — In a strong statement against cash flow disruptions, the Central Bank of Nigeria (CBN) has imposed sanctions on nine Deposit Money...

Japan’s Nippon Steel and US Steel Sue Biden Administration Over Blocked Takeover

WASHINGTON, DC, USA - Nippon Steel and US Steel have filed a lawsuit against the US government, alleging that President Joe Biden improperly blocked...

Biden to Permanently Ban Offshore Drilling in 625 Million Acres of U.S. Waters

WASHINGTON, DC, USA - As his presidency draws to a close, President Joe Biden is expected to announce a permanent ban on future offshore...

Petrol Prices in Nigeria Poised for Major Drop to N500 Per Litre in 2025 (ANALYSIS)

LAGOS, Nigeria - Nigeria’s petroleum sector is set for significant changes in 2025, with experts predicting a steep decline in petrol prices, potentially falling...

Biden Blocks Nippon Steel’s $14.9 billion Takeover of US Steel, Citing National Security

WASHINGTON, DC, USA - President Joe Biden has blocked the $14.9 billion takeover of US Steel by Japan’s Nippon Steel, citing national security concerns...

Honda and Nissan Announce Merger Talks to Form World’s 3-Largest Automaker

TOKYO, Japan - Japanese automakers Honda and Nissan have announced plans to merge, a move that would create the world’s third-largest automaker by sales...

7,000 Amazon Drivers Strike Ahead of Christmas Amid Union Dispute

NEW YORK, USA - Amazon drivers in four US states have launched a strike less than a week before Christmas, raising concerns about potential...

Nigerian Police Target 601 Suspects in N21.2 Billion Flutterwave POS Fraud Case

LAGOS, Nigeria — Nigerian authorities are intensifying efforts to prosecute individuals linked to a major fraud involving Flutterwave, a prominent fintech company, following a...

Wealth Creation: 5 Ways You Can Leverage the Power of Compound Interest

Compound interest has often been referred to as the eighth wonder of the world—a force so powerful it can transform modest savings into considerable...

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