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Manny Akpan | Business & Economy Editor

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Fuel Scarcity Looms as Labour Unions Threaten Nationwide Strike in Nigeria

ABUJA, Nigeria – Nigeria is on the brink of another wave of fuel scarcity as the Nigeria Labour Congress, NLC, has vowed to support...

Nigeria’s Power Minister Directs Urgent Reforms to Address Frequent Grid Failures

ABUJA, Nigeria – Nigeria’s Power Minister, Adebayo Adelabu, has issued a directive mandating immediate action to stabilise the country’s national grid amid repeated failures...

US Stock Markets Surge After Trump Election Victory, Dow Soars Over 1,300 Points

NEW YORK, USA - U.S. stock markets surged Wednesday, November 6, 2024, morning following former President Donald Trump’s return to the White House in...

Dangote Group to Withdraw ₦100 Billion Lawsuit Against Petroleum Regulatory Authority

LAGOS, Nigeria — Dangote Group has announced that it will withdraw its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority,...

Nigerian Banks Lost N42.6 Billion to Fraud in Q2 2024, Says AMMBAN

BENIN CITY, Nigeria — Nigerian banks lost a staggering N42.6 billion to fraud in the second quarter of 2024, according to the Association of...

NNPC-Chevron Joint Venture Announces Significant Oil Discovery in Niger Delta

LAGOS, Nigeria — The Nigerian National Petroleum Corporation Limited, NNPC, and Chevron Nigeria Limited Joint Venture, NNPC-CNL JV, has announced a major oil discovery...

Nigeria’s Inflation Rate Rises to 32.7% in September, Breaking 2-Month Decline

ABUJA, Nigeria — Nigeria's annual inflation rate increased in September, marking the end of a two-month streak of declining inflation. The National Bureau of Statistics...

ActionAid Nigeria Rebukes World Bank’s Endorsement of Tinubu’s ‘T-Pain’ Reforms

ABUJA, Nigeria — ActionAid Nigeria has strongly condemned recent comments made by World Bank Senior Vice President and Chief Economist Indermit Gill, calling his...

Lufthansa Fined $4 Million by U.S. for Discrimination Against Jewish Passengers

WASHINGTON DC, USA — The U.S. Department of Transportation, DOT, has imposed a record $4 million fine on Lufthansa after the airline barred over...

Abuja: Protesters Demand Investigation into GTBank over Fraud Allegations

ABUJA — Hundreds of protesters gathered outside the Nigeria Police Force Headquarters in Abuja on Tuesday, October 15, 2024 calling for an immediate investigation...

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