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Economy

Tragedy Averted as Enugu Air Flight Suffers Nose-Gear Failure on Landing

ENUGU, Nigeria — Passengers aboard an Enugu Air flight experienced a frightening moment on Thursday, November 20, 2025, when the aircraft suffered a nose-landing gear...

National Assembly Approves Tinubu’s Request to Borrow ₦1.15 Trillion for 2025 Budget Gap

ABUJA, Nigeria — Nigeria’s National Assembly has approved President Bola Tinubu’s request to borrow N1.15 trillion to help close the deficit in the 2025 federal...

Senate Rejects NNPCL’s Defence, Orders Refund of ₦210 Trillion to Federation Account

ABUJA, Nigeria — The Senate has rejected  the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding an alleged N210 trillion unaccounted...

EFCC Declares Timipre Sylva Wanted Over Alleged $14.8 Million Fraud

ABUJA, Nigeria — The Economic and Financial Crimes Commission (EFCC) has declared Timipre Sylva, former governor of Bayelsa State and ex-minister of state for petroleum...

Fuel Queues Return in Lagos Despite Suspension of PENGASSAN Strike

LAGOS, Nigeria — Long queues resurfaced at filling stations in Lagos on Wednesday, October 1, 2025, only days after the resolution of a labour...

PENGASSAN Suspends Strike After Dangote Refinery Agreement

ABUJA, Nigeria — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its nationwide strike following a resolution brokered by...

Nigeria to Tax Income of Commercial Sex Workers Under New Fiscal Reforms

ABUJA, Nigeria — Commercial sex workers in Nigeria will be required to pay taxes on their earnings under new fiscal reforms set to take...

Dangote Denounces PENGASSAN Strike as ‘Bullying Tactics’

LAGOS, Nigeria — The management of the Dangote Petroleum Refinery has launched a blistering attack on the Petroleum and Natural Gas Senior Staff Association of...

PENGASSAN Strike Threatens Nigeria With Fuel Shortages and Blackouts

LAGOS, Nigeria — Nigeria is bracing for severe economic disruption after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) began a...

Depot Owners Looted Over ₦2 Trillion in Fake Subsidy Claims, Otedola Alleges

LAGOS, Nigeria — Nigerian billionaire Femi Otedola has alleged that more than ₦2 trillion was siphoned during the administration of former President Goodluck Jonathan...

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