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Economy

G7 to Release 100 Million Barrels From Reserves as Fuel Prices Surge

PARIS, France — Leaders of the Group of Seven have agreed to release 100 million barrels of crude oil and diesel from emergency reserves...

Trump Ban on Canadian Whisky, Wine and Beer Takes Effect, but There’s a Way Around It

WASHINGTON, United States — President Donald Trump has imposed an import ban on most packaged Canadian alcoholic beverages, including whisky, wine, beer, vodka, rum...

Nigeria Pursues $1.5 Billion in World Bank Financing as Public Debt Soars to N166.79 Trillion

ABUJA, Nigeria — The federal government is pursuing $1.5 billion in new financing from the World Bank for climate resilience, social protection, and early...

From Consumers to Owners: What the Dangote Refinery IPO Means for Nigeria’s Economic Future

When several Nigerian investment platforms buckled under a rush of applications for shares in Dangote Petroleum Refinery & Petrochemicals, the outages revealed more than...

Tinubu Announces Nigeria’s Victory as ICC Rejects $680 Million Sunrise Power Claim

ABUJA, Nigeria — An International Chamber of Commerce tribunal in Paris has rejected a $680 million claim brought by Sunrise Power and Transmission Company...

Dangote Refinery Opens Africa’s Largest IPO, Seeking Up to $2.1 Billion

LAGOS, Nigeria — Aliko Dangote opened an initial public offering for his oil refinery on Monday, September 14, 2026, giving public investors access to...

‘But You Promised…’: NLC Challenges Nigerian Gov’t After 3rd Dangote Petrol Increase in 8 Days

LAGOS, Nigeria — The Nigeria Labour Congress rejected a new petrol-price increase. The labour union asked the Federal Government why more Nigerian crude was...

Dangote Increases Coastal and Gantry Prices for Petrol, 2nd Increase in Days

LAGOS, Nigeria — Dangote Petroleum Refinery and Petrochemicals FZE has raised its petrol gantry price to ₦1,200 a litre. The new rate took effect...

Canada Retaliates Against Trump Tariffs With Duties on US$20 Billion in Goods

OTTAWA, Canada — Canada announced new tariffs on approximately US$20 billion in American goods on Tuesday, August 25, 2026. The measures answer a fresh round...

Nigeria Tightens Capital Market Restrictions on North Korea and Iran

ABUJA, Nigeria — Nigeria’s Securities and Exchange Commission has ordered capital market operators to restrict financial dealings connected to North Korea and Iran. The measures...

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