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Economy

It’s always about the economy, stupid…

Business

Dangote Refinery Raises Petrol Price Citing Rising Crude Oil Costs

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

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

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — In a strong statement against cash flow disruptions, the Central Bank of Nigeria (CBN) has imposed sanctions on nine Deposit Money...
Business

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

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria - Nigeria’s petroleum sector is set for significant changes in 2025, with experts predicting a steep decline in petrol prices, potentially falling...
Economy

Ngozi Okonjo-Iweala Reappointed as World Trade Organization Head

Hope Sampson | Sub Editor -
GENEVA, Switzerland — Ngozi Okonjo-Iweala has been reappointed as the Director-General of the World Trade Organization, WTO, securing a second term that will begin...
Business

Bitcoin Breaks Records Again Amid Political Tailwinds: Is Now the Time to Invest?

Manny Akpan | Business & Economy Editor -
NEW YORK, USA - Bitcoin, the world’s first and most recognised cryptocurrency, has shattered records in 2024, driven by groundbreaking regulatory developments and a...
Economy

New ICC Report Warns of $2 Trillions in Climate-Driven Damages as COP29 Begins

Hope Sampson | Sub Editor -
PARIS, France - In the wake of two recent destructive storms, Hurricane Helene and Hurricane Milton, which have inflicted between $51.5 billion and $81.5...
Economy

Fuel Scarcity Looms as Labour Unions Threaten Nationwide Strike in Nigeria

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria – Nigeria is on the brink of another wave of fuel scarcity as the Nigeria Labour Congress, NLC, has vowed to support...
Economy

Nigeria’s Presidency Assures Northern Governors on Tinubu’s Tax Reforms

Abdul Jummai | Politics Reporter -
ABUJA, Nigeria—Nigeria's Federal Government has reassured governors from 19 northern states that the proposed tax reforms, currently before the National Assembly, will benefit all...
Business

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

Manny Akpan | Business & Economy Editor -
BENIN CITY, Nigeria — Nigerian banks lost a staggering N42.6 billion to fraud in the second quarter of 2024, according to the Association of...
Economy

Blue Economy: Bayelsa Governor Seeks Federal Support to Develop Agge Deep Seaport

Kenneth Ebelemi | Sub Editor -
ABUJA, Nigeria — Bayelsa State Governor, Senator Douye Diri, has called on the Federal Government to collaborate with his administration in the development of...
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