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Economy

Nigeria Awaits Energy Independence: Oil Marketers Hold Off Imports in Anticipation of Local Refining

PORT HARCOURT, Nigeria - Nigerian oil marketers are suspending plans to import Premium Motor Spirit, PMS, commonly known as petrol, as they eagerly await...

Aviation Sector: Beyond Tinubu’s Abu Dhabi Diplomatic Stop-Over, By Reuben Abati [MUST READ]

Next week, he goes off to New York, United States for the United Nations General Assembly (UNGA). When Tinubu returns to Nigeria, before he...

University of Lagos Stands Firm on 400% Fee Hike, Citing Quality and Rising Costs

LAGOS, Nigeria - The University of Lagos, UNILAG, embroiled in a crisis over a substantial fee hike, is not backing down. Vice-Chancellor Prof. Folashade Ogunsola...

Tony Elumelu Denies Speculation He’s Being Tipped as Next Central Bank Governor

LAGOS, Nigeria — Tony Elumelu, the chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, has publicly denied rumors that he is...

Nigeria’s Central Bank Probes $1 Billion Currency Counterfeit Deal

ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has initiated a probe into an alleged currency counterfeiting operation involving a sum of $1...

Naira’s Nosedive: Nigeria’s Currency Hits Rock Bottom Despite Economic Reforms

LAGOS, Nigeria — Nigeria's currency, the Naira, has plunged to the bottom of the African currency rankings, despite a string of economic reforms implemented...

Fueling Change: Petrol Consumption Plummets 30% After Subsidy Cut in Nigeria

ABUJA, Nigeria — The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, disclosed on Friday, September 1, 2023, that...

Schools Reopen Amid Rising School Fees and Hardships: The Dark Side of Nigeria’s Fuel Subsidy Cut

NIGERIA - As primary and secondary schools across Nigeria reopen for a new academic session this September, parents are voicing their angst over rising...

Nigeria’s Daily Oil Leak: A Staggering 400,000 Barrels Lost, Warns National Security Adviser

OWAZA, Nigeria - Nigeria continues to lose 400,000 barrels of crude oil daily to theft and vandalism, despite efforts to combat this enduring issue,...

N13 Billion Weekly Losses: Northern Forum Urges Tinubu to Reopen Borders with Niger Republic

ABUJA, Nigeria — Business leaders under the umbrella of the Arewa Economic Forum, AEF, have urgently called the Federal Government to reopen specific northern...

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