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Economy

It’s always about the economy, stupid…

Economy

Nigerians Face Economic Crisis as Petrol Prices Jump 8% Overnight

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - Following the recent suspension of petroleum product sales in naira by the Dangote refinery, MRS Oil & Gas has implemented a...
Business

Dangote Refinery Reshapes Global Energy Markets with Landmark U.S. Shipments

Jackson Kachi | Senior News Editor -
SANGOTEDO, Nigeria - The Dangote Petroleum Refinery, the world’s largest single-train refinery, has made a significant mark on the global energy market with over...
Crime

Nigerian Customs Intercepts $193,000 Concealed in Yoghurt Carton at Abuja Airport

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria — The Nigeria Customs Service, NCS, has intercepted $193,000 in undeclared foreign currency at the Nnamdi Azikiwe International Airport, Abuja, concealed inside...
Business

Petrol Prices Increases After Dangote Refinery’s Supply Shift

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria - The Nigerian downstream petroleum sector has been thrown into turmoil following Dangote Refinery’s decision to temporarily suspend the sale of refined...
Business

Dangote Refinery Suspends Naira Sales of Petroleum Products

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria — The Dangote Petroleum Refinery has announced the temporary suspension of petroleum product sales in naira, citing the need to align its...
Economy

Big Business: Lagos Men Spent N661 Billion on ‘Runs Girls’ in 2024, Survey Finds

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria — A recent survey has revealed that men in Lagos State spent an estimated N661 billion in 2024 to satisfy their sexual...
Economy

Afenifere Criticises Tinubu’s Economic Reforms, Warns of Rising Poverty and Social Unrest

Jackson Kachi | Senior News Editor -
LAGOS, Nigeria - The Pan-Yoruba sociopolitical organisation, Afenifere, has reacted to President Bola Tinubu’s claim that Nigeria would have faced bankruptcy without his administration’s...
Economy

Petroleum Marketers Groan as Dangote, Again, Reduces Petrol Pump Price

Jackson Kachi | Senior News Editor -
AWKA, Nigeria - The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised concerns over the ongoing price war between the Nigerian National Petroleum...
Business

Trump Threatens 200% Tariff on EU Wine and Liquor, Escalating Trade Tensions

Manny Akpan | Business & Economy Editor -
WASHINGTON, USA – President Donald Trump has threatened to impose a sweeping 200% tariff on wine, champagne, and other alcoholic imports from the European...
Economy

Reps Pass Resolution Urging CBN To Suspend Planned Hike In ATM Fees

Jackson Kachi | Senior News Editor -
ABUJA, Nigeria - The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its recently announced increase in Automated Teller...
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