Economy
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Nigeria’s Sugar Import Soars 328% in Five Years as Local Production Stagnates
Nigeria’s sugar import bill has jumped 328% in five years, hitting ₦2.21 trillion between 2020 and 2024, up from ₦516.61…
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Importers Undercut Dangote Refinery as Petrol Drops Below ₦860/Litre
A fierce petrol price war is unfolding as fuel importers slash prices below those offered by the Dangote Petroleum Refinery,…
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States vs DisCos: Tension Mounts Over Electricity Tariff Cuts as Enugu Leads Push for Fair Pricing
Nigeria’s electricity landscape is bracing for a shake-up as all 36 state Commissioners of Power and Energy signaled readiness to…
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NNPC Declares N905bn Profit in June, Remits N6.96tn to FG in Five Months
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a profit after tax of N905 billion for the month…
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NOGASA Threatens Shutdown Over Dangote’s Direct Supply Plan: Jobs and Industry Stability at Risk
The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has raised an alarm over Dangote Refinery’s plan to distribute…
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Refinery Scandal: Tinubu Under Fire as NNPC Considers Selling Non-Functional Refineries After $18bn Investment
President Bola Tinubu’s administration came under fire over the weekend after the Nigerian National Petroleum Company Limited (NNPCL) admitted that…
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Nigeria Secures Record $747m Deutsche Bank Loan to Fast-Track Lagos-Calabar Super Highway
In a major boost for Nigeria’s infrastructure drive, the Federal Government has secured a landmark $747 million loan to fund…
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Dangote Refinery Slashes Petrol Depot Price to N820 as Crude Oil Dips
The Dangote Petroleum Refinery has reduced the depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦820…
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Nigeria Is in Free Fall”: Rhodes-Vivour Slams Tinubu Over ‘Worst Cost-of-Living Crisis in 40 Years
Gbadebo Rhodes-Vivour, the Labour Party’s 2023 gubernatorial candidate in Lagos State, has delivered a scathing critique of President Bola Tinubu’s…
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Dangote Refinery Set to Begin Fuel Distribution Nationwide Amid Lagos E-Call Up Tensions
Amid growing fears of fuel scarcity in Lagos and other parts of Nigeria, the Dangote Petroleum Refinery has announced plans…
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