Economy - Page 16

1002028214

Headlines·Economy·News·News Update

Just In: Dangote Refinery Cut Petrol Price To N699 Per Litre

The Dangote Petroleum Refinery has once again lowered its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre. According to real-time data on Petroleumprice.ng on Friday, the refinery carried out a significant price review, cutting the Premium Motor

December 12, 2025

images (14)

Economy·News·News Update

Scarcity Hits Nigeria’s Drive Towards CNG-Fuelled Cars

Motorists in Nigerian cities are spending hours, or even days, queuing for natural gas to power their cars after the government promoted its use as an alternative fuel. Some are so frustrated that they say they regret the decision to convert their

June 20, 2025

electricity

News Update·Economy·News

TCN Boosts National Grid With Additional 5,910 MVA Transformer Capacity

The Transmission Company of Nigeria (TCN) said it has added 5,910 megavolt-amperes (MVA) of transformer capacity to the national grid. The General Manager, Project Coordination, and Technical Assistant to the MD/CEO, Aminu Tahir, revealed the development while presenting an update on projects

June 20, 2025

Economy·News·News Update

Nigeria’s Foreign Debt Repayment Surges By 50%

The Federal Government disbursed 50 per cent more on external debt servicing year-on-year, according to the latest international payment data by the Central Bank of Nigeria (CBN). According to the data, Nigeria spent about $2.01bn on external debt repayment between January and

June 15, 2025

Economy·Foreign News·News·News Update

Airlines Halt Middle East Flights After Israel Hits Iran

Global airlines cancelled flights to Tel Aviv, Tehran, and other Middle East destinations, or rerouted planes, on Friday as airspaces shut following Israeli strikes on Iran. Israel, Iran, Iraq, Jordan, and Syria closed their airspace after Israel hit military and nuclear facilities

June 14, 2025

images (1)

News Update·Economy·News

Nigeria Posts Q1 2025 Trade Surplus as Imports Decline by 7.02% to N15.43trn

Nigeria recorded a positive trade balance in Q1 2025, as total exports outweighed imports, according to the latest data released by the National Bureau of Statistics (NBS). Total merchandise trade in the quarter stood at N36.02trn, marking a 6.19% increase compared to

June 14, 2025

DANGOTE 1125

Aliko Dangote Steps Down As Chairman After 20 Years

Billionaire entrepreneur Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc. A statement signed by Dangote Sugar Refinery’s Company Secretary, Temitope Hassan, confirmed that Dangote’s retirement becomes effective on June 16, 2025. The development

June 13, 2025

Economy·News·News Update·Politics

Tinubu’s ‘Audacious’ Reforms Rescued Nigeria’s Economy From Tipping Point — Soludo

Anambra State Governor, Charles Soludo, has said that President Bola Tinubu’s “audacious” structural reforms prevented Nigeria’s economy from total collapse. Speaking at The Platform, a special Democracy Day edition organised by The Covenant Nation in the Iganmu area of Lagos State on

June 13, 2025

Economy·Foreign News·News·News Update·Politics

US, China Agree On Trade ‘Framework’ After High-Level Talks

sector.” Top officials from the United States and China said Tuesday that they had agreed on a “framework” to move forward on trade, following two days of high-level talks in London to resolve tensions. US Commerce Secretary Howard Lutnick expressed optimism after

June 11, 2025

News·Economy·Foreign News·News Update

Oil Prices Dip Ahead Of US-China Trade Talks

Oil prices fell by a few cents on Monday as the market anticipates U.S.-China trade talks in London later in the day. Brent crude futures slipped 11 cents to $64.61 a barrel by 7:28 WAT. U.S. West Texas Intermediate crude fell 4

June 10, 2025

36564467 12cb 404b 863c 5946ddd2e086

Economy·News·News Update

GTCO Announces Board Changes, Appoints Suleiman Barau as Chairman

Guaranty Trust Holding Company Plc (GTCO) has announced several significant changes to its Board of Directors, reaffirming its commitment to strong corporate governance and leadership continuity. 1. Retirement of Independent Non-Executive Director – Mrs. Helen Bouyques The Board announces the retirement of

June 10, 2025

images (1)

News·Economy·News Update

Ecobank Group Appoints Group CFO Ayo Adepoju as Executive Director

The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, announces the appointment of Ayo Adepoju, the current Group Chief Financial Officer (CFO), to the Board as Group Executive Director, effective June 4, 2025. Ayo brings

June 10, 2025

Economy·News·News Update·Politics

Nigeria’s Oil, Gas Revenue Rises By 70% Year-On-Year

The Federal Government’s revenue from the oil and gas sector was about 70 per cent higher in February 2025 than that earned from the sector in February 2024. According to the Central Bank of Nigeria (CBN) latest Economic Report for February 2025,

June 7, 2025

IMG 20250515 WA0010

News·Economy·News Update·Politics·Religion

‘Don’t Lose Hope’, Tinubu Appeals to Nigerians In Eid-El-Kabir Message

President Bola Tinubu has acknowledged that Nigeria is not yet where it aspires to be, but appealed to Nigerians to keep hope alive. The President made the appeal in the Eid-el-Kabir message to Nigerians, which he signed on Thursday. Tinubu noted that

June 6, 2025

Economy·News·News Update·Politics

Infrastructure: Don’t Give Planning Approval Without Collaborating With FG, Tinubu Tells Govs

President Bola Tinubu has appealed to state governors to avoid giving planning approvals for land without collaborating with the Surveyor General of the Federation and the Federal Ministry of Works. He emphasized the need for governors to collaborate with the Federal Government

June 6, 2025

images (2)

Economy·Editorial·Editorial (Featured News)·News·News Update·Politics

₦266 Million Per Streetlight—A Blinding Symbol of Budgetary Recklessness

The recent revelation that the Nigerian government invested ₦393.29 billion in 1,477 streetlight projects in the 2025 budget, at an average of ₦266 million per unit, has caused widespread public outcry and outrage. The jaw-dropping figure, which was brought to light by

June 6, 2025

Previous 1 … 14 15 16 17 18 … 37 Next