Nigeria’s credit rating has been raised to B by Fitch Ratings, though this still places it in the speculative-grade category. The decision to upgrade the country’s status was due to improved policy credibility and lower short-term risks to economic stability.…
The federal government has set up a subcommittee to evaluate the potential economic impact of the recent trade tariffs by the United States government. In a statement issued on Friday by the director of information and public relations at the…
Oil producer Oando Plc said three sabotage attacks had targeted its pipelines in the oil-rich Bayelsa State over the past week. In a statement as reported by Reuters, Oando, which now owns Eni’s former unit Nigerian Agip Oil Co, said…
Former Vice President Atiku Abubakar has put to rest rumours that his visit to former president Muhammadu Buhari at his residence in Kaduna on Friday was for coalition talks. Atiku, who led a delegation of prominent politicians on a courtesy…
The National chairman of the All Progressives Congress, Abdullahi Ganduje, has dismissed the recent visit of the opposition led by former vice president, Atiku Abubakar, as a wasted effort and not a threat to the ruling party or President Bola…
The United Nations Office for the Coordination of Humanitarian Affairs has listed Nigeria and nine other countries as those most affected, as it will cut 20% of its staff due to a shortfall of $58 million. The U.N. aid chief…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed strong support for the Federal Executive Council’s recent approval of the continuation of the Naira-for-Crude policy — a move the association believes could mark a turning point in…
The United Nations Assistant Secretary General and United Nations Development Programme (UNDP) Regional Director for Africa, Ahunna Eziakonwa, says the recent tariffs announced by the United States are a wake-up call for Africa to go beyond foreign aid. She believes…
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple’s latest smartphone went on sale following a months-long ban in Indonesia. The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple’s…
The lawmaker representing Borno South Senatorial District, Ali Ndume, has called on President Bola Tinubu to declare a state of emergency in the nation’s security and economy sectors. He made this call on Friday during an interview on Channels Television’s…
MTN Group President, Ralph Mupita, has announced plans to reduce its shareholding in MTN Nigeria through a public offer after it returns to profitability. The group aims to cut its stake from 76 percent to 65 percent in line with…
Governor Sheriff Oborevwori of Delta State has signed seven bills into law including the Delta State Electricity Power Sector Bill, 2024 which he characterized as a major catalyst for industrial growth in the state. The Governor stressed that the new…
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has raised concerns over Nigeria’s growing migration trend popularly known as “Japa,” cautioning that the country and the continent are losing their most valuable resource—youths. Adesina spoke during an interview…
The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies the sum of N628.03 million for non-compliance with the capping of estimated billing for unmetered customers. The commission conveyed the…
The Dangote Refinery has reduced its petrol loading price to N865 per litre—marking a N15 drop from the N880 previously charged. Confirmed through a pro forma invoice and petroleumprice.ng, the price adjustment was officially communicated to marketers on Thursday morning.…