Fuel Price War: Depot Owners Cut Rates to Match Dangote
Nigerian fuel depot owners have dramatically reduced petrol prices in response to competitive pressure from Dangote Refinery, bringing relief to consumers amid ongoing market shifts.
Category : Business
Nigeria's GDP Data Blackout: NBS Shutdown Bites
Nigeria faces economic uncertainty as NBS fails to release crucial GDP figures amid nationwide strike, leaving investors and policymakers in the dark about economic performance.
Sanwo-Olu's ₦2.7bn Relief for Lagos + FG's ₦75k Nationwide
Lagos State Governor Babajide Sanwo-Olu has initiated a massive ₦2.7 billion financial relief program for vulnerable households, while the Federal Government expands its cash transfer scheme nationwide with ₦75,000 payments to millions of Nigerians.
Tinubu imposes 15% tariff on imported fuel
President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.
Nissan Projects ₦2.6 Trillion Loss for 2025-26
Japanese automaker Nissan projects massive ¥180 billion operational loss for 2025-26 fiscal year. Company announces aggressive turnaround strategy including new models and cost reduction measures.
NDDC Boss Denies Arrest Rumours, Unveils Agri-Plan
NDDC Managing Director Dr. Samuel Ogbuku dispels arrest rumours while announcing revolutionary agricultural initiatives to transform Niger Delta economy and create jobs.
Italy Court Blocks Sicily Bridge, PM Meloni Outraged
Italy's administrative court halts controversial Messina Strait Bridge project, triggering furious response from Prime Minister Giorgia Meloni who vows to continue fighting for the infrastructure development.
Novo Nordisk vs Pfizer: Bidding War for Obesity Drugmaker
Major pharmaceutical battle intensifies as Novo Nordisk challenges Pfizer in high-stakes acquisition race for obesity treatment specialist Metsera, reshaping the weight-loss drug market.
FG Sets Financial Conditions for Ibadan Disco Licence
The Federal Government imposes strict financial requirements on Eko Electricity Distribution Company for Ibadan Disco licence renewal, demanding improved performance and financial stability.
US Economy Goes Dark as Government Shutdown Blocks Data
America's economic pulse becomes impossible to monitor as federal agencies halt data releases during government shutdown, leaving investors and policymakers flying blind.
Tinubu Cuts Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost Nigeria's energy sector.
Nigeria's Economy Improving, Nearing Stability - IWG
Nigeria's economic outlook shows promising signs of improvement as the Inflation Working Group manager confirms the economy is approaching stability with reduced inflation and strengthened Naira.
Abia Launches 173km Fibre Optic Network to Boost Digital Economy
Governor Alex Otti inaugurates WIOC's 173km fibre duct project, marking a major leap in Abia State's digital transformation journey and positioning the region as Nigeria's next tech hub.
234finance Launches Pitch2Scale Africa Startup Competition
Nigerian fintech leader 234finance unveils Pitch2Scale Africa competition, offering startups funding, mentorship, and global exposure through innovative fintech solutions.
Xi-Trump Talks: Nigeria Economy Impact Analysis
Recent phone discussions between Chinese President Xi Jinping and former US President Donald Trump generate hopeful signals for China-Africa trade partnerships, with Nigerian economists watching closely for potential benefits.
Eurozone Growth Beats Expectations in Q1 2024
The Eurozone economy has delivered a powerful performance, exceeding all forecasts with stronger-than-expected growth in the first quarter of 2024, driven by Germany's recovery and resilient consumer spending.
Tinubu Cuts Fuel Import Duties - Price Impact
In a major economic move, President Bola Tinubu has approved a 15% import duty reduction on petroleum products. Discover how this decision could affect fuel prices across Nigeria.
Dangote Industries Hailed as Nigeria's National Treasure
The President of BAVCCA celebrates Dangote Industries as Nigeria's invaluable economic asset, highlighting job creation and industrial growth across multiple sectors.
Tinubu Slashes Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
60M Nigerians Spend ₦55M Daily on Gambling - SEC
Nigeria's Securities and Exchange Commission warns about the dangerous shift from productive investments to gambling addiction, with staggering daily spending figures.
Naira Soars to 10-Month High Against Dollar
The Nigerian Naira experiences remarkable recovery, reaching its strongest position in 10 months as dollar exchange rates plummet across official and parallel markets.
Virgin Advances Plans for Eurostar Rival Service
Richard Branson's Virgin Group advances plans to challenge Eurostar's monopoly with new high-speed rail services connecting London to European cities. Get the latest on this game-changing development.
Experts Urge CBN: Introduce ₦10,000 & ₦20,000 Notes
Leading Nigerian financial analysts are urging the Central Bank to introduce higher denomination notes to combat inflation and improve cash transaction efficiency across Nigeria's economy.
Canon Appoints Hinckley Group Africa Service Centre in Nigeria
Hinckley Group Africa has been officially appointed as Canon's authorised service centre in Nigeria, bringing world-class imaging solutions and technical support closer to Nigerian businesses and photography enthusiasts.
Volkswagen Reports €1 Billion Loss Amid Tariff Crisis
German automaker Volkswagen reports staggering €1 billion quarterly loss amid EU-China tariff tensions and Porsche challenges. Discover how this impacts global automotive markets.
G7 Moves to Counter China's Critical Minerals Dominance
World's wealthiest economies unite to counter China's dominance in essential minerals powering electric vehicles and clean energy technologies. Discover how this global shift could create new opportunities for Nigeria's mining sector.
Bank of Japan Maintains Zero Interest Rates
The Bank of Japan maintains ultra-low interest rates while signaling potential future hikes as yen weakness and inflation concerns persist. Get the latest analysis on Japan's monetary policy direction.
GTCO Records ₦900.8 Billion Profit in Q3 2024
Guaranty Trust Holding Company Plc (GTCO) announces exceptional financial performance with Profit Before Tax hitting ₦900.8 billion in Q3 2024, showcasing remarkable growth and market leadership.
Nigeria Slumps to 18th in Africa Investment Ranking
Nigeria has dropped to 18th place in the latest 'Where to Invest in Africa' report, raising concerns about the country's investment climate and economic competitiveness.
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