Economy
Dollar Gains as China Grants Tariff Exemptions, Signaling Trade War De-escalation
The U.S. dollar is on track for its first weekly gain since mid-March 2025, bolstered by signs of a potential thaw in the...
Nigeria’s FAAC Revenue Plummets by N194.6 Billion in February 2025
Nigeria’s Federation Account Allocation Committee (FAAC) reported a significant revenue decline of N194.664 billion in February 2025, with the total distributable revenue falling...
Nigeria Targets $300 Billion in Dead Capital Through Land Registration Overhaul
Nigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa, has unveiled an ambitious plan to unlock approximately $300 billion in dormant capital within...
Naira’s Downward Spiral Continues: Hits N1,554.85 at Official Market, N1,590 in Black Market
The Nigerian naira has slumped against the U.S. dollar for the fourth consecutive time across both official and parallel foreign exchange markets, raising...
NNPC and Dangote Refinery Kick Off Talks for Naira-for-Crude Renewal
The Nigerian National Petroleum Company Limited (NNPCL) has launched fresh negotiations with the Dangote Petroleum Refinery to renew the naira-for-crude agreement, set to...
Nigeria’s Trade Boom: A Look at Q4 2024 Exports and Imports Across Africa
In the final quarter of 2024, Nigeria solidified its position as a key player in African trade, exporting goods worth N2.042 trillion to...
Rising Human Rights Violations in Nigeria: A 25% Surge in February 2025
The National Human Rights Commission (NHRC) of Nigeria reported a troubling 25% increase in human rights violation complaints in February 2025, with the...
FG Explains Delay in Direct Fund Releases to LGAs Despite Supreme Court Ruling
The Federal Government has clarified why the Central Bank of Nigeria (CBN) has yet to commence direct fund allocations to Nigeria’s 774 Local...
NNPCL Undertakes Major Rehabilitation of Pipelines and Depots to Bolster Nigeria’s Energy Infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has announced a comprehensive rehabilitation project aimed at strengthening the nation's energy infrastructure. In an interview...
Dangote Refinery Adjusts Petrol Prices Due to Global Crude Oil Price Surge
Dangote Refinery has publicly addressed the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, attributing it...
