Local prices of petrol and diesel are anticipated to drop following a decline in global oil prices due to the reopening of Hormuz. By Saturday morning, West Texas Intermediate (WTI) and Brent crude dropped 11% and 9% to $83.85 and…
Silent phone lines leave families of 1,000 abducted Nigerians in deep agony. A heavy cloud of uncertainty is hanging over many Nigerian homes today. Over 1,000 citizens remain in the hands of kidnappers who have suddenly gone silent. For the…
Airtel Nigeria has announced the temporary suspension of its airtime and data credit services. The service previously permitted qualified prepaid customers to borrow airtime or data and repay later. Femi Adeniran, Director, Corporate Communications said in a statement on Friday…
Nigeria has officially entered a new fiscal chapter. President Bola Ahmed Tinubu recently signed the N68.32 trillion 2026 Appropriation Bill into law. This is more than just a massive financial document. It represents the administration’s roadmap for a struggling…
The Airline Operators of Nigeria (AON) has warned that airlines across the nation may suspend operations from April 20, 2026, due what it describes as an “astronomical and unsustainable” rise in the price of JetA1 fuel. AON stated in a…
The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate has increased to 15.38 percent in March 2026 — up from the 15.06 percent in February. NBS announced the surge in its consumer price index (CPI) report…
Amina Benkhadra, head of Morocco’s National Office of Hydrocarbons and Mines (ONHYM), said the two countries will sign an intergovernmental agreement (IGA) on the planned $25 billion Nigeria-Morocco gas pipeline this year. Benkhadra stated in a Reuters report on Monday…
Top 10 African countries with the cheapest fuel prices in April 2026 Fuel prices are a major topic in every Nigerian household today. It affects your transport fare and the cost of your groceries. As of April 12, 2026, the…
Manufacturing sector contributes N1.17 trillion in VAT revenue as Nigeria’s economy shifts. The manufacturing sector remains a vital pillar for Nigeria. Recent data from the National Bureau of Statistics (NBS) confirms this. In 2025, the sector generated N1.17 trillion in…
The Trade Union of Nigeria(TUC), has warned that petrol (PMS) price hit N2,000 per litre if urgent measures are not put in place to cushion the impact of rising global crude prices and the depreciating naira. In an interview on…
Naira strengthens to N1,365 as global dollar pressure eases The Nigerian financial market is currently witnessing a welcome shift as the local currency shows renewed strength against the US dollar. On Thursday, the naira appreciated to N1,365 at the official…
The Gulf Crisis and Nigeria’s fiscal moment of truth The global energy market is currently standing on a knife’s edge, and for Nigeria, the stakes have never been higher. What began as a localized tension in the Gulf has rapidly…
Unilever Nigeria Plc has revealed that its parent company, Unilever Plc, plans to merge its global food business segment to McCormick & Company, Inc.</h5> The company said it is evaluating the effects of the proposed merger in a statement submitted…
SCOA Nigeria’s debt jumps 115.2% to N12.017 billion as 2025 financial results reveal high leverage Managing a conglomerate in the Nigerian market is no small feat, especially when the economic climate demands a careful balance between growth and financial stability.…
Telecom theft surges as 656 generators and batteries are stolen from sites in 2025 The heartbeat of Nigeria’s digital economy is under a quiet but relentless siege. According to the latest data from the Nigerian Communications Commission (NCC), telecommunications operators…
