The Nigerian National Petroleum Company Limited has denied reports alleging that it is selling scrap materials, refinery equipment, or components from its facilities. In a statement released on Friday, the company described the reports circulating [Read More!]
The global economy has reportedly lost more than $50 billion in crude oil revenues since the Iran war began nearly 50 days ago, as major supply disruptions continue to shake energy markets. Fresh tensions resurfaced [Read More!]
President Bola Ahmed Tinubu has acknowledged the pressure rising fuel prices are placing on Nigerians, while urging citizens to remain hopeful amid ongoing economic challenges. Speaking during a visit to Bayelsa State, the President admitted [Read More!]
Two vessels have successfully navigated the Strait of Hormuz following Iran’s decision to partially reopen the strategic route after reaching a ceasefire agreement with the United States. Shipping data indicated that a Greek-owned bulk carrier [Read More!]
President Bola Tinubu has approved a ₦3.3 trillion financial intervention aimed at resolving long-standing debts within Nigeria’s electricity sector, in a move expected to stabilise power supply and rebuild investor confidence. The approval follows a [Read More!]
Fresh revelations have emerged in the ongoing trial of former Central Bank governor Godwin Emefiele—and they are raising new questions about Nigeria’s controversial naira redesign. A prosecution witness told the Federal High Court in Abuja [Read More!]
Africa’s richest businessman, Aliko Dangote, has warned that the ongoing crisis in the Middle East could significantly worsen economic hardship in Nigeria and across Africa if tensions are not urgently reduced. Dangote made this known [Read More!]
The Economic and Financial Crimes Commission (EFCC) has returned over ₦3.9 billion in recovered stolen funds to the Nigeria National Petroleum Company Limited (NNPC), marking a significant breakthrough in Nigeria’s anti-corruption fight. The funds, totaling [Read More!]
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