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!]
President Bola Tinubu has assured Nigerians that the country has successfully navigated its way out of economic uncertainty, expressing optimism about a brighter future ahead. The president made this statement during an exhibition in the [Read More!]
State governments have called for a forensic audit of crude oil-backed loan deals worth about $8.8bn, raising concerns over transparency and declining revenue to the Federation Account. The demand was made during a retreat organised [Read More!]
Global oil prices climbed above $100 per barrel on Thursday as renewed attacks linked to the conflict involving Iran intensified fears of a severe disruption to global energy supplies. The surge in prices came despite [Read More!]
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