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!]
Oil marketers have warned Nigerians to prepare for a possible rise in petrol prices to about ₦1,500 per litre as tensions in the Middle East continue to disrupt global energy markets. The warning was issued [Read More!]
The Dangote Petroleum Refinery has explained that the cost of fuel in Nigeria is heavily influenced by global crude oil prices and other international market factors. The management of the refinery said its operations are [Read More!]
Nigeria may experience another wave of rising costs of transportation, food, and basic services after the Dangote Petroleum Refinery increased the price of Premium Motor Spirit (petrol) to N1,175 per litre. The new price applies [Read More!]
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