Tony Elumelu, a renowned Nigerian businessman and philanthropist, has emphasized that addressing the country’s crippling electricity challenges is crucial to achieving a $1 trillion economy. As the chairman of Heirs Holdings and the Tony Elumelu [Read More!]
Dangote Refinery has raised the price of petrol to N865 per liter, marking a N50 increase from its previous rate of N815. This change follows the suspension of the Naira-for-crude deal with the federal government. [Read More!]
In a significant development, Dangote Refinery has announced a substantial reduction in its petrol loading price to N865 per liter. This move is poised to have far-reaching implications for Nigeria’s fuel market, where the refinery’s [Read More!]
Nigeria has made a remarkable economic recovery in 2024, posting a $6.83 billion Balance of Payments (BOP) surplus, according to the Central Bank of Nigeria (CBN). This marks a sharp contrast to the previous years, [Read More!]
Nigeria’s economic forecast just hit a major speed bump. The country’s premium crude—Bonny Light—took a sharp dive, dropping by 5.09% to $59.62 per barrel, sparking fresh concerns about the government’s ability to meet its ambitious [Read More!]
Nigeria’s ambition to reach a $1 trillion economy hinges on one critical factor: solving the nation’s electricity crisis, according to Tony Elumelu, Chairman of Transcorp Group. Speaking at the company’s Annual General Meeting in Abuja, [Read More!]
EU Approves $23 Billion in Tariffs in Response to Trump’s Metal Duties The European Union has voted to impose retaliatory tariffs on $23 billion (£18 billion) worth of U.S. goods, escalating trade tensions sparked by [Read More!]
China Hits Back with 84% Tariffs on U.S. Imports as Trade War Escalates In an escalating trade war, China has sharply raised its tariffs on U.S. imports, increasing them to 84% from the previous 34%, [Read More!]
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