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!]
Bond Market Chaos: Yields Spike as Safe-Haven Status Comes Under Fire Amid Tariff Turmoil Wall Street’s nerves are rattled — not by a plunging stock market, but by something far more unexpected: a dramatic sell-off [Read More!]
The Central Bank of Nigeria (CBN) has reported a significant economic milestone for 2024, with a Balance of Payments (BOP) surplus of $6.83 billion, a sharp contrast to the deficits of $3.34 billion in 2023 [Read More!]
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