Former African Development Bank , AfDB , President Dr. Akinwumi Adesina met President Bola Tinubu at the Presidential Villa, Abuja on Tuesday, October 27, and declared his readiness to serve Nigeria. Adesina said he was in Aso Rock to formally in…
The Federal Government has approved a monthly transport allowance of ₦70,000 for all federal public servants for six months to cushion soaring living costs. The allowance will run from November 2026 to April 2027. It was the key resolution of a conc…
The headquarters of Saudi Aramco in the eastern city of Dhahran was attacked late Tuesday, causing a limited fire in an administrative building, Saudi Arabia's Energy Ministry said. Authorities responded to the incident and took necessary mea…
The Nigerian National Petroleum Company Limited has expanded its fuel discount promotion to include diesel for commercial and industrial users. The company announced that the ₦66-per-litre discount, which was initially for Premium Motor Spirit , …
Elon Musk officially regained his standing as the world’s only dollar trillionaire on Monday after a simultaneous surge in SpaceX and Tesla shares added tens of billions of dollars to his fortune. Forbes and Bloomberg wealth trackers estimated …
NNPCL GCEO Bayo Ojulari addresses media on the proposed IPO in Abuja — says no fixed date yet, shareholders will decide final listing. Abuja — The Nigerian National Petroleum Company Limited ( NNPCL ) has said it has no fixed date yet for its propo…
The Nigeria Inter-Bank Settlement System Plc (NIBSS) expends not less than ₦150 million every month on electricity and backup generation to keep the country’s central electronic payment rails fully operational, with diesel fuel alone consuming appro…
Nigerian industrialist Aliko Dangote has joined forces with the governments of Ethiopia and Djibouti to build a landmark $660 million multiproduct petroleum pipeline aimed at dramatically easing fuel transit and securing energy supplies across th…
Crude oil will resume flowing through Saudi Arabia's critical East-West Pipeline within days, U.S. Energy Secretary Chris Wright said Tuesday, downplaying fears of an extended disruption to global energy supplies. Speaking to CNBC on the side…
Dangote Petroleum Refinery and Petrochemicals FZE on Monday officially opened its landmark ₦2.15 trillion initial public offering (IPO) on the Nigerian Exchange (NGX), marking the largest public equity offering ever undertaken by a private industri…
African industrialist Aliko Dangote has formally announced the landmark initial public offering (IPO) for the Dangote Petroleum Refinery and Petrochemicals facility, revealing an expansion strategy aimed at transforming the complex into the world&…
The Federal Government of Nigeria has called on the newly installed leadership of the Economic Community of West African States (ECOWAS) to intensify diplomatic engagement with the Alliance of Sahel States (AES), describing the breakaway nations a…
The Federal Government of Nigeria officially launched the Renewable Asset Management Company (RAMCO) to drastically expand national electricity supply, optimize green infrastructure, and mobilise up to ₦3 trillion in sector investments. Speaking a…
Former Vice President Atiku Abubakar on Tuesday reaffirmed his pledge to restore a targeted fuel subsidy if elected president in 2027, arguing that Nigeria is wealthy enough to shield citizens from rising living costs . In a statement posted on h…
U.S. Trade Representative Jamieson Greer on Monday blamed Canada for the breakdown of last-minute tariff negotiations , saying Ottawa sought additional concessions after the two sides had nearly sealed a deal. The failure triggered 50 percent tar…
The United States has begun what Treasury Secretary Scott Bessent called the “single greatest financial offensive ever marshalled against an adversary,” targeting Iran’s remaining economic lifelines in a campaign dubbed Operation Economic Outcast .…
Abia State University has suspended Professor Nnamdi Nwaeze of the Department of Economics with immediate effect over Facebook posts in which he claimed some professors at the institution earn less than ₦400,000 a month and that certain tricycle r…
Iran and Oman are nearing a historic agreement to establish a new commercial navigation corridor through the Strait of Hormuz , but Iranian officials cautioned Thursday that the framework establishes a new traffic management system rather than an un…
More than 160,000 foreign nationals have fled South Africa following months of severe anti-immigrant protests, targeted intimidation, and intensified government enforcement. The mass departures were catalysed by an unofficial June 30 deadline impos…
FIFA has sparked an unprecedented civil war in international football after unveiling a controversial plan to sell minority stakes in its premier competitions through a newly created commercial subsidiary. Under the proposal announced this week, w…
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