Economy

NMADPRA recommends N1,760 to N1,988 per litre for aviation fuel in Lagos

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has recommended that the price of…

Saudi envoy, Dangote strengthen economic partnership talks

Saudi Arabian Ambassador to Nigeria, Yousef bin Mohammed Al-Balawi has reiterated Saudi Arabia’s resolve…

NUPENG raises alarm over job losses, rights suppression in oil sector

  The Nigeria Union of Petroleum and Natural Gas Workers has raised serious concerns…

Only five ships cross Hormuz in 24 hours amid US-Iran tensions

Only five vessels, including an Iranian oil products tanker, have transited the Strait of…

China warns US over proposed chip export control legislation

The government of China has issued a warning over newly introduced export control measures…

FG raises allowances, welfare benefits for civil servants

  The Federal Government has approved a sweeping increase in peculiar allowances and other…

NCC orders Telcos to give customers airtime for poor service

  The Nigerian Communications Commission has announced that telecom operators will compensate subscribers for…

Oil slides as markets react to Trump’s Iran ceasefire extension move

Global oil prices and equity markets slipped on Wednesday as investors weighed the uncertain…

Karex to raise condom prices over Iran war

The chief executive of Karex, the world’s largest condom manufacturer, has cautioned that prices…

APC chieftain criticises 2026 budget, raises concerns over borrowing

A former federal lawmaker and chieftain of the All Progressives Congress, Abubakar Yusuf, has…

Atiku slams Tinubu’s economic policies, labels reforms ‘organised hardship’

Former Vice President Atiku Abubakar has criticised Nigeria’s current economic situation, describing it as…

Cow prices hit N2.5 million in Lagos, butchers lament

  The Lagos State Butchers Association has decried the persistent rise in the price…

US renews waiver for Russian oil purchases amid energy market strain

The administration of Donald Trump on Friday reinstated a temporary waiver permitting countries to…

Tinubu signs ₦68.32trn 2026 budget into law

President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate…

FG begs airlines to suspend shutdown plan as fuel price jumps 300%

  The Federal Government has appealed to domestic airlines to suspend plans to halt…