Economy

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…

Ogun gov approves weekly day off, N10,000 transport allowance for workers

  Ogun State Governor Dapo Abiodun has approved a weekly day off and a…

SEC orders asset freeze of 13 alleged terrorism-financing entities

  The Securities and Exchange Commission has ordered an immediate asset freeze of 13…

Sudan faces hunger crisis as millions survive on one meal daily

A worsening food emergency in Sudan has left millions of people surviving on just…

Dangote refinery shields Nigeria from global energy crisis, says World Bank

  The World Bank has commended the Dangote Group for its foresight in investing…

NISO cuts transmission losses to 7.05%, targets further reduction

  The Nigerian Independent System Operator has recorded a significant drop in transmission losses…

Jet fuel supply recovery could take months despite potential Hormuz reopening, IATA warns

The director general of the International Air Transport Association, Willie Walsh, cautioned on Wednesday…

TCN to expand national grid with Alaoji-Onitsha transmission line upgrade

  The Transmission Company of Nigeria has announced plans to expand the national grid…

AI could end five-day workweek, Zoom CEO predicts

  Zoom CEO Eric Yuan has predicted that advances in artificial intelligence could bring…

OPEC+ agrees to small oil output increase as war disrupts supply

  Eight members of OPEC+ have agreed to increase oil output quotas by 206,000…

Air Peace announces direct Ogun-London flights from Gateway Airport

  The Gateway International Airport in Iperu, Ogun State, is set to welcome its…

Dangote refinery denies receiving seven crude cargoes from NNPCL

  The Dangote Petroleum Refinery has disputed reports claiming that the Nigerian National Petroleum…

Cooking gas price jumps from N1,300 to N1,500 per kg

  The price of Liquefied Petroleum Gas, commonly known as cooking gas, has risen…