Oil prices fell sharply on Monday as a pause in US-Iran hostilities eased fears of further disruption to energy supplies through the Gulf. Brent crude dropped 6% to about $86 a barrel, while US West Texas Intermediate fell nearly 7%. The calmer geopolitical climate also lifted several global stock markets, […]
Dangote Petroleum Refinery has announced another ₦50 per litre reduction in the ex-depot price of Premium Motor Spirit (PMS), bringing the total price cut to ₦200 per litre since May 30, 2026. The latest adjustment lowers the refinery’s gantry price to ₦1,075 per litre. The company also revealed cumulative reductions […]
The Federal Government has launched an emergency intervention to tackle rising cooking gas prices, bringing together the EFCC, DSS, Police, regulators, and industry stakeholders to curb LPG hoarding, diversion, and market manipulation. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the move aims to improve gas supply, […]
Nigeria’s external reserves have surged to $51.04 billion as of June 18, 2026, marking their highest level in 17 years and signaling renewed investor confidence and stronger foreign exchange inflows. According to Central Bank of Nigeria (CBN) data, reserves rose from $49.80 billion at the start of June to $51.04 […]
The long-dormant Olokola Free Trade Zone (OKFTZ) is officially waking up. In a massive economic move, the Ondo State Government, led by Governor Lucky Aiyedatiwa, has partnered with the Dangote Group to transform the coastal corridor into Nigeria’s largest industrial and free trade hub. For decades, the multi-billion dollar OKFTZ […]
Global ratings agency S&P Global Ratings has lifted Nigeria’s long-term credit rating to ‘B’ from ‘B-‘, citing tangible gains from President Bola Tinubu’s structural reforms and a dramatically improved economic trajectory. The Upgrade Drivers S&P pointed to three years of sustained reforms, particularly the 2023 foreign exchange market liberalization that […]
After nearly two decades of missed deadlines and fragmented efforts, Nigeria’s Digital Switch-Over (DSO) is finally evolving into a nationwide reality. While skeptics question the viability of the new FreeTV strategy, a closer look reveals it isn’t just a platform—it’s a sophisticated, multi-layered ecosystem designed for the 2026 media landscape. […]
Two of Africa’s biggest corporate giants—United Bank for Africa (UBA) and Dangote Group—have moved swiftly to shut down circulating falsehoods targeting their leadership, reaffirming their commitment to transparency and reputation management. UBA denounced claims of a supposed divorce involving its Group Chairman, Tony Elumelu, labeling the reports “false, defamatory, and […]
Global markets surged and oil prices dipped sharply after Iran announced the full reopening of the Strait of Hormuz to commercial vessels—a high-stakes move signaling possible progress in tense negotiations with the United States. The development comes days before a critical ceasefire deadline on April 21, with fresh diplomatic efforts […]
The ongoing legal feud between cryptocurrency tycoon Linus Williams Ifejirika (better known as Blord) and social media activist Martins Otse (VeryDarkMan) has taken a dramatic turn. On Thursday, April 1, 2026, a Federal High Court in Abuja ordered Blord to be remanded at the Kuje Correctional Center following his arraignment […]
