Markets surge as former U.S. President Donald Trump delivers a fiery trade policy update, aiming to boost American industry and invite global business relocation. In a dramatic announcement that reignited trade tensions and shook up global markets, former U.S. President Donald J. Trump declared an immediate 125% tariff on Chinese […]
Sweeping Changes to Drive Efficiency and Investment in Nigeria’s Oil Sector In a bold move to strengthen Nigeria’s oil and gas industry, President Bola Ahmed Tinubu has reconstituted the Nigerian National Petroleum Company (NNPC) Limited board, appointing new leadership to steer the corporation toward greater efficiency, transparency, and profitability. The […]
Nigeria’s Foreign Reserves Surge Amid Strategic Policy Reforms The Central Bank of Nigeria (CBN) has announced a remarkable increase in the country’s Net Foreign Exchange Reserve (NFER), marking the strongest position in over three years. As of the end of 2024, NFER surged to $23.11 billion, a significant jump from […]
Dangote Retains Top Spot as African Billionaire Fortunes Soar Four Nigerian business magnates—Aliko Dangote, Femi Otedola, Mike Adenuga, and Abdulsamad Rabiu—have been named in the 2025 Forbes Africa Billionaires List, solidifying Nigeria’s status as a key player in the continent’s economic landscape. Forbes released the much-anticipated list on Saturday, March […]
The Federal Competition and Consumer Protection Commission (FCCPC) has ordered MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices until an ongoing investigation into the company’s proposed tariff adjustment is concluded. This directive, announced on Thursday by Ondaje Ijagwu, FCCPC’s Director of Corporate Affairs, comes […]
Nigeria’s Agricultural Transformation Gains Momentum with Mechanization Drive In a historic step toward modernizing agriculture and boosting food security, the first batch of 2,000 Belarus tractors has arrived in Nigeria — a move that underscores the government’s commitment to agricultural mechanization and rural economic growth. This development is part of […]
Lagos commuters can now enjoy enhanced rail services as the Red Line Rail Service expands its daily trips, starting today. The upgraded schedule includes five morning and four evening trips, a significant increase from the previous two-morning trips. With a total travel time of just 50 minutes between Agbado and […]
The cryptocurrency market has been rocked by a staggering $920 billion loss within 24 hours, underscoring the unpredictable nature of digital assets. This dramatic downturn is tied to a broader tech sector sell-off, spurred by the launch of a groundbreaking AI model from Chinese startup DeepSeek. As the ripple effects […]
A Chinese AI model called DeepSeek has sent shockwaves through the global tech industry, challenging the dominance of US companies and raising questions about the future of AI development. DeepSeek, a powerful chatbot developed by Chinese company High-Flyer, has demonstrated that cutting-edge AI models can be developed with significantly […]
The Nigerian National Petroleum Company Limited (NNPCL) has extended an invitation to former President Olusegun Obasanjo to tour the recently rehabilitated Port Harcourt Refinery in Rivers State. This gesture aims to provide Obasanjo with an opportunity to verify the refinery’s operational capacity and achievements. The invitation follows Obasanjo’s recent comments […]
