President Recep Tayyip Erdoğan of the Republic of Türkiye has said his country is targeting a trade volume of $5 billion with Nigeria, noting that discussions to achieve the goal have already begun. Erdoğan made this known on Tuesday in…
Nigeria’s digital public infrastructure, particularly its digital payments layer, has expanded access to financial services for millions of citizens previously excluded from the formal banking system. At the centre of this transformation are interoperable payment rails such as Unstructured Supplementary…
The Dangote Petroleum Refinery & Petrochemicals has adjusted its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N799 per litre. Consequently, MRS retail outlets have raised their pump prices to N839 per litre, up from the…
Lagos, Nigeria’s commercial hub, is Africa’s second-largest city economy after Cairo, with an estimated population of over 22 million people and a Gross Domestic Product (GDP) of about $259 billion based on Purchasing Power Parity (PPP). Yet, beneath this economic…
By John Onyeukwu | Fuel subsidy removal and tax reform have expanded Nigeria’s revenue room, but without disciplined social investment, the reform moment risks losing legitimacy. Nigeria’s removal of fuel subsidies and its renewed push on tax reform are often…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the Awodi-07 appraisal and exploration well, a significant development in the shallow offshore western Niger Delta with a projected production capacity of 146,000 barrels per day.…
The Chief Executive Officer of Shell Plc, Mr. Wael Sawan, has announced that the energy giant is prepared to invest $20 billion in Nigeria, citing the leadership and economic vision of President Bola Tinubu as the primary catalyst for the…
The Economic and Financial Crimes Commission (EFCC) has raised concerns over alleged negligence and compromise by some banks and fintech companies in two major fraudulent schemes that have cost Nigerians a total of N18.74 billion. The disclosure was made in…
President Bola Ahmed Tinubu has approved a set of targeted, investment-linked fiscal incentives aimed at advancing the development of the Bonga South West deep-offshore oil project and unlocking similar ventures. The approval, granted during a meeting with a Shell delegation…
Thousands of Ugandans were left struggling to earn a living, access information and stay connected after the government shut down the internet during last week’s fiercely contested general election, disrupting businesses, journalism, education and daily life across the country. In…
