Economists and policy analysts are sharply divided over the real benefits of the £746 million (about $991 million) export finance guarantee extended by the United Kingdom to Nigeria for the rehabilitation of key port infrastructure in Lagos.

The Nigeria Labour Congress (NLC) has rejected the Federal Government’s proposed ₦6tn bailout for power generation companies (GenCos), calling it a short-term fix that fails to address Nigeria’s chronic electricity crisis.

NSIA, UK Firm Seal $500m Deal to Launch Mega Dairy Hub in Nigeria ‎Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority (NSIA), has entered into a landmark $500 million partnership with UK-based agribusiness investor Asset Green Limited to develop a large-scale dairy farming and...

Trump Denies Knowledge of Israel’s South Pars Strike as Oil Prices Surge The President of the United States, Donald Trump, has said the U.S had no prior knowledge of Israel’s strike on Iran’s South Pars gas field, while also distancing Qatar from the incident. Trump disclosed...

NNPC Increases Crude Supply to Dangote Refinery Amid Oil Price Surge The Nigerian National Petroleum Company Limited has ramped up crude oil supply to the Dangote Petroleum Refinery in a bid to stabilise fuel availability nationwide, as global oil prices climb with Brent crude trading...

Imported Petrol Costs N94 Less Than Local Supply – Report Imported petrol is now significantly cheaper than locally supplied fuel, with its landing cost undercutting the domestic gantry price by N94.53, according to a report by the Major Energies Marketers Association of Nigeria. This came as...