New Board Crucial to NNPCL's Transformation - Lokpobiri   Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri yesterday said the reconstitution of the board of Nigeria National Petroleum Company Limited (NNPCL) was a strategic decision towards further repositioning of the national oil company. Lokpobiri spoke...

FX Inflow Rises by 20.62% as CBN's Share Declines   The Nigerian economy recorded a rise in foreign exchange inflow during the fourth quarter of 2024, according to the latest Central Bank of Nigeria (CBN) Economic Report. The report revealed that total foreign exchange inflow rose by...

PETROAN Alleges Local Refineries Import Substandard Crude Oil   The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says some local refineries are importing substandard crude into Nigeria to cut costs. Speaking with our correspondent on Thursday, PETROAN National Publicity Secretary Joseph Obele said the refineries...

Forex Stability Boosts Manufacturers' Confidence - MAN   Manufacturers are optimistic about the stability of the sector following a challenging period of unsold inventory and economic uncertainty, according to the Chairman of the Manufacturers Association of Nigeria (MAN) Ogun State Chapter, George Onafowokan. It was reported in...

Nigeria Hit with 14% U.S Import Tariff The United States President, Donald Trump, has slammed Nigeria's export to U.S with 14 per cent tariff. Trump said the U.S. will implement “reciprocal tariffs” on all countries of “approximately half” of what they charge us". Under the tariff plan,...

Lesotho Leads with 50%, as Trump Slams South Africa with 30% Tariffs African Countries of Lesotho, Botswana and South Africa have been hit with U.S President Donald Trump's “red hot” import tariff of 50%, 37% and 30 percent respectively. This announcement was made on Wednesday, speech...