Dangote Refinery: Oil Import Declines in European markets – OPEC The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe. The 650,000-capacity Dangote refinery, which began...

China and Nigeria Joining Hands for a Brighter Future  By Yu Dunhai From January 8th to 9th, H.E. Wang Yi, Member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs, paid an official visit to Nigeria....

Again, Inflation Rate Rises to 34.8% The National Bureau of Statistics says Nigeria’s inflation rate was 34.80 percent in December, up from 33.60 percent in November. The data is captured in NBS’ consumer price index (CPI) report published on Wednesday. NBS said the headline inflation rate in...

Nigeria, Others to Generate $126bn Revenue from AI - WTO The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has revealed that a report by the organisation has shown that Artificial Intelligence can generate $26 billion in revenue and improve productivity for...

Customs Revenue Growth Rises 90% to N6.1tn in 2024 The Nigeria Customs Service has announced that it collected a total sum of N6.105tn as revenue for the year 2024. It said the amount represents an increase of 90.4 per cent from N3.2tn recorded in 2023, highlighting...

$1bn Program: FG Receives 255 Tractors, Expects More for Food Production The Federal Government on Tuesday said it has received more than 250 new tractors, with additional shipments arriving weekly. The tractors arrived in the country in 85 containers, each conveying three units. The Minister of Agriculture...