Why Petrol, Diesel Prices May Not Drop Despite Dangote Refinery — Experts Experts believe that prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery. With the removal of subsidy on petrol in May 2023, the price...

Public Debt Hits N121tn Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn ($108.23bn) as of December 2023. The DMO in a statement...

Africa Global Logistics Launches in Nigeria, Unveils Growth Plan Africa Global Logistics (AGL), one of Africa’s leading logistics solutions providers, has formally launched in Nigeria with the company unveiling its plans for transformation and growth in Nigeria’s logistics landscape. Formerly known as Bolloré Africa Logistics, AGL...

FG Signs $3.5b Agreement with Afrexim to Promote Textile, Others The Federal Government has announced a $3.5 billion agreement with the African Export–Import Bank (Afreximbank) to enhance the textile industry and promote the use of compressed natural gas (CNG) vehicles among other initiatives. The Minister of...

Egypt, Nigeria, Morocco Receive 61.2% Remittances in Africa . The Mo Ibrahim Foundation, an African non-grant foundation, says Egypt, Nigeria, and Morocco receive 61.1 percent of remittances into Africa. The foundation disclosed this in its 2024 forum report, titled, ‘Financing Africa. Where is the Money?’ Published on June...

Nigeria to Set Electricity Tribunal as FG Activates 2.6 million Meters The Federal Government, on Thursday, declared that it was perfecting the process for the establishment of an electricity offences tribunal with an inbuilt appeal system to speedily tackle power-related offences. It also declared that a...