Business

Dangote Refinery Reduces Petrol Price by ₦30, Announces Launch of CNG-Powered Trucks for Fuel Distribution

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Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦850 to ₦820 per litre, effective from August 12, 2025. This adjustment was communicated in a statement by the refinery’s Chief Branding and Communications Officer, Anthony Chiejina. The refinery reaffirmed its commitment to Nigeria’s … Read more

Trump Hits Nigeria With 15% Tariff, See How Its Going To Affect Our Economy

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Nigeria is set to face a 15% tariff on its exports to the United States following the launch of a global trade war by U.S. President, Donald Trump. This new policy is part of Trump’s broader strategy to impose tariffs on imports from various countries, including Nigeria, in a bid to protect domestic industries. The … Read more

Naira Slips In Official Market, US Dollar Index Loses Value – SEE TODAYS RATE

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The Nigerian naira saw a minor depreciation against the US dollar during the first trading session of the week, as the dollar displayed strength in the global market. According to Central Bank of Nigeria (CBN) data, the naira slipped by N1.68/$ (0.1%) to settle at N1,535.9/$, compared to N1,534.29/$ at the previous market close. However, … Read more

Indian Refiners Increase Crude Imports From Nigeria After Russia Ban

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Nigeria’s crude oil exports are expected to see a significant increase in September and October, as Indian refiners boost their imports of non-Russian crude, reports suggest. According to a Reuters report quoting trade sources, India’s largest state refiners, Indian Oil Corp (IOC) and Bharat Petroleum (BPCL), have secured at least 22 million barrels of non-Russian … Read more

Nigerian Woman Shares Expert Advice on the Easiest Path to Canada with a Work Permit

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Chisom Chigbo, a Nigerian woman, has shared her migration journey, offering valuable advice for others aiming to better their lives abroad. In a viral message, she encouraged people to remain flexible and consider alternative destinations if their dream country proves difficult to enter, while staying focused on their long-term goals. Chisom recounted how she initially … Read more

Gold Hits Historic High as Markets Plunge Following Trump’s Tariff Move!

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The price of gold surged to a new all-time high on Wednesday, following President Donald Trump’s announcement of extensive new tariffs affecting most U.S. trading partners. Around 11:00 PM WAT, gold surpassed its previous record and continued climbing past $3,150 per ounce, as investors sought refuge in the safe-haven asset amid a sharp decline in … Read more

CBN Clears the Air on Viral Claims of ₦5,000 and ₦10,000 Notes in Circulation

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The Central Bank of Nigeria (CBN) has dismissed widespread social media claims about the introduction of ₦5,000 and ₦10,000 banknotes, calling it false information. The viral posts, which included doctored images of the alleged new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely claimed that the notes would be in circulation from May … Read more

Dr. Philips Nto Champions Renewed Hope for Sustainable Food Security in Nigeria

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Nigerian Lecturers Launch NGO to Drive Sustainable Food Security A group of university lecturers has launched an organization to address Nigeria’s food security challenges through modern agricultural practices. The initiative, spearheaded by Dr Philips Nto, the Director of the Agribusiness Incubation Centre at the Michael Okpara University of Agriculture, Umudike, is designed to mobilize Nigerians … Read more