Economy

By John Ikani Nigerians are unlikely to see a reduction in the pump price of petrol despite the country's refineries starting local production, the Nigerian National Petroleum Company Limited (NNPCL) has said. The NNPCL's Group Chief...

By Enyichukwu Enemanna Union leaders in the Nigerian maritime sector under the aegis of Maritime Workers Union of Nigeria (MWUN) have directed its members to down their tools, ensure that operations are crippled in the sector...

The Central Bank of Nigeria (CBN) has refuted claims that it devalued the Naira, countering reports that emerged early on Thursday. The alleged devaluation was said to have reduced the Naira's value from N631 to the...

By John Ikani Kenyan President William Ruto is calling on African leaders to embrace a pan-African payments system as a step toward reducing reliance on the US dollar for intra-continental trade. Speaking at a forum on...

By John Ikani The Nigerian National Petroleum Company Limited (NNPCL) has expressed its support for President Bola Tinubu's announcement of the removal of fuel subsidy. During his inaugural address on Monday, President Tinubu firmly declared an...

By Enyichukwu Enemanna Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended. According to Tinubu, a former Governor of Lagos State, the country's 2023 Budget made no provision for fuel...