Economy

By Emmanuel Nduka Last Friday, Nigeria’s Federal Executive Council (FEC) commanded by President Bola Tinubu approved a $21 million investment fund to install digital meters across all 187 crude oil flow stations in the country’s oil-rich...

By John Ikani Nigerian cryptocurrency users received unwelcome news on Wednesday as OKX, a major crypto exchange, announced its departure from the country. The company cited "recent changes in local laws and regulations" as the reason...

By Emmanuel Nduka President of the African Development Bank Group (AfDB), Akinwumi Adesina, has advised the Nigerian Government not to go ahead with the plans to suspend tariffs, duties and taxes on the importation of food...

By John Ikani Egypt has solidified its position as the most alluring investment destination in Africa for the second year running. According to the United Nations Conference on Trade and Development's (UNCTAD) 2024 Global Investment Report,...

By John Ikani Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), disclosed that out of the 18 nations in the African Petroleum Producers’ Organisation (APPO), only Ghana and South Africa opposed Nigeria’s bid...

By Enyichukwu Enemanna The first private refinery in Nigeria is set to source for crude oil from other African countries, especially oil-rich Angola, Senegal and Libya, citing lack of availability in the local market. “We will...