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Fuel import data mirrors domestic market turmoil
Local refiners yet deliver cost benefits to Nigerians Sopuruchi Onwuka The performance of the domestic fuel production industry dominated the latest report by the Central Bank of Nigeria (CBN) on the country’s trade performance in the past two years. Although…
UN says global economic growth indicates resilient but subdued
Further slowdown expected in 2026 Sopuruchi Onwuka Global economic growth has shown resilience over the past year despite trade tensions and geopolitical uncertainty, but remains subdued and well below pre-pandemic levels, according to a major United Nations report released on…
Group urges FG to shield poor, tax wealthy Nigerians under proposed reforms
Frank Okon A consumer advocacy group has called on the Federal Government to protect low-income Nigerians from the impact of proposed tax reforms by imposing heavier taxes on wealthy individuals and large corporations. The Coalition for Affordable and Regular Electricity…
Trump seizes control of Venezuela’s $2.8bn oil stockpile
By Ziggy Ojiegbe U.S. President Donald Trump said Venezuela would hand over between 30 million and 50 million barrels of oil to the United States, cargoes worth about $2.8 billion at current market prices. He said the oil would be…
Dangote’s Anthony Chiejina flies Nigerian colors in Global Influence 100 list
Named among world’s communications leaders for 5th time Anthony Chiejina, Group Chief Branding and Communications, Dangote Group, has been named to the prestigious 2025 Influence 100, reaffirming his standing as one of the most consequential communications leaders in the world…
Tinubu nominates 21 board members for NMDPRA, NUPRC
Sopuruchi Onwuka President Bola Tinubu has written to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The nominations were disclosed…
BlueCore buys out Helios, Sojitz Corporation to own Axxela
Sopuruchi Onwuka Helios Investment Partners has completed the sale of its 75% stake in Axxela, the Nigerian natural gas distribution infrastructure company, to BlueCore, marking a full exit by its existing shareholders. As part of the transaction, Sojitz Corporation, the…
Flutterwave acquires Mono in rare African fintech buyout
Ziggy Ojiegbe Flutterwave, Africa’s largest fintech company, has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two of the continent’s…
Iranian uprising adds to building pressure on oil prices
Rising tensions across several key oil-producing countries risk overturning the market’s current complacency and triggering a sharp rebound in oil prices, particularly as sanctions continue to constrain Russian exports. Crude prices fell sharply in 2025 as oversupply fears dominated sentiment,…
Nigeria Leads Sub-Saharan Africa’s LNG Boom
Sopuruchi Onwuka Sub-Saharan Africa’s liquefied natural gas (LNG) supply is set for rapid expansion over the next decade, with total output forecast to rise by 172% from 35.7 billion cubic metres (bcm) in 2024 to about 98 bcm by 2034,…
