The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Dangote Petroleum Refinery should reduce the pump price of Premium Motor Spirit (PMS), commonly known as petrol, below its …
Economy
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Dangote IndustriesEconomyEnergyNigeriaOil & GasPoliciesUncategorized
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DevelopmentEconomyFinance & ServicesGOVERNMENTHealthcareNigeria
Afreximbank, BoI Sign $75m Deal to Boost Local Drug Manufacturing.
In a significant move to strengthen Nigeria’s healthcare manufacturing capacity, the African Export-Import Bank (Afreximbank) and the Bank of Industry (BoI) have signed a $75 million financing term sheet under …
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EconomyNewsNigeriaPoliticsSecurity
Senator Ali Ndume Rejects Early Tinubu 2027 Endorsement, Cites Economic, Security Concerns
Senator Ali Ndume, the lawmaker representing Borno South Senatorial District, has openly distanced himself from the recent endorsement of President Bola Ahmed Tinubu for a second term in office. The …
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BusinessBusiness and EconomyEconomyGOVERNMENTINVESTMENTPoliciesTrade and Commerce
U.S. Pledges Bigger Trade, Investment Push in Nigeria
LAGOS, Nigeria – The United States Ambassador to Nigeria, Richard Mills, has announced a renewed American commitment to boosting trade, investment, and private sector collaboration with Nigeria, describing the country …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInternational RelationsMarketsPoliciesSouth Africa
South African’s Rand Steady as Global Markets Await U.S.-China Trade Talks
JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …
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AfricaAFRICA NEWSBusinessBusiness and EconomyBusiness PoliciesEconomy
Botswana Pauses Diamond Production as Global Market Slumps
GABORONE, Botswana – The Debswana Diamond Company, a joint venture between the Government of Botswana and global diamond giant De Beers, has announced a temporary suspension of production at some …
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AFRICA NEWSEconomyInfrastructureINVESTMENTNigeriaPolicies
Experts Advocate Strategic Partnerships, Investment to Bridge Africa’s Infrastructure Gap
LAGOS, Nigeria – Stakeholders have stressed the urgent need for massive infrastructure development across Africa to drive sustainable economic growth, job creation, and industrial competitiveness. This position was made known …
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DevelopmentEconomyEnvironmentHealthcarePoliciesTravel & Tourism
Plastic Pollution Threatens Nigeria’s Tourism and Public Health.
Plastic pollution is increasingly jeopardizing Nigeria’s tourism industry, public health, and marine ecosystems, according to experts from the Association of Professional Women Engineers of Nigeria (APWEN). Speaking at a public …
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ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
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BusinessEconomyFinance & ServicesInsuranceMarketsNews
Cornerstone Insurance Grows Profit by 87% in 2024.
Cornerstone Insurance Plc has posted a strong performance for the 2024 financial year, recording a profit after tax (PAT) of N25.89 billion, a massive jump of 87.11 per cent compared …