The United States dollar fell on Wednesday, August 13, 2025, as new economic data pushed more investors to believe that the U.S. Federal Reserve will cut interest rates in September. …
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Dangote Refinery Lowers Petrol Price to ₦820 per Litre
The Dangote Petroleum Refinery has announced a major step to make fuel cheaper and easier to access across Nigeria. From Monday, August 12, 2025, the refinery reduced its ex-depot price …
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EconomyEnergyMarketsNigeriaOil & GasPolicies
Nigeria’s Fuel Import Reliance Rises to 69 Percent in June
by Joy Radarrby Joy RadarrNigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …
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BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
NNPC Reduces Petrol Price to N900 Just 48 Hours After Hike
Barely two days after increasing the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has again slashed the price at its retail stations, …
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EconomyManufacturingMaritimePoliciesTrade and Commerce
Nigeria Customs Urges Stakeholders to Embrace New Trade Facilitation System Ahead of 2025 Deadline
The Nigeria Customs Service (NCS) has started sensitising maritime and trade stakeholders on the transition from the existing Fast Track system to the Authorised Economic Operator (AEO) Programme, with full …
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GOVERNMENTInfrastructurePoliciesPublic SafetyRegulationTransportation
Ex-NRC Boss Seyi Sijuwade Says Internal Rail Accident Investigations Are Dangerous
Former Managing Director of the Nigerian Railway Corporation (NRC), Engineer Seyi Sijuwade, has raised serious concerns over the way rail accidents are investigated in Nigeria, saying the current system allows …
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AviationBusinessBusiness PoliciesEconomyGovernanceInfrastructurePoliciesPublic Sector
N712bn MMIA Renovation Plan Sparks Debate as FAAN
The Federal Government’s decision to approve a whopping N712 billion for the renovation of the old Terminal 1 of the Murtala Muhammed International Airport (MMIA) in Lagos has sparked widespread …
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DevelopmentDigital EconomyEconomyInnovationPoliciesPoliticsPublic OpinionTechnology
Kenya’s Trade Minister Says Country Now Leads Africa’s Digital Revolution
Trade Cabinet Secretary Lee Kinyanjui has declared that Kenya is now leading the charge in Africa’s digital transformation, citing strong gains in internet connectivity, digital innovation, and a shift away …
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AFRICA NEWSEconomyFinance & ServicesGovernanceGOVERNMENTInternational AffairsNigeriaPolicies
Nigeria’s Shamseldeen Ogunjimi Elected Deputy Chairperson
Nigeria’s Accountant General of the Federation, Mr. Shamseldeen Babatunde Ogunjimi, has been elected as the Deputy Chairperson of the Executive Committee of the African Association of Accountants General (AAAG). His …