Petroleum marketers in Nigeria may soon stop importing petrol as the Dangote Petroleum Refinery has slashed its ex-depot price by ₦49 per litre, a move that is already reshaping the …
Trade
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BusinessEconomyEnergyOil & GasTrade
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DevelopmentEconomyGlobal DevelopmentGovernancePoliciesTrade
Experts Urge G20 to Tackle Global ‘Inequality Emergency’ as Wealth Gap Widens
Wealth inequality has reached crisis levels globally, threatening democracy, economic stability, and social cohesion, experts have warned ahead of the G20 summit set to take place later this month in …
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EconomyInfrastructureINVESTMENTNigeriaTrade
Lagos Free Zone Touted as Prime Destination for Nordic Investors in Nigeria’s Expanding Economy
The Lagos Free Zone (LFZ), Nigeria’s first private special economic zone developed by Tolaram, has been described as one of the most attractive destinations for Nordic investors seeking long-term opportunities …
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BusinessEconomyGovernment PolicyINVESTMENTManufacturingTrade
Abia State, Abuja Chamber Invite Turkish Investors Ahead of Abia-Türkiye Investment Summit
The Abia State Government, in partnership with the Abuja Chamber of Commerce and Industry (ACCI), has called on Turkish investors to take advantage of the vast business and investment opportunities …
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BusinessGovernment PolicyManufacturingTrade
Manufacturers Association Urges FG to Set Annual Local Content Targets in Key Sectors
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to introduce annual local content benchmarks for public procurement across key industries such as automobiles, textiles, pharmaceuticals, and …
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CurrencyEconomyFinanceInternationalMonetary PolicyTrade
US Dollar Weakens as Markets Expect Fed Rate Cut Amid Renewed US-China Trade Tensions
The United States dollar weakened on Wednesday, losing ground against major global currencies as financial markets priced in a possible interest rate cut by the Federal Reserve. The decline comes …
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AviationBusinessEconomyTradeTransportation & Logisitics
Foreign Airlines Accused of Frustrating Cargo Clearance at Nigerian Airports
Licensed freight agents under the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) have accused some foreign airlines of causing delays in cargo clearance at Nigerian airports …
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EconomyGlobal NewsMarketsPoliticsTechnologyTrade
China Condemns Trump’s 100% Tariffs on Chinese Goods
China has criticised the decision by the United States President, Donald Trump, to impose 100 per cent tariffs on all Chinese goods, describing the move as “hypocritical” and harmful to …
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BankingDigital EconomyEastern AfricaFinanceSMEsTrade
CIB Kenya targets SMEs with digital banking and trade finance expansion
Commercial International Bank (CIB) Kenya is setting its sights on reshaping the country’s banking landscape through a digital-first approach and innovative lending models that focus on small businesses and regional …
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BusinessEconomyEnergyInfrastructureOil & GasTrade
Nigeria’s Petrol Import Falls to Eight-Year Low Amid Refining Reforms
Nigeria’s importation of Premium Motor Spirit, popularly known as petrol, has fallen to its lowest level in eight years as local refining capacity and government reforms continue to reshape the …