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Article 'Nigerian Government Commits to Long-Term Naira-for-Crude Policy with Dangote Refinery'- Nigeria News
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Nigeria forms a high-level sub-committee under the Economic Management Team to address U.S. tariffs and global commodity shocks. Led by Finance Minister Wale Edun, the panel will evaluate impacts on exports, oil revenue, and economic stability, aiming to guide strategic trade and fiscal policy...
Nigeria has the cheapest petrol in West Africa, priced at ₦940 ($0.6) per litre, according to GlobalPetrolPrices.com. Despite recent price hikes after the subsidy removal in 2023, Nigeria remains 13th globally for affordable fuel. The price contrasts sharply with neighboring countries like Ghana...
Dangote Refinery has resumed fuel sales in naira and cut its ex-depot petrol price to ₦865, signaling possible nationwide pump price reductions. The move aligns with Nigeria’s renewed crude-for-naira policy aimed at boosting local refining, easing forex pressure, and improving fuel affordability...
China is slashing the number of U.S. films entering its theaters in response to Trump’s increased tariffs on Chinese goods. The decision, announced by the China Film Administration, reflects both trade retaliation and shifting public sentiment, creating new uncertainties for Hollywood in the...
Dangote Refinery has slashed its petrol price to N865 per litre, marking a significant reduction. The move is expected to impact fuel prices nationwide and offer relief to Nigerians facing high transportation and goods costs. This follows the implementation of the Naira-for-Crude policy aimed at...
Femi Otedola celebrates Aliko Dangote’s 68th birthday, calling him “the greatest entrepreneur to have come out of Africa.” Dangote, founder of Dangote Group, remains a monumental figure in African business, inspiring generations of entrepreneurs across the continent and beyond.
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WTO Director-General Ngozi Okonjo-Iweala warns that the escalating U.S.-China trade war could shrink global GDP by nearly 7%. She highlights the risk of severe trade disruption, economic fragmentation, and long-term damage to global markets, urging countries to pursue dialogue and cooperation to...
Tony Elumelu, chairman of Transcorp Group, stresses that Nigeria cannot achieve its $1 trillion economy goal without fixing the country’s power sector. He calls for urgent reforms, citing the federal government’s slow pace in implementing changes, while highlighting Transcorp’s growth despite...
AfDB President Akinwumi Adesina urges African governments to invest in youth-driven businesses, rather than offering small empowerment grants. He criticizes the "Japa" migration phenomenon and calls for better financial systems to support entrepreneurship. Adesina believes Africa’s youth...
NDIC will begin paying the first tranche of liquidation dividends to Heritage Bank depositors in April 2025. Following the revocation of the bank's operating license, the NDIC assures depositors of prompt payments and urges those still awaiting funds to submit necessary documentation for...
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