Nigeria imports N11.8bn apples — Report
Latest data by the National Bureau of Statistics revealed that Nigeria imported N11.8bn worth of apples in the fourth quarter of 2024. This is as the prices of apple…
US Tariffs Could Shrink Global Merchandise Trade Volumes 1% In 2025 – WTO
US President Donald Trump’s worldwide tariff salvo could lead to an overall contraction of around 1 percent in global merchandise trade volumes this year, the WTO chief warned Thursday.…
Trump imposes 14% tariff on Nigerian exports to US
US President Donald Trump has announced that exports from Nigeria to the United States will now be subjected to a 14 per cent tariff. The decision, which was made…
Tinubu sacks NNPCL boss Kyari, names Ojulari as replacement
In a sweeping reconstitution of the Nigerian National Petroleum Company Limited board, President Bola Tinubu has removed the chairman, Pius Akinyelure and the Group Chief Executive Officer, Mele Kyari.…
Filling Stations Hike Petrol Price Amid Dangote-NNPCL Crude Dispute
Filling stations in Lagos, Nigeria’s commercial capital city, have increased the price of a litre of petrol from ₦860 to ₦930, making consumers pay at least ₦70 more than what…
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- Business , International , News
- March 31, 2025
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West African Juntas Impose 0.5% Levy On Goods From Nigeria, Other ECOWAS Nations
Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes…
Dangote Refinery Ships Jet Fuel To US Amid Petrol Trade Crisis In Nigeria — Report
Six vessels carrying about 1.7 million barrels of jet fuel from the Dangote refinery arrived at U.S. ports this month, data from ship-tracking service Kpler showed. Another vessel, Hafnia…
Dangote to stop fuel supply to Nigerian market as naira-for-crude deal stalls
Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress, TheCable understands. However, sources said the refinery…
SEC revokes Mainland Trust’s registration, suspends Centurion registrars
The Securities and Exchange Commission (SEC) has revoked the registration of Mainland Trust Limited and imposed an indefinite suspension on Centurion Registrars Limited, along with its directors and sponsored…
Oil Hits $70/b As Nigeria’s Output Surpasses OPEC+ Quota For February — Report
Oil Hits $70/b As Nigeria’s Output Surpasses OPEC+ Quota For February — Report Oil price steadied after the Organization of the Production Export Countries released its monthly report, with Brent…
NNPCL denies ending naira-for-crude deal with Dangote refinery
The Nigerian National Petroleum Company Limited has strongly refuted claims alleging the termination of the Naira-for-Crude agreement with Dangote Refinery. NNPCL emphasised that it has consistently supplied the refinery…
Petrol imports jump 105% to N15tn – NBS report
Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel, according to findings by The PUNCH. The…
FCCPC files charges against MultiChoice over price hike
The Federal Competition and Consumer Protection Commission has filed charges against MultiChoice Nigeria Limited and its Chief Executive Officer, John Ugbe, for defying regulatory directives to suspend a subscription…
CBN Appoints 16 New Directors
The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments in its operations. Their appointments into operations in several policy-driven, regulatory and supervisory capacities…
FCCPC asks MultiChoice to suspend price hike pending investigation
The Federal Competition and Consumer Protection Commission has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing…
