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The UAE is to fast-track construction of a new oil pipeline bypassing the Strait of Hormuz, official media said on Friday, after the Middle East war crippled exports through the vital waterway. The post UAE to ‘accelerate’ new oil pipeline bypassing Hormuz appeared fi...
"We gave them N20m, five bags of rice, 120 litres petrol, one keg of red oil, one packet of seasoning, N40,000 worth of hard drugs" The post Kwara ECWA members’ kidnappers want N300m after collecting N20m, rice, oil, petrol appeared first on Vanguard News.
Nigeria could be losing up to N20 trillion each year due to systemic revenue leakages, according to legal expert Olisa Agbakoba. This situation is exacerbating the nation's already significant debt burden.
Northern Nigeria's traders have established a cross-border settlement system independent of the AfCFTA. This development highlights ongoing challenges in implementing the African Continental Free Trade Area agreement in the region.
The Lagos State Government is focusing on transforming agriculture into a multi-trillion-naira sector. This initiative includes major infrastructure and market reforms to enhance the state's N16.14 trillion food economy potential.
Minister Dele Alake emphasizes that Nigeria's economic reforms, though painful, are essential for sustainable growth. He highlights the potential of the mining sector as a key area for development.
A technology expert, Odeyeyiwa Olayemi, has offered insights into building a successful career in today’s global economy, which is driven read more Expert explains how to build career in AI, tech-driven global economy
A historical, geostrategic and economic intelligence perspective on national maritime sovereignty and resource security. Cross River State occupies one of read more Cross River maritime corridor: Nigeria’s premier blue economy gateway (into the Gulf of Guinea)
India has increased fuel prices for the first time since the outbreak of the Middle East war in February. This move reflects the ongoing strain on supplies due to the conflict.
India has raised fuel prices for the first time since the Middle East conflict began, affecting supply chains. This increase is a response to the ongoing blockade in the Strait of Hormuz.
The Nigerian government acknowledges the current economic hardship as painful yet essential for long-term prosperity and growth. They emphasize that bold reforms and strategic leadership are crucial for national development.
Bauchi State Police foiled a kidnap attempt in Misau LGA, arresting two suspects after receiving credible intelligence. The timely operation saved two busi
As part of efforts to deepen and widen the tax net of taxpayers, the State Internal Revenue Service (EIRS) has read more EIRS partners EFCC to expand tax coverage, combat tax fraud, evasion
Nigeria’s average daily crude oil and condensate production rose to 1.66 million barrels per day in April 2026, driven largely by stronger output from Bonny, Forcados and Bonga terminals, bringing the country to 99 per cent of its OPEC production quota. The post Nigeria’s cr...
Mr Dangite said small groups profited from local product allocations under the subsidy regime and that subsidy payments alone reached nearly $10 billion annually. The post How oil mafia fought hard to stop my refinery — Aliko Dangote appeared first on Premium Times Nigeria.
ADC accused Tinubu’s administration of running a ‘Ponzi economy’ after FG moved to secure another $1.25 billion World Bank loan The post Fresh loan: ADC accuses FG of running ‘Ponzi economy’ appeared first on Vanguard News.
By Yinka Kolawole The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April 2026, reversing months of steady moderation as rising food prices, higher energy costs and worsening global commodi...
The Nigerian naira recorded a mixed performance against the United States dollar on Friday, May 15, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders monitored forex liquidity and demand pressures. The post Dollar to Naira excha...
By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2...
The Naira yesterday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. The post Naira depreciates to N1,392/$ in parallel market appeared first on Vanguard News.
Blessing Ibunge in Port Harcourt Nigeria’s crude oil production reached 99.2 per cent of the country’s 1.5 million barrels per day quota approved by Organisation of Petroleum Exporting Countries (OPEC)
• Julius Omodayo-Owotuga emerges First Bank Executive Director Kayode Tokede The Nigerian capital market witnessed a seismic shift as billionaire investor, Mr. Femi Otedola, increased his stake in First HoldCo
Katsina Police foiled a kidnap attempt, rescuing an 18-year-old girl after a gun duel with bandits in Danmusa LGA. The victim is now safe.
Kwara State launches a livestock agenda to reduce Nigeria’s dairy imports, valued at $1.5bn, aiming to boost local production and the national economy.
The Nigerian stock market closed lower, losing N170bn as investors took profits on mid-cap stocks. The All-Share Index fell 0.11% despite positive breadth.
IPMAN urges the NNPC to revive its own refineries instead of increasing its stake in the private Dangote Refinery, questioning the state oil company’s prio
Nigeria’s drive to modernise tax administration and tighten digital compliance received a major boost as technology firm Upperlink Limited has read more Upperlink’s NRS approval signals fresh push to digitise Nigeria’s tax and invoice economy
Despite N20 million ransom, with a bag of rice and a yellow keg of groundnut oil the terrorists have refused grant the victims freedom The post After N20m, rice, oil ransom, terrorists hold on to abducted Kwara church worshippers appeared first on Vanguard News.
The naira traded almost flat against the dollar in the official foreign exchange (FX) market on Thursday as turnover across read more Naira holds steady as NFEM turnover drops 55.97%
The NDIC said the action forms part of efforts to recover assets linked to the defunct bank, whose licence was revoked by the Central Bank of Nigeria (CBN) in January. The post NDIC sues Wema Bank over N125bn Banana Island properties, N401m disputed payment appeared first on Prem...