Dangote Refinery has told marketers and customers about the lower review of the cost of loading Ex-Gantry to N865 per liter. The new price is a reduction in N15 from the N880 per liter sold by facilities on Wednesday and almost 24 hours after the Federal Executive Council (FEC) ordered the continuation of the Naira-For-Crude agreement between the refinery and …
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Agbakoba highlighted how Tinubu could reach the N500TN budget in 2026
Former President Nigerian Bar Association (NBA), Dr. Olisa Agbakoba (SAN), has asked the President of Bola Tinubu to decentralize power and carry out major reforms in all critical sectors to unlock more than ₦ 500 trillion in economic value in 2026. Agbakoba called during the Press Briefing in Lagos on Wednesday, where he launched the company’s economic policy and views …
Read More »The top 10 stories from all Nigerian newspapers, Thursday, April 10
Here are the 10 top stories that become headlines throughout the country today. 1. The Nigerian government directs the full implementation of Naira-For-Crude policies The Federal Executive Council has directed the full implementation of the Naira-For-Crude agreement suspended by local petroleum distillation in new encouragement to strengthen Nigerian energy and reduce dependence on foreign exchange. Read more 2. The US-Chinese …
Read More »Naira depreciated to N1.620/$ 1 in the Black Market, there was no official tariff
The Nigerian currency, Naira, depreciated the US dollar on the black market on Wednesday, April 9, 2025. This is even because there is no official tariff from the foreign exchange data of the Nigeria Central Bank (CBN) a few hours after the market is closed. In the black market, Naira descended to N1.620/$ 1 compared to the previous day level …
Read More »The top 10 stories from all Nigerian newspapers on Wednesday, April
Here are the 10 top stories that become headlines throughout the country today. 1. Gov Zulum urged the increase in military support because of Borno’s struggle with the threat of a new Boko Haram The Governor of Borno State, Babagana Zulum, has increased alarm over the new surge in the attack and kidnapping of Boko Haram, warning that the frequency …
Read More »Sentiment bearish returns to the equity market because investors lose N119BN
Sentiment bearish returned to the Nigerian equity market because investors lost N119 billion on the trading floor of the Nigeria Group Xchange (NGX) on Wednesday, April 9, 2025. This follows the surge in stock prices such as Learnafrca, HMCall, and Eti among others on the trading floor. After five hours of trading in the capital market, the capitalization of equity …
Read More »The US-China tariff war sends global oil prices fall to the lowest in 4 years
The ongoing tariff war between the United States and China has increased, sending global crude oil prices falling six percent on Wednesday, April 9, 2025. US President Donald Trump on Wednesday, April 9, 2025, confirmed a 104 percent tariff for Chinese imports while in Tit-For-Tat, China slamming 84 percent on US items which will be valid on April 10, 2025. …
Read More »Ripplesmetrics: In the river, dependence on FAAC encourages budget preparation rather than IGR (Section 2)
Among the crisis that shook the Siminaayi Fubara administration that had become a budget presentation, financial allocations that encourage government spending in one fiscal year. Budget presentations are prepared by the executive and presented to the legislature to debate before being signed into law. However, in the last two years, the presentation cycle has not been smooth, especially with accompanying …
Read More »The Nigerian government directs the full implementation of Naira-For-Crude policies
The Federal Executive Council has directed the full implementation of the Naira-Fror-Crude agreement suspended by local oil rectors in new encouragement to strengthen Nigerian energy security and reduce dependence on foreign exchange. The Ministry of Finance confirmed this development on Wednesday through a post on the official handle of X (previously Twitter), entitled “Renewal of Sales of Oil Products and …
Read More »Rivers: Iba ignores the court orders, appointing the administrator for 23 LGA
Although the court orders arrest him from making an appointment, a single state administrator, representative of the Ibok-eet Iba (Retd.), Has advanced to appoint an administrator for 23 regional government areas in the state. The appointment of administrators arrived almost 24 hours after the Federal High Court sitting in Port Harcourt led by Judge Adam Muhammmed on Tuesday, in a …
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