economy
News on the global economies
Nigeria’s Foreign Trade Hits N36.6 Trillion in Q4 2024 – NBS
The Netherlands emerged as Nigeria’s top export destination, receiving N2.09 trillion worth of goods, or 10.44% of total exports. Other key trading partners included France (N1.91 trillion), Spain (N1.74 trillion), India (N1.60 trillion), and Indonesia (N1.41 trillion). These five countries
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Revealed: Obasanjo Allegedly Offered N70 Million Bribe To Lawmakers In 2006 For Third-Term Bid – Senator Adeyeye
Ex-Senator Reveals How Lawmakers Were Allegedly Offered N70 Million Each to Support Obasanjo’s Third-Term Bid
Former President Olusegun Obasanjo allegedly attempted to bribe lawmakers with N70 million each in 2006 to secure support for his failed third-term agenda, according to … Continue Reading
Dangote Refinery To Refund Customers Overpriced Petrol, Absorbs N16bn Loss
Dangote Refinery Cuts Petrol Prices, Offers Refunds to Customers Charged Above New Rates, Absorbs N16bn Loss
Dangote Petroleum Refinery has announced a refund plan for customers who purchased Premium Motor Spirit (PMS), also known as petrol, at rates higher than … Continue Reading
JUST IN: NLC Vows Nationwide Strike Over Planned Electricity Tariff Hike
Labour Union Rejects “Fraudulent” Electricity Tariff Reclassification, Accuses Government of Exploitation, and Threatens Nationwide Strike
The Nigeria Labour Congress (NLC) has issued a strong warning against the Nigerian Electricity Regulatory Commission (NERC) over its ongoing reclassification of electricity consumers, describing … Continue Reading
Zelensky Stands Firm After Trump Clash: ‘I’m Not Sure We Did Something Bad’
Trump-Zelensky Showdown Sparks Global Reactions as US Pressures Ukraine to Accept Peace Deal with Russia
Ukrainian President Volodymyr Zelensky remains hopeful about restoring ties with the United States despite a dramatic fallout with President Donald Trump, who accused him of … Continue Reading
JUST IN: Tinubu Signs Record N54.99 Trillion 2025 Budget Into Law
Tinubu Approves Record-Breaking N54.99 Trillion Budget for 2025, Aiming for Economic Growth and Stability
President Bola Tinubu has officially signed the N54.99 trillion ($36.6 billion) 2025 Appropriation Bill into law, marking a significant increase from the initial proposal. The signing … Continue Reading
Trump Tariffs on Mexico, Canada Starting March 4th; Adds 10% Duty on Chinese Imports Over Fentanyl Crisis
Trump Escalates Trade War: New Tariffs on Mexico, Canada, and China Spark Economic and Diplomatic Tensions Over Fentanyl Crisis
WASHINGTON— U.S President Donald Trump announced on Thursday that his proposed 25% tariffs on Mexican and Canadian goods will take effect … Continue Reading
Nigeria’s First Locally Made Helicopter Set For Flight Soon – NASENI
NASENI Gears Up for Historic Test Flight of First Locally Made Helicopter, Pushing Technological Innovation Forward
Nigeria is on the verge of a major technological breakthrough as the National Agency for Science and Engineering Infrastructure (NASENI) confirms that the country’s … Continue Reading
JUST IN: FG Moves To Review Electricity Tariffs For Band B, C Customers
FG Seeks Fairer Electricity Pricing as DisCos’ Investment Delays Stall Band A Migration
The Federal Government has announced plans to review electricity tariffs to address disparities in the current billing system and drive investment in the power sector.
Minister of … Continue Reading
World Bank To Approve $2.2 Billion Loan For Nigeria In 2025 – See Project Breakdown
World Bank to Approve $2.2 Billion Loan for Nigeria in 2025 to boost education, healthcare, digital infrastructure, and economic resilience amid rising debt concerns
The World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, funding … Continue Reading