The Federal Government has inaugurated a Government-Private Sector (GPS) Dialogue Series aimed at strengthening collaboration with the private sector to accelerate economic growth and expand financing opportunities for Small and Medium-sized Enterprises (SMEs). The initiative, launched on Saturday at the Radisson Blu Hotel in Ikeja, Lagos, forms part of the Renewed Hope Agenda and seeks …
The Dangote Refinery has expressed support for the recently approved 15 per cent tax on petrol and diesel imports into Nigeria. Pinnacle Daily reports that Tinubu had, in a letter dated October 21, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, directed immediate implementation of …
The World Customs Organisation (WCO) has commenced a two-week intensive technical training for officers of the Nigeria Customs Service (NCS) at its headquarters in Brussels, Belgium, aimed at strengthening Nigeria’s Advance Ruling system and enhancing capacity in Renewable Energy Classification and the Green Harmonised System (HS) initiative. The programme is supported by the German Development …
Nigerians may soon benefit from lower petrol and food prices as 22 ships carrying petroleum products, frozen fish, and other essential commodities berth at Lagos ports, the Nigerian Ports Authority (NPA) has revealed. The NPA’s latest Shipping Position report shows that the vessels are currently discharging cargo at Apapa, Tincan, and Lekki ports, signalling a …
The Securities and Exchange Commission (SEC) has disclosed that Nigerians have lost an estimated N300.2 billion to Ponzi and illegal investment schemes in recent years, sparking intensified enforcement and heightened investor-protection efforts. AbdulRasheed Dan-Abu, Head of Fintech and Innovation at the SEC, revealed the figure during the Commission’s 2025 Journalists Academy in Abuja on Thursday. …
Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Bayo Ojulari, has reaffirmed the commitment of the company towards reviving the state-owned moribund refineries. Ojulari, the NNPCL management is determined to ensure that the refineries located in Port Harcourt, Warri, and Kaduna are fully rehabilitated and operate effectively. In a statement via …
U.S. President Donald Trump and South Korean President Lee Jae Myung have finalized a long-awaited trade and investment deal during Trump’s visit to South Korea. The breakthrough came during his ongoing Asia tour and marks a major step in strengthening U.S.–Korea economic ties. Speaking at a dinner on the sidelines of the Asia-Pacific forum in …
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has called for massive investments in the oil and gas sector to reduce Africa’s spending on hydrocarbon imports. The minister made the call during his keynote speech at the opening ceremony of the 2025 Oil Trading and Logistics (OTL) Africa Downstream Energy Week in …
Gold’s rally shows no sign of slowing down as analysts predict the precious metal will hit record levels next year. Data shows 39 analysts and traders forecast an average gold price of $4,275 per ounce in 2026, the first time projections have crossed the $4,000 mark. For 2025, analysts expect prices to average $3,400 per …
Oil prices steadied on Monday as optimism over a possible trade deal framework between the United States and China helped counter persistent concerns about weak global crude demand. Brent crude futures slipped by 14 cents, or 0.2%, to $65.70 per barrel at 12:27 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 9 cents to …
