Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has stated that the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, remains “stubbornly high” despite improved supply in the last one month. Pinnacle Daily reports that cooking gas is selling between ₦1,500 and ₦1,800 per kilogramme in Lagos, pushing a 12.5kg cylinder refill up …
Nigeria is approaching a dangerous tipping point of institutional failure, the Alliance for Economic Research and Ethics has warned. It gave the warning in a policy brief titled The Broken Windows of Nigeria: How Government Neglect Forged a Nation of Self-Reliant Survivists—and the Uncommon Path to True Greatness, issued on Friday and signed by its Chairman, …
When Jim Ovia, founder and immediate past chairman of Zenith Bank, said recently that real estate pays more than banking, many saw it as the retirement move of one of Nigeria's most successful entrepreneurs. But his decision points to a broader shift in Nigeria's economy, where inflation, exchange-rate volatility and high borrowing costs are increasingly …
In his recent article, Africa May Be Blockchain's Most Mispriced Market, Rob Downes, Head of Digital Assets at ABSA Corporate and Investment Banking, argues that Nigeria and Africa are becoming increasingly attractive blockchain markets despite attracting a disproportionately small share of global investment. He says the continent's blockchain ecosystem is maturing, driven by practical solutions …
After years of failed attempts to get Nigeria’s refineries working, the Nigerian National Petroleum Company Limited (NNPCL) recently signed a Memorandum of Understanding (MoU) with two Chinese firms to support comprehensive rehabilitation of the facilities. The move has been described as a major regulatory and strategic pivot in Nigeria’s downstream petroleum sector. The MoU was …
The Federal Government has successfully evacuated another batch of 282 Nigerians stranded in South Africa in the ongoing xenophobic attacks targeting foreign nationals. The fourth evacuation flight operated by Air Peace airline departed Oliver Tambo International Airport at 2.50 pm South African time. It arrived at the Murtala Muhammed International Airport, Lagos (Cargo terminal) at …
Nigeria needs to maintain policy consistency and strengthen operational resilience as the country seeks to regain Frontier Market status following its placement on the S&P Dow Jones Indices (S&P DJI) 2027 Watchlist. The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, said this in a strategy and position paper titled 'Nigeria's Path to Index …
The collapse of the US-Iran ceasefire on Wednesday, July 8, has raised fresh tensions in the Middle East and swiftly caused a return of volatility in global energy markets. This has seen Brent crude surging from about $71 earlier in the week to almost $80 per barrel. According to market data published by Oilprice.com, …
The French government has appealed to football fans to celebrate responsibly as France prepares to face African champions Morocco in Thursday's World Cup quarter-final, amid heightened security over fears of possible unrest. French authorities said security forces would be on alert across the country during the match, scheduled to kick off at 10:00 p.m. local …
The Anambra State Government has introduced the Voluntary Assets, Income Declaration and Tax Regularisation Scheme (VAIDS), giving individuals, businesses and organisations a limited window to regularise their tax records without facing the full penalties for non-compliance. The tax amnesty programme, which runs from July 6 to September 5, 2026, is designed to encourage voluntary tax …
