Blog
European stock markets declined today as investors await the latest monetary policy decision from the European Central Bank (ECB). The Stoxx 600 index dropped by 0.66% as of 10:11 a.m. London time, with nearly all sectors recording losses — except oil and gas. A notable exception on the trading floor was Siemens Energy, whose […]
The Nigerian Customs Service (NCS), Area 2 Command in Onne, Rivers State, has announced that it generated over N190 billion in revenue during the first quarter of 2025. Comptroller Mohammed Babandede, the Customs Area Controller, disclosed this at a news briefing in Onne. In addition to the revenue generated, the Command also seized 20 […]
The Nigerian currency showed signs of weakness during midweek trading at the unofficial market, despite improvements in the country’s official market. The naira traded at N1,620 to $1, compared to N1,605 to $1 the previous day, indicating a depreciation. However, traders remain cautiously optimistic as the spot market reflects a stronger naira value […]
In a major international development, Steve Witkoff, U.S. President Donald Trump’s special envoy, has revealed that Russian President Vladimir Putin is open to a “permanent peace” deal with Ukraine. This update follows the third round of talks held in Saint Petersburg, where Witkoff described the meeting as “compelling,” noting the presence of senior Russian […]
At a Bankers Committee Town Hall held in Lagos, the Central Bank of Nigeria (CBN) identified poor product quality, weak packaging, and inadequate branding as major obstacles to the growth of Nigeria’s non-oil exports. Representing the CBN, Deputy Director Nelson Amuwa spoke on behalf of Dr. Aisha Isa-Olatinwo, the Director of Consumer Protection and Financial […]
The Federal Road Safety Corps (FRSC), Ogun Sector Command, has urged motorists to strictly adhere to traffic regulations during the Easter celebration to ensure safety and reduce accidents on the roads. The call was made by Mr. Memee Timothy, the Ifo Unit Commander, who stressed the dangers of speeding, wrongful overtaking, driving against traffic, overloading, […]
President Bola Tinubu has declared a national emergency on food security, calling for the expansion of irrigation infrastructure and inclusive water resource management. He made this known during the 6th African Regional Conference on Irrigation and Drainage held in Abuja. Represented by Secretary to the Government of the Federation, George Akume, the President stressed […]
The Dangote Refinery has started selling Premium Motor Spirit (PMS) in naira, a move that is expected to ease dollar scarcity issues and potentially lead to reduced fuel prices across the country. Marketers have welcomed the development, predicting that petrol prices will drop nationwide. According to reports, the Dangote Refinery has begun selling PMS in […]
The inaugural Indian Trade Expo 2025, organized by the High Commission of India, Abuja, in association with the Indian Professionals Forum, was held at the Landmark Event Centre in Lagos, Nigeria, aimed to foster stronger economic ties between Nigeria and India. The event served as a platform for discussions on overcoming challenges such as trade […]
The World Bank may approve a total of $1.13 billion in loans for Nigeria before the end of March 2025. The loans are part of ongoing efforts to support Nigeria’s economic resilience, health security, and education reforms. According to information published on the World Bank’s website, three key projects are at the stage of negotiation, […]
