Nigerians are in for harder times as President Bola Ahmed Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. This was announced in a letter dated October 21, 2025, where the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal…
Port Harcourt refinery Some staff of the Port Harcourt Refinery has faulted the Nigerian National Petroleum Company Limited (NNPCL) on production level of the refinery. One of them declared that the refinery never produced a single drop of fuel despite the billions of dollars sunk into it for turn around maintenance. According of the workers,…
FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is proud to announce the commencement of its 2025 Corporate Responsibility and Sustainability (CR&S) Week, scheduled to hold from 27 October – 1 November 2025. Now in its ninth year, the annual event is a reflection of the bank’s commitment to…
*As nominations portal closes for WES 2025 Awards For Outstanding Economic Impacts All is set for the annual WorldStage Economic Summit 2025 on Friday November 21, 2025 at The Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos by 10AM, with top experts from the public, private and academia set to address the theme: Tackling…
Gen Assimi Goïta, Mali head of state Mali has suspended schools and universities nationwide due to a severe fuel scarcity caused by a blockade on fuel imports imposed by Islamist insurgents. Education Minister Amadou Sy Savane announced on state television that all education institutions would remain shut until 9 November, saying the movement of staff…
More than 8,000 flights were delayed across the United States on Sunday as a shortage of air traffic controllers continued to disrupt travel amid the ongoing federal government shutdown, now in its 26th day. U.S. Transportation Secretary Sean Duffy said the Federal Aviation Administration experienced staffing shortages at 22 air traffic control locations on Saturday,…
Aliko Dangote, the richest Black man in America, has reached a new milestone, with a net worth of $30.3 billion, according to the Bloomberg Billionaires Index. Per Business Insider Africa, the feat makes him the first African-born billionaire to achieve this level of wealth, fueled by growth in his cement and oil ventures. Dangote’s wealth…
Olusegun Alebiosu- FirstBank MD/CEO FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, has successfully integrated the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app, enabling customers to make instant, secure, and local currency-based cross-border payments across Africa. PAPSS, developed by the African…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has disclosed that under his leadership, the Commission has made unprecedented progress in the fight against economic and financial crimes in the last two years by recovering over N566 billion alongside other currencies and assets. He made this disclosure in Abuja on…
The House of Representatives has waded into mounting public outrage over escalating bank charges, warning that excessive fees could undermine Nigeria’s drive for financial inclusion. Lawmakers said the growing deductions from customers’ accounts are discouraging savings and eroding trust in the banking sector — a trend that threatens to reverse years of progress toward expanding…
