Business & Economy

Nigeria to Get 500 New CNG Refuelling Stations as MDGIF, Chinese Firm Seal Infrastructure Deal

The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has concluded high-level talks with Chinese manufacturing giant Endurance Group to deliver 500 Compressed Natural Gas...

Nigeria Suspends 15% Petrol and Diesel Import Duty Amid Stakeholder Pushback

The Federal Government has suspended the controversial 15% import duty on petrol and diesel, a move that has drawn widespread praise from independent oil...

UNCTAD Warns High Clean-Tech Tariffs Could Stall Africa’s Renewable Energy Transition Despite Falling Global Prices

Africa’s push toward renewable energy faces a growing threat from high clean-technology tariffs and ongoing trade barriers, according to a new global trade and...

Over 40% of Nigerian Bakeries Shut Down Since COVID, Threatening Food Security — PBAN

Nigeria’s bakery industry is facing one of its worst crises in decades, with more than 40% of bakeries nationwide forced to shut down between...

S&P Global Revises Nigeria’s Credit Outlook to Positive, Cites Reform Progress and Improving Indicators

S&P Global Ratings has upgraded Nigeria’s sovereign credit outlook from stable to positive, reflecting renewed optimism over the country’s ongoing economic reforms and strengthening...

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