Nigerians are facing fresh pressure on transportation, food distribution and business costs after Dangote Petroleum Refinery increased its petrol gantry price to N1,350 per litre, the fourth upward adjustment by the refinery since August. The new price, which took effect on September 12, 2026, represents an N85 increase, or about 6.7 per cent, from the […]
Nigeria’s federal government has sharply increased its reliance on the domestic debt market, with borrowing from local investors reaching N24.7 trillion between January and August 2026, a 90.5 per cent increase compared with the N12.98 trillion recorded during the same period in 2025. The scale of the increase is raising fresh concerns about the availability […]
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ABUJA — The debate over petrol subsidy has returned to the centre of Nigeria’s 2027 political contest, with the Presidency challenging former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, to provide a clear financial and operational framework for his proposed “targeted subsidy.” The latest confrontation followed a series of statements from Atiku […]
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The debate over Nigeria’s controversial petrol subsidy has taken a fresh political turn ahead of the 2027 presidential election, with Peter Obi rejecting Atiku Abubakar’s proposal to restore the subsidy if elected president. Speaking at the Nigerian Bar Association (NBA) conference in Port Harcourt, Rivers State, Obi argued that Nigeria should not reverse subsidy removal […]
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Nigeria’s renewed drilling activity is yet to translate into the kind of sustained crude oil production growth that would significantly strengthen government revenue, foreign-exchange earnings and the country’s position in the global oil market. The latest figures point to a more complicated picture than simply a shortage of rigs. While drilling activity has continued over […]
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Nigeria’s economic reform agenda under President Bola Ahmed Tinubu continues to generate sharp debate among economists, policymakers and political leaders, with growing questions over whether improving macroeconomic indicators will eventually translate into better living conditions for ordinary citizens. While government officials argue that recent reforms have stabilized key areas of the economy and laid the […]
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Motorists in parts of Nigeria’s capital have encountered closed pumps and empty forecourts at several MRS filling stations after a week-long disruption in petrol supply, highlighting the immediate effects of recent changes in the country’s downstream petroleum market. Field observations by LMSINT MEDIA indicate that multiple MRS retail outlets across Abuja and surrounding areas have […]
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Nigeria’s Economic Policies Should Be Measured by Citizens’ Well-Being, Emir Says The Emir of Kano, Muhammadu Sanusi II, has called on Nigerian policymakers to place the welfare of citizens at the centre of national economic decision-making, stressing that the success of any policy should be determined by its ability to reduce poverty and improve living […]
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For years, successive government interventions have sought to restore free movement along Lagos’ Apapa and Kirikiri corridors. Yet, long queues of petroleum tankers continue to dominate the roads, slowing commercial activities, delaying cargo movement, and leaving commuters trapped in hours of traffic. Industry stakeholders say the recurring congestion is no longer simply a traffic management […]
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The Director General of Relax, Tinubu Is Fixing Nigeria (RTIFN), Ahmed Bala, has appealed to Nigerians to look beyond political interpretations of Senator Oluremi Tinubu’s recent remarks on small-scale businesses, describing them as a message about entrepreneurship, dignity of labour and personal responsibility. The First Lady’s comments became a subject of public discussion after she […]
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Nigerian Singer Madrina Speaks on Economic Crisis and Fuel Subsidy Removal Nigerian singer Cynthia Morgan, now known as Madrina, has voiced her concerns over the worsening economic crisis in Nigeria. In a recent TikTok video, she urged President Bola Ahmed Tinubu to take urgent steps to mitigate the hardship caused by the removal of the […]
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The New Partnership for Africa’s Development Business Group Nigeria (NBGN) has embarked on a strategic rebranding initiative aimed at accelerating Nigeria’s economic development and fostering sustainable business growth. NBGN’s Renewed Commitment to Economic Development In a statement released to Vanguard, Bashorun Randle, Chairman of NBGN, highlighted the organization’s longstanding role in promoting economic advancement, regional […]
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The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system. CBN’s Newly Appointed Directors and Their Departments The newly appointed directors and their respective departments […]
