Nigerians may no longer depend on imported petrol to the same extent as before, but that shift has not eliminated the factors keeping pump prices elevated. Aliko Dangote, President of Dangote Group, has explained that producing petrol locally does not automatically make the commodity cheap because the refinery still operates within a market influenced by […]
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 […]
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Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has rejected claims by President Bola Tinubu’s Senior Adviser on Digital/New Media, O’tega Ogra, that his proposed production subsidy for locally refined petroleum is a repeat of an earlier subsidy arrangement operated during the Olusegun Obasanjo administration. The disagreement has opened a fresh […]
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ABUJA — President Bola Ahmed Tinubu’s assertion that Northern Nigeria stands to be the biggest beneficiary of his administration’s economic reforms has triggered a sharp disagreement among major Northern interest groups, exposing a wider debate over whether Nigeria’s improving macroeconomic indicators are translating into meaningful gains for ordinary citizens. While the presidency and the All […]
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Nigeria’s dependence on imported steel is becoming an increasingly expensive burden on the economy, with official trade data showing that the country spent more than ₦1 trillion on iron and steel imports in 2025. The figure highlights a long-standing contradiction in Nigeria’s industrial policy: while the country continues to spend heavily on imported steel products, […]
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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 All Progressives Congress (APC) has made one of its strongest assessments yet of President Bola Ahmed Tinubu’s record, with the party’s National Publicity Secretary, Felix Morka, declaring that the president has performed better than every democratically elected Nigerian president during their respective terms. Morka made the statement during an interview with Channels Television on […]
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ABUJA — Nigeria’s long-running fuel subsidy controversy has returned to the centre of the country’s political debate, with President Bola Ahmed Tinubu rejecting any move back toward subsidy and former Vice President Atiku Abubakar proposing a new system that would direct government support toward domestic refining. The disagreement is more than a political exchange ahead […]
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Akwete, Abia State — Nigeria’s First Lady, Senator Oluremi Tinubu, has renewed calls for greater public support for locally produced textiles, saying increased patronage of indigenous fabrics could stimulate industrial growth, expand employment opportunities, and strengthen the country’s manufacturing sector. Speaking during a visit to the renowned Akwete weaving community in Abia State on Tuesday, […]
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Nigeria’s import duty waiver policy has come under renewed scrutiny after the Nigeria Customs Service (NCS) disclosed that import duty exemption certificates approved by the Federal Government reached an estimated N34 trillion in 2025—a figure that has sparked concerns over fiscal sustainability, transparency, and public accountability. The disclosure has prompted economists and financial experts to […]
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The story of the Dangote Refinery and Petrochemicals (popularly known as the Dangote Refinery) is not just about building Africa’s largest refinery—it is a case study on the unmatched strength of entrepreneurship and private sector innovation. Austrian economist Joseph Schumpeter (1883–1950) once defined entrepreneurship with two enduring statements: Schumpeter was more than a capitalist theorist; […]
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Peter Ameh, National Secretary of the Coalition of United Political Parties (CUPP), has openly criticized President Bola Tinubu’s administration, asserting that the President has dismantled the nation’s economic foundations within his two-year tenure. In a recent interview on Arise News, Ameh expressed concern over the abrupt removal of fuel subsidies, labeling the decision as insensitive […]
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Segun Adewale, a prominent figure within the Peoples Democratic Party (PDP) and former Lagos State chairman, has described former Vice-President Atiku Abubakar as the “messiah” Nigeria urgently needs to resolve its economic challenges. In a recent interview with the News Agency of Nigeria (NAN) in Lagos, Adewale firmly stated that Abubakar should not be dismissed […]
