By Ayomide Otitoju President Bola Tinubu has directed a comprehensive review of deductions and revenue retention practices by the Nigerian National Petroleum Company Limited (NNPCL) and other major revenue-generating agencies, in a bid to increase public savings, improve spending efficiency, and free up resources for economic growth. Minister of Finance and Coordinating Minister of the…
By Ayomide Otitoju Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, effective Tuesday, August 12, 2025. In a statement signed by Chief Branding and Communications Officer Anthony Chiejina, the refinery said the price cut reflects its “unwavering commitment to national development” and assured Nigerians…
By Ayomide Otitoju FirstBank has announced the 2025 edition of its Agric and Export Conference, themed “The Fundamentals of Building a Non-Oil Export Driven Economy,” scheduled for Tuesday, August 19, 2025, at the Eko Convention Centre, Lagos. The event, which will adopt a hybrid format, aims to spotlight emerging trends in Nigeria’s agricultural and non-oil…
. South Africa will present a “generous” new trade proposal to the United States on Tuesday in a bid to avert 30-percent tariffs recently imposed on some of its exports, government ministers have announced. Washington on Friday introduced the steep tariff—reportedly the highest applied to any sub-Saharan African nation—despite months of negotiations by Pretoria to…
By Ayomide Otitoju The National Sugar Development Council (NSDC) has announced that it has secured new investment deals with industry operators and is calling on members of the All Farmers Association of Nigeria (AFAN) and other potential investors to explore opportunities in the nation’s sugar sector. NSDC Executive Secretary, Kamar Bakrin, made the appeal on…
U.S. consumer inflation was unchanged in July, but underlying price growth quickened as President Donald Trump’s broad tariff measures continued to influence the world’s largest economy, government data showed Tuesday. The Consumer Price Index (CPI) rose 2.7 percent year-on-year, matching June’s pace, according to the Department of Labor. The figure came in slightly below the…
Global electric vehicle (EV) sales rose 21 percent year-on-year in July, the slowest growth since January and down from 25 percent in June, as China’s plug-in hybrid market lost steam, according to market research firm Rho Motion. China, the world’s largest car market, accounts for more than half of global EV sales—covering both battery-electric vehicles…
Fingerprints, facial recognition, and access keys are increasingly replacing traditional passwords as tech companies seek more secure login methods — though public reluctance remains a barrier. “The password era is ending,” two senior Microsoft executives wrote in a July blog post. The company has been developing alternative sign-in systems for years and, since May, has…
By Ayomide Otitoju The Nigeria Customs Service (NCS) is ramping up collaboration with the Federal Inland Revenue Service (FIRS) and the National Single Window (NSW) Secretariat to accelerate the Federal Government’s trade facilitation reforms. On 12 August 2025, Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted FIRS Executive Chairman, Dr. Zacch Adedeji, and NSW Project…
