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Finance & Economy - Page 7

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

FEATURES·Finance & Economy·World News

China’s Golden Week Shatters Records: 888 Million Trips, ¥809 Billion in Spending Mark New Tourism Surge

China’s recently concluded eight-day National Day and Mid-Autumn Festival holiday has set new records for travel and spending, reaffirming the growing momentum of domestic consumption and mobility across the world’s second-largest economy. According to the Ministry of Culture and Tourism, Chinese residents

October 11, 2025

News·Oil & Gas·Top Stories

Reps Launch Probe into $18B Spent on Dormant Refineries

Nigeria’s House of Representatives has reopened one of the country’s longest-running national scandals: the mystery of billions sunk into “reviving” dead refineries that never breathed again. In a motion that rippled through the Green Chamber on Thursday, Hon. Sesi Oluwaseun Whingan called

October 10, 2025

Business·Finance & Economy·News·World News

US Shutdown Masks a Far Deeper Threat – See Why

Investors are treating the gridlock as political noise when, in reality, it's a warning signal about a system buckling under unsustainable debt

October 10, 2025

Finance & Economy·News·Top Stories

FG Ends Cost-of-Collection Deductions by FIRS, Customs, Others – Edun

The Federal Government has abolished the long-standing practice of revenue-generating agencies deducting a portion of collections as operational costs before remitting funds to the Federation Account Allocation Committee (FAAC). Finance and Coordinating Minister of the Economy, Wale Edun, announced the policy on

October 10, 2025

Business·News·Oil & Gas

Sahara Group Targets 350,000 bbl/d, Acquires 7 Rigs to Boost Upstream Operations

This rig acquisition, Aihebva noted, is central to Sahara's plan to boost its production to at least 350,000 bbl/d of oil and 1,000,000 MMScf/d of gas in Nigeria within the next five years.

October 5, 2025

News·Oil & Gas·Top Stories

Don’t Demonize Dangote and Fail To Compel NNPCL To Convert Contract Staff To Full Employment – CSO Warns NUPENG, PENGASSAN

Nigeria's $20 billion Dangote Refinery almost came to a halt after the oil workers' unions launched an industrial action protesting the alleged dismissal of more than 800 employees

October 4, 2025

Entrepreneurship·Markets·Startup·Technology

CBN’s Android POS Directive Could Upend Nigeria’s ₦8 Trillion Payment Industry — Here’s Why Fintechs, Agents, and Banks Should Be Worried

The Central Bank of Nigeria (CBN) has quietly set the stage for one of the most consequential shake-ups in the country’s financial technology ecosystem. In a directive that many industry players initially dismissed as a technical update, the apex bank has ordered

October 4, 2025

Finance & Economy·News

Nigeria Faces Reform-Poverty Dilemma, Ex-Statistician-General Kale Warns

Former Statistician-General of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has warned that Nigeria is now home to one of the world’s largest concentrations of poor people, with millions slipping into hardship as reforms reshape the economy. Speaking in Lagos

October 3, 2025

Finance & Economy·Top Stories·World News

US Government Shutdown: A Partisan Standoff with Far-Reaching Consequences

Medicare and Medicaid payments will continue, but some administrative functions may slow down. National parks may remain open without visitor services, and food assistance programs may face disruptions.

October 1, 2025

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

News·Oil & Gas

PENGASSAN Suspends Strike as FG Brokers Peace with Dangote Refinery

The Federal Government has brokered peace between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery, leading to the suspension of the union’s nationwide strike. Minister of Labour and Employment, Dr. Mohammed Maigari Dingyadi, confirmed the truce

October 1, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Finance & Economy - Page 7

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

China’s Golden Week Shatters Records: 888 Million Trips, ¥809 Billion in Spending Mark New Tourism Surge

Reps Launch Probe into $18B Spent on Dormant Refineries

US Shutdown Masks a Far Deeper Threat – See Why

FG Ends Cost-of-Collection Deductions by FIRS, Customs, Others – Edun

Sahara Group Targets 350,000 bbl/d, Acquires 7 Rigs to Boost Upstream Operations

Don’t Demonize Dangote and Fail To Compel NNPCL To Convert Contract Staff To Full Employment – CSO Warns NUPENG, PENGASSAN

CBN’s Android POS Directive Could Upend Nigeria’s ₦8 Trillion Payment Industry — Here’s Why Fintechs, Agents, and Banks Should Be Worried

Nigeria Faces Reform-Poverty Dilemma, Ex-Statistician-General Kale Warns

US Government Shutdown: A Partisan Standoff with Far-Reaching Consequences

PENGASSAN Suspends Strike as FG Brokers Peace with Dangote Refinery

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Chinese Fighter Jets Lock Radar on Japanese Aircraft Near Okinawa, Tokyo Lodges Protest

Benin Government Confirms Attempted Coup Has Been Foiled, Talon Safe

Africa Not Rising: Ex-Nigerian Central Bank Official Blames ‘GDP Delusion’

Tony Blair, Barrack Obama, Boris Johnson, Others Turn Speaking Tours into Six‑Figure Windfalls

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Obasanjo’s Rare Villa Appearance, Cleric’s Call for Selfless Service Steal Spotlight at 2025 Christmas Carols

Dickson, Diri Recall Loyalty, Service as Tributes Pour in for Late Bayelsa Deputy Governor

Tinubu’s crises, Wike’s dilemma

Alabi Elevated to Ajia Olubadan as Ibadan Chieftaincy Ranks Adjust After Ladoja’s Ascension

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Obasanjo’s Rare Villa Appearance, Cleric’s Call for Selfless Service Steal Spotlight at 2025 Christmas Carols

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Finance & Economy - Page 7

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