Nigerian Economy
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in BusinessNigeria Moves to Hand Chinese Firms Majority Control of Key Refineries in $2.5bn Rescue Deal
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Nigerian National Petroleum Company Limited (NNPCL) is reportedly negotiating a major energy partnership that could hand Chinese investors a controlling 51 percent stake in two of Nigeria’s most strategic refineries — the Port Harcourt and Warri refineries — in what analysts describe […] More
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in Big Story
Tinubu Approves ₦3.3 Trillion Power Debt Bailout — Will Nigerians Finally Get Steady Electricity?
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow President Bola Ahmed Tinubu has approved a sweeping ₦3.3 trillion bailout to clear long-standing debts in Nigeria’s power sector, a move that could mark a turning point in the country’s decades-long electricity crisis. The debt, accumulated between February 2015 and March 2025, has […] More
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in News
Outrage in Nigeria as Wike Inspects Luxury Duplexes for Judges While Millions Struggle with Poverty and Food Palliatives
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow A storm of public criticism has erupted online after the Minister of the Federal Capital Territory, Nyesom Wike, inspected newly built luxury residential quarters for judges in Abuja, sparking debate about government spending priorities at a time when millions of Nigerians are grappling […] More
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in Big Story
Tinubu Unveils Powerful Petroleum Reform Task Force to Unlock $10 Billion Investment in Nigeria’s Oil Sector
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow President Bola Ahmed Tinubu has approved the establishment of a high-level Presidential Petroleum Reform and Value Optimisation Task Force to accelerate structural reforms in Nigeria’s oil and gas sector and unlock billions of dollars in investment. The initiative, announced in a State House […] More
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Dangote Slashes Cooking Gas Price to ₦760/kg — Exposes Marketers Over Price Fixing and Profiteering
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow In a bold move set to reshape Nigeria’s domestic gas market, the Dangote Petroleum Refinery has once again reduced the ex-depot price of Liquefied Petroleum Gas (LPG) — popularly known as cooking gas — from ₦810 per kilogram to ₦760 per kilogram. Despite […] More
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Nigeria’s Economy Now the Largest in Africa
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigeria is now Africa’s largest economy and 26th in the World with a total GPD of $510 billion. To arrive at this position, the West African country frog leaped its South African Counterpart. The country which moved 10 points forward now ranks […] More
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Nigeria: An Economy to Watch
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The world celebrates Nigeria as the next largest economy in Africa and one of the emerging investment havens in the world, but to many Nigerians, the new economic status is a sad reminder of the paradox of a rich nation and its poor […] More
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