Investor Confidence Shaken: NGX Sees Massive N2.8 Trillion Loss Amidst US Sanction Fears

  The Nigerian stock market recorded a significant downturn in the last five days as investors at the Nigerian Exchange Limited, NGX, lost a massive N2.8 trillion between November 3…

Zero Returns: Nine Arrested in Coordinated Europe-Wide Operation Targeting Investment Fraud

Nine people suspected of money laundering were arrested during a multinational synchronized operation, the European Union Agency for Criminal Justice Cooperation announced on Tuesday.     Relevant establishments in France,…

South Korea Triples AI Investment to Become Global Top-Three Tech Powe

South Korea’s President Lee Jae Myung has announced plans to triple the country’s investment in artificial intelligence (AI) as part of a bold national strategy to position the nation among…

Otedola Backs Tinubu’s 15% Fuel Import Tariff, Citing Industrialization Push

  Nigerian businessman Femi Otedola has thrown his weight behind President Bola Ahmed Tinubu’s recent 15 per cent import duty on petrol and diesel. Otedola, in a statement on his…

Beyond Politics: How Trump’s Comment Jeopardizes Nigeria’s Stability and Market Image

  The Centre for the Promotion of Private Enterprise has said that the recent threat by the United States of America, President Donald Trump, of a possible military invasion over…

Tinubu Implements 15% Fuel Import Tariff to Boost Local Refineries, Price Hike Imminent

    Last week, President Bola Ahmed Tinubu gave the nod for the implementation of a fresh 15 per cent import duty on petrol and diesel. With the development, Nigerians…

Late Herbert Wigwe’s father denies claims he is contesting his son’s inheritance with his grandchildren (video)

Engineer Shyngle Wigwe, the father of the late Access Bank CEO, Herbert Wigwe, has denied claims that he is contesting his son’s inheritance with his grandchildren.        …

Fuel Price Dip: NNPCL Slashes Petrol Price Following Dangote Supply Fix

  The Nigerian National Petroleum Company Limited, NNPCL, reduced its petrol pump price on Saturday as supply glitches at the Dangote Refinery eased. UGAMATV reports that the state-owned oil firm…

Proposed fuel tax won’t start until Naira appreciates or oil prices fall — Oyedele

The proposed 5% fuel surcharge (tax) will not be implemented until there is a significant improvement in key economic indicators, specifically an appreciation of the naira or a fall in…

Pump price to increase as President Tinubu approves 15 percent Import Duty on petrol, diesel imports

President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), commonly known as petrol.       The approval was conveyed in…