Lagos – June 24, 2025 – Nigeria’s internet infrastructure is grappling with a long-standing challenge known as the “border problem,” where local internet traffic is often routed through foreign countries before reaching its destination—even when both sender and receiver are within Nigeria. This inefficiency leads to higher data costs, slower speeds, and security vulnerabilities. In
Lagos – June 23, 2025 – The cost of Premium Motor Spirit (PMS), popularly known as petrol, has risen sharply across Nigeria, with MRS Oil Nigeria Plc adjusting its pump price to ₦925 per litre in Lagos and ₦955 in parts of the Southeast, further intensifying concerns over fuel affordability and inflationary pressure. This development
June 23, 2025 – Lagos/Washington – A new report released by global investment banking firm Goldman Sachs has projected that the price of Brent crude oil could surge to $110 per barrel if tensions in the Middle East escalate to the point where Iran blocks the Strait of Hormuz, a key global oil shipping route.
Abuja, June 23, 2025 – Mounting frustration is sweeping across Nigerian cities as motorists continue to endure days-long queues at Compressed Natural Gas (CNG) filling stations, casting serious doubts on the government’s much-publicised energy transition programme. From Abuja to Lagos and across parts of the South-West, lengthy queues of vehicles stretch for kilometres outside the
Abuja, June 23, 2025 – Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has confirmed that Air Peace will commence direct flights between Abuja and London Heathrow Airport from October 26, 2025, following the airline’s successful securing of landing slots under the Bilateral Air Services Agreement (BASA). Announcing the development on Saturday, Keyamo described it as a
Abuja, June 24, 2025 – The Federal Government has thrown its full weight behind a $400 million foreign direct investment project aimed at constructing Africa’s largest rare earth and critical minerals processing plant in Nasarawa State. The ambitious plan, signalling Nigeria’s rising status in the global minerals market, is expected to generate over 10,000 jobs nationwide and drive
Calls for urgent reforms echoed across the 2025 West Africa Economic Summit in Accra as leaders, economic experts, and trade advocates stressed that breaking existing trade barriers within the subregion could unlock an estimated $500 billion in economic value. The consensus among participants was clear: West Africa holds immense untapped potential that can only be
Abuja, June 21, 2025 – The Securities and Exchange Commission (SEC) has issued a new corporate governance directive barring Chief Executive Officers (CEOs) and Executive Directors from immediately taking up the position of Board Chairman within the same company or group upon exiting their executive roles. This directive, announced as part of the Commission’s continued
Foreign Direct Investment (FDI) inflows into Nigeria and several other developing countries have declined sharply, reaching their lowest levels since 2005. This downturn, according to recent global economic assessments, has been attributed to the growing wave of trade restrictions, investment protectionism, and mounting economic uncertainties across the globe. FDI, which is widely regarded as a
At the 2025 China-Africa CEO Dialogue, the Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe, made a powerful appeal for bold and collaborative action between China and Africa, urging leaders in business and policy circles to move beyond mere words and commit to concrete, sustainable partnerships. Speaking under the theme “Sustainable Development, Green
