Abuja, Nigeria | September 15, 2025 — The Centre for the Promotion of Private Enterprise (CPPE) has raised alarm over the sharp decline in shea nut prices following the Federal Government’s ban on its export, warning that the policy threatens rural livelihoods and could erode investor confidence in Nigeria’s agro-commodity market. According to CPPE, farm-gate
Lagos, Nigeria | September 15, 2025 — Dangote Petroleum Refinery has flagged off its direct fuel distribution programme with the launch of 1,000 Compressed Natural Gas (CNG)-powered trucks, a move expected to reshape Nigeria’s downstream sector. The trucks, valued at about ₦720 billion and imported from China, represent the first phase of a 4,000-truck fleet
Abuja, Nigeria | Monday, September 15, 2025 — Nigeria posted a trade surplus of ₦7.46 trillion in the second quarter of 2025, the National Bureau of Statistics (NBS) has revealed in its latest foreign trade report. The figure marks a significant jump from the ₦5.17 trillion recorded in the first quarter, underscoring stronger overall export
Lagos | September 14, 2025 — A group of fuel importers has alleged that petrol supplied by Dangote Petroleum Refinery is being sold at a lower price in neighboring Togo compared to Nigeria. According to the importers, the product is landing in Togo at a rate about ₦65 cheaper per litre than the retail price
Lagos | September 14, 2025 — BUA Foods Plc has announced a massive dividend payout of ₦216 billion to its chairman, billionaire industrialist Abdulsamad Rabiu, following a strong financial year that saw the company post record earnings. The dividend windfall comes as part of BUA Foods’ profit distribution to shareholders, with Rabiu — the company’s
Abuja | September 13, 2025 — Nigeria recorded a sharp rise in its trade surplus in the second quarter of 2025, with the figure increasing by 44 per cent compared to the same period last year, according to the National Bureau of Statistics (NBS). The bureau reported that the country’s total merchandise trade in Q2
The international coffee market has witnessed a sharp spike in prices, with global benchmarks rising by over 30% in the third quarter of 2025. Industry experts attribute the surge to a combination of extreme weather conditions, logistical challenges, and mounting pressure on key exporting countries. Leading producers such as Brazil, Vietnam, and Colombia have been
Lagos | September 12, 2025 — The Dangote Group has confirmed that its multi-billion-dollar petroleum refinery will commence direct supply of Premium Motor Spirit (PMS) to 11 Nigerian states beginning Monday, September 15, 2025. In a statement released on Thursday through its official X handle, the conglomerate said the move is aimed at easing distribution
Abuja | September 12, 2025 — Nigeria earned $66 million in revenue from electricity exports to Benin Republic during the 2025 fiscal year, according to figures from the Nigerian Electricity Regulatory Commission (NERC). The commission disclosed that the earnings came from cross-border power sales under existing bilateral agreements, with Nigeria serving as a key supplier
Abuja | September 12, 2025 — The Federal Government has abolished the 5 percent excise duty previously imposed on telecommunications services, including voice calls and data usage, in a move expected to bring relief to millions of Nigerian subscribers. The National Orientation Agency (NOA) announced the development on Thursday via its official X (formerly Twitter)
