Turkey’s largest oil refiner, Tupras, has placed orders for crude oil cargoes from Nigeria for delivery in March and April 2025, according to shipping data from Kpler. This move is part of Tupras’ diversified crude sourcing strategy amid shifting global oil markets and follows the company’s recent resumption of Russian Urals crude purchases after a
Women farmers in Gombe State are raising the alarm over crippling post-harvest losses that continue to erode their hard-earned gains and threaten the state’s food security. Through the Small-scale Women Farmers Organisation of Nigeria (SWOFON), these women have passionately appealed to the Gombe State Government to urgently invest in modern processing and storage facilities, as
The cycle of financial heartbreak continues as Nigeria grapples with yet another Ponzi scheme collapse, with digital asset platform CBEX joining a notorious list of fraudulent ventures that have drained billions from desperate investors. The latest casualty, CBEX, allegedly vanished with over ₦1.3 trillion after halting withdrawals in April 2025, leaving victims many of whom
As US-China trade relations continue to face significant challenges in early 2025, China has intensified its economic engagement with Nigeria and other emerging economies. This strategic pivot comes as Chinese companies encounter increasing barriers in American markets, prompting Beijing to diversify its international trade partnerships. Recent data reveals that trade volume between Nigeria and China
Lagos State and India are exploring avenues to deepen their economic partnership, leveraging shared interests in trade, investment, and technological collaboration. This comes amid broader efforts by Nigeria and India to bolster bilateral relations, as highlighted during the India Trade Expo 2025, recently inaugurated by the Acting High Commissioner of India to Nigeria, Vartika Rawat.
A recent consumer insight report has revealed that more than half of Nigerians allocate nearly all of their monthly earnings to food, underlining the economic strain on households amid rising living costs. The inaugural edition of the Nigerian Consumer Outlook Report (NCOR 2025), conducted by Lagos-based marketing communications firm, SEID, highlights a shifting consumer landscape
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over potential losses in the downstream oil sector, following what appears to be the beginning of a new wave of petrol price reductions led by private operators. This comes in the wake of SGR, an independent marketer, slashing its pump price to N899
HP has urged the Nigerian government to invest heavily in Artificial Intelligence (AI) as part of its strategy to enhance job creation and productivity in the country. This call comes as Nigeria seeks to leverage technology to drive economic growth and address unemployment challenges. By investing in AI, Nigeria can tap into its potential to
Nigeria has been ranked as the largest consumer of soft drinks in Sub-Saharan Africa, maintaining a strong lead over other nations on the continent despite prevailing economic hurdles. This was revealed by the German Mechanical Engineering Industry Association (VDMA) during a press briefing held in Lagos in preparation for the upcoming drinktec 2025 trade fair.
In a move to expand access to clean and affordable energy across Africa, climate-tech company WiSolar has unveiled flexible installment payment options for its solar electricity solutions. With operations in both Nigeria and South Africa, the company is seeking to bridge the energy affordability gap by allowing customers to spread payments over a 24-month period.
