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Category: Business

Business Economy headline

US launch naval blockade of Iranian ports as oil prices spike

Iheanyi Ejiofor April 12, 2026 No Comments #U.S #naval blockade #Iranian ports #oil prices #Strai of Hormuz

U.S. forces will begin implementing a maritime blockade of Iranian ports on Monday, according to a statement from U.S. Central Command (CENTCOM). In a post on X, CENTCOM said the operation…

Read More US launch naval blockade of Iranian ports as oil prices spike
Business Economy headline

Oyedele admits errors in new tax laws, assures swift correction

Iheanyi Ejiofor April 11, 2026 No Comments #Oyedele #tax reform laws

The Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s newly introduced tax reform laws contain errors, assuring that steps are already underway to address the identified issues.…

Read More Oyedele admits errors in new tax laws, assures swift correction
Business Economy

Supreme court restores Nestoil, Neconde’s right to appoint counsel in alleged $2bn debt dispute

Iheanyi Ejiofor April 11, 2026 No Comments #Neconde#Supreme court #Nestoil

The Supreme Court on Friday set aside the judgment of the Court of Appeal, Lagos Division, and restored the appointment of Chief Wole Olanipekun (SAN) and Dr. Muiz Banire (SAN)…

Read More Supreme court restores Nestoil, Neconde’s right to appoint counsel in alleged $2bn debt dispute
Business Economy headline

Presidency clarifies ₦3.3trn settlement plan approved for GenCos by Tinubu

Iheanyi Ejiofor April 9, 2026 No Comments #Presidency #GenCos

The Presidency on Thursday clarified controversy surrounding the approval of a ₦3.3 trillion plan by President Bola Tinubu, to settle verified legacy debts owed to Power Generation Companies (GenCos) between…

Read More Presidency clarifies ₦3.3trn settlement plan approved for GenCos by Tinubu
Business Economy headline

Oil production hits 1.84m/bpd on improved pipeline security – NNPC

Iheanyi Ejiofor April 9, 2026 No Comments #NNPC #oil production #pipeline security

The Nigerian National Petroleum Company Limited (NNPC) has confirmed that national crude oil production has grown from a low of 960,000 barrels per day in 2022 to an average of…

Read More Oil production hits 1.84m/bpd on improved pipeline security – NNPC

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