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Category: Economy

Business Economy headline

How Nigeria, Lesotho, Kenya and South Africa are affected by Trump’s tariffs

Iheanyi Ejiofor April 3, 2025 No Comments #Trump tariffs

US President Donald Trump has imposed tariffs of 50% on all imports from Lesotho, the second highest rate of any country in the world after China. The tiny southern African…

Read More How Nigeria, Lesotho, Kenya and South Africa are affected by Trump’s tariffs
Business Economy headline

NNPC increases petrol price to N950 per litre in Abuja, N925/litre in Lagos

Iheanyi Ejiofor April 3, 2025 No Comments #NNPC #Fuel#Petrol

The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit, also known as petrol, to N950 per litre in Abuja. The national oil firm raised the…

Read More NNPC increases petrol price to N950 per litre in Abuja, N925/litre in Lagos
Business Economy

Sterling Bank cancels transfer fees; challenges other Banks to follow suit

Iheanyi Ejiofor April 3, 2025 No Comments #Sterling bank #transfer fees

Sterling Bank on Tuesday announced it has cancelled transfer fees, challenging other commercial banks to emulate its policy. Sterling Bank announced its transfer fees cancellation in a post on X…

Read More Sterling Bank cancels transfer fees; challenges other Banks to follow suit
Business Economy headline

Tinubu sacks NNPCL CEO Kyari, replaces him Ojulari

Iheanyi Ejiofor April 2, 2025 No Comments #NNPCL #Mele Kyari #Bashir Ojulari

Our reporter/ President Bola Tinubu on Wednesday approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the Chairman, Chief Pius Akinyelure and the Group Chief Executive…

Read More Tinubu sacks NNPCL CEO Kyari, replaces him Ojulari
Business Economy headline

Nigeria’s net reserve hits $23bn, highest in over three years – CBN

Iheanyi Ejiofor April 2, 2025 No Comments #Net reserves #CBN

Our reporter/ Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in…

Read More Nigeria’s net reserve hits $23bn, highest in over three years – CBN

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