Category: Business and Economy

A landmark in Nigeria’s energy sector is set to go live as the 1250MW power plant spearheaded by billionaire businessman, Dr. Deji Adeleke, is now fully completed and ready for commissioning. According to sources close to the project, the only step remaining is its connection to the national gas grid. Once operational, it will rank...

The Wolin East 1 well is estimated to hold 22 million tonnes of crude oil and 5 billion cubic metres of natural gas, with the broader concession potentially containing even more. Central European Petroleum (CEP) has announced Poland’s largest and one of Europe’s most significant conventional oil finds in a decade, located off the central...

Africa’s richest person has applied to begin work on a seaport near his fertilizer and oil refinery plants to make it easier to export goods — including liquefied natural gas — and support the rapid growth of his industrial empire. Aliko Dangote’s plan “to build the biggest, deepest port in Nigeria,” took wings after he...

World Trade Organisation Director General Ngozi Okonjo-Iweala: “Zambia becomes the 105th member to deposit its instruments of ratification for the Fisheries Subsidies Agreement. “Leaving us with 6 more to go! Thanks for H.E Ambassador Eunice Tembo Luambia and her team, to Madam Vice President Mutale Nalumango and H.E Mr President @HHichilema and the entire Zambian...

The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from...

Dr. Ngozi Okonjo-Iweala: “In Sevilla, at the International Conference on Financing for Development. Talking WTO reform with European Commission President H.E @vonderleyen, who reaffirmed the @EU_Commission’s strong support for the WTO, reiterated the need for reform and repositioning of the organization to better serve members, and expressed her willingness to work hard with other members...

China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high tariffs of up to 145%, and 125% retaliatory duties imposed by Beijing, took effect and shipments were curtailed. National Statistics Bureau spokesperson...

Washington D.C., April 2025 – In a historic and unprecedented move, the United States government has declared a full-scale global offensive on illicit dollar holdings, targeting black market reserves, offshore accounts, and pallets of untraceable cash hidden in vaults around the world. Under the newly passed “Global Corruption Accountability & Dollar Sanitization Act”, any USD...

“This road is not just an infrastructure project, it’s a crucial alternative route that will Stretching 12.88 kilometres, the road will feature a semi-rigid single carriageway, with an average width of 10 meters and two bridges that will facilitate smoother travel. “This project is designed to uplift and enhance connectivity among communities such as Ilogbo...