Nigeria
Nigeria's vital food trade sector is currently grappling with profound structural pressures, with recent analyses revealing a staggering nearly N5 trillion impact from combined food imports and exports, alongside significant financial losses for the nation's farmers. As of December 9, 2025, these challenges are not just
Chevron
Houston, USA – December 8, 2025 – Global energy titan Chevron Corporation (NYSE: CVX) is strategically positioning itself for 2026, embarking on ambitious expansion projects in Nigeria and Australia's Gorgon liquefied natural gas (LNG) facility. These initiatives, part of a disciplined capital expenditure plan, are set to significantly bolster Chevron&
Nigeria
Europe's borders are increasingly becoming formidable barriers for Nigerian goods, as consistent quality failures and a struggle to meet international safety standards lead to widespread rejections and bans. This ongoing situation poses a significant threat to Nigeria's non-oil export economy, straining crucial trade relations with the
Dangote Refinery
The Dangote Refinery, a monumental $20 billion investment, is fundamentally redrawing Nigeria's downstream petroleum landscape, presenting both significant opportunities and immediate challenges for established fuel importers as of November 25, 2025. With its operational capacity steadily increasing, the refinery is actively reshaping market dynamics, though not without facing
TotalEnergies
Abuja, Nigeria – November 25, 2025 – TotalEnergies (TTE:EPA) has officially completed the divestment of its 12.5% non-operated interest in Nigeria's prolific Bonga deepwater oil field, marking a significant strategic move that reconfigures its presence in the West African nation. The transaction, valued at an aggregated $510 million,
Nigeria
Abuja, Nigeria – November 17, 2025 – Nigeria's economic landscape is showing promising signs of stability as the nation's headline inflation rate recorded a significant drop to 16.05% in October 2025. This marks the seventh consecutive month of decline and represents the softest inflation has been since
Cryptocurrency
Sub-Saharan Africa is rapidly emerging as a global hotspot for cryptocurrency adoption, driven by a confluence of economic challenges and a digitally native population seeking alternative financial solutions. As of October 2025, the region has cemented its position as the third-fastest-growing crypto market worldwide, with on-chain value surging to over
Nigeria
The recent petrol price hike, effective Monday, October 13, 2025, saw significant increments across key Nigerian cities. In Lagos, the pump price of petrol jumped by N127, moving from N865 per litre to a staggering N992 per litre. Similarly, in the nation's capital, Abuja, the price increased by
Nigeria
Nigeria's agricultural sector is at a critical juncture, with the Federal Government optimistically forecasting increased food output and a subsequent reduction in market prices for the 2025 wet season. This projection, championed by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, paints a hopeful picture of
Nigeria
Abuja, Nigeria – In a move sending ripples through the financial markets, Nigeria has enacted a new tax law set to dramatically increase the Capital Gains Tax (CGT) for foreign investors in local equities, tripling the rate from 10% to a hefty 30%. This significant policy shift, part of the broader
Kogi State
Lokoja, Kogi State – In a strategic pivot towards agricultural self-sufficiency and economic diversification, Kogi State is aggressively deepening its ties with both local and international agencies and investors. Under the leadership of Governor Ahmed Usman Ododo, the state is making concerted efforts to transform its vast agricultural potential into tangible