By ESTHER McWILLIS-IKHIDE Petrol Prices Rise Despite Softer Crude Market NIGERIA’S petrol market is showing an increasingly complex relationship with developments in the global oil market as pump prices continue to rise despite a decline in international crude prices. The price of Premium Motor Spirit, PMS, commonly known as petrol, moved closer to the ₦1,500-per-litre […]
By ANITA KNIGHT A new escalation in the trade dispute between the United States and Canada is threatening to bring the consequences of protectionist economic policies closer to ordinary consumers, with cars, housing and construction materials emerging as some of the sectors most exposed to rising costs. For months, Washington and Ottawa have exchanged tariff […]
By TINA TOLUTOPE From a Familiar Delicacy to a Cross-Border Business FOR millions of Nigerians, ponmo is simply a familiar part of everyday food culture. It is added to soups and stews, served in peppered portions by roadside vendors and sold in markets across the country. Yet behind the small pieces that eventually arrive on […]
By HALIMA TAKWAS Nigeria’s Coffee Revival: Can a Forgotten Crop Become the Next Oil Alternative? FOR decades, Nigeria’s economic ambitions have remained closely tied to crude oil. Yet beneath that familiar story lies an agricultural commodity with the potential to create jobs, generate export earnings and revitalise rural economies: coffee. Now, policymakers, farmers, researchers and […]
By ARIT OTONG UBOK Akwa Ibom Eyes South Korean Investment in AI, Smart Agriculture & Blue Economy State Seeks to Turn Diplomatic Engagement into Economic Partnerships THE Akwa Ibom State Government has opened a new window for economic cooperation with South Korea, identifying technology, artificial intelligence, smart agriculture, industrial development and the blue economy as […]
By MELVIN KOFFA Nigeria’s Electric-Car Dream Hits a Legislative Roadblock as EV Bill Stalls NIGERIA’S electric-vehicle ambitions are advancing on two different tracks. While the Federal Government is using executive policies to encourage cleaner transportation, the legislation expected to provide a lasting legal foundation for the sector remains trapped in the National Assembly. Nine months […]
By NJORIGE LYNUS Tinubu Sets 1st October Target for Cheaper Fares as CNG Network Expands to 1,000 Stations PRESIDENT Bola Tinubu has directed the Federal Government to add 500 CNG refuelling stations to Nigeria’s planned national network. The expansion will bring the target to 1,000 stations as the administration seeks to use cheaper alternative energy […]
By FIDELUS ZWANSON Nigeria’s Reform Story Faces Its Confidence Test NIGERIA is gradually rebuilding its image among international investors, but the return of confidence has not yet produced a corresponding return of foreign capital. That is the central message emerging from Cordros Securities’ engagement with global fund managers. According to the investment firm, foreign investors […]
By ARIT OTONG UBOK Fire Ravages Sections of Calabar Mall, Destroys Shops and Goods A fire outbreak has destroyed parts of SPAR Mall in Calabar, Cross River State, leaving traders and workers counting their losses. The fire started in the early hours of Saturday. Thick smoke and flames reportedly spread through sections of the shopping […]
By MAY ETAGHERURE ATUZULO Oborevwori Links Infrastructure to Agricultural Growth DELTA State Governor, Sheriff Oborevwori, has said his administration will use infrastructure and other incentives to strengthen agriculture and attract private investment across the state. He made the commitment during an inspection tour of agricultural businesses in Okpe and Uvwie Local Government Areas. The governor […]