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Nigerian Petrol Price Relief Hopes Fade as Iran Recloses Strait of Hormuz

Petrol Price Hopes Fade Over Iran-US Tensions

Hopes for petrol prices dropping to N900 per litre in Nigeria have dimmed after Iran reclosed the Strait of Hormuz, disrupting global oil supply and fueling market uncertainty amid US-Iran tensions.

Nigerian Rice Farmers Demand Action as Imports Slash Prices by N13,000 per Bag

Rice Farmers Cry Out as Imports Crash Prices by N13,000

Local rice farmers in Nigeria face a severe crisis as imported rice floods the market, causing prices to drop by N13,000 per 50kg bag. The government's import duty waiver has led to a surge in shipments, threatening livelihoods and domestic production.

Afreximbank Launches 2027 Internship with $1,000 Stipend, Visa Support for Young Africans

Afreximbank 2027 Internship: $1,000 Stipend, Visa Support

The African Export-Import Bank (Afreximbank) has opened applications for its 2027 Internship Programme, offering young Africans a $1,000 monthly tax-free stipend, housing allowance, and visa support to gain hands-on experience in trade finance.

Lagos Deploys 1,710 Public Toilets, Urges Businesses to Open Restrooms

Lagos Deploys 1,710 Toilets to Combat Open Defecation

Lagos State has rolled out 1,710 public toilets and is urging private businesses to open their restrooms to the public as part of a comprehensive strategy to eliminate open defecation and improve sanitation across the city.

Nigeria Bans Poultry, Cement, Medicine Imports, Imposes 2% Green Tax on Vehicles

FG Bans Imports of Poultry, Cement, Medicine, Adds Green Tax

The Federal Government has implemented sweeping import bans on 17 categories of goods including poultry, cement, and medicines while introducing a 2% environmental levy on high-capacity vehicles as part of the 2026 Fiscal Policy Measures.

FG Borrows N100 Billion from Dormant Accounts and Unclaimed Dividends Amid Debt Crisis

FG Borrows N100bn from Dormant Accounts as Debt Mounts

The Nigerian government has raised N100 billion through the Unclaimed Funds Trust Fund, tapping dormant bank accounts and unclaimed dividends to finance budget deficits. This move comes as Nigeria's total public debt reaches N187 trillion, highlighting gr

Safari Park Owner Who Vowed Not to Shoot Elephants Killed by Charging Elephant

Safari Owner Killed by Elephant After Vowing Not to Shoot One

Gary Freeman, a 65-year-old safari park owner in South Africa, was fatally trampled by an elephant while leading a tour. He had previously stated he would rather be killed by an elephant than shoot one, highlighting his deep connection to the animals.

BBC Announces Largest Job Cuts in 15 Years, Up to 2,000 Positions at Risk

BBC to Cut Up to 2,000 Jobs in Major Downsizing Move

The BBC has revealed plans to eliminate up to 2,000 positions, marking its most significant workforce reduction since 2011. The cuts come amid severe financial pressures, including a £600 million cost-cutting initiative and declining license fee revenue.

Arthur Eze's Oranto Sells 75% Stake in Sao Tome Oil Block to Brazil's Petrobras

Oranto Sells 75% Sao Tome Oil Stake to Brazil's Petrobras

Nigerian billionaire Arthur Eze's Oranto Petroleum has sold a 75% stake in Sao Tome's Block 3 to Brazil's state-owned Petrobras, marking a significant shift in West African oil exploration. The deal aligns with Petrobras' $1.3 billion international strate

House Committee Praises Dangote Refinery as Nigeria Achieves Net Petrol Exporter Status

Nigeria Becomes Net Petrol Exporter, Dangote Refinery Hailed

The House of Representatives Committee on Petroleum Resources (Downstream) hails Dangote Refinery's milestone, as Nigeria becomes a net exporter of refined petrol for the first time in March 2026, marking a major boost to the energy sector.

PM Carney: Canada's US Economic Ties Now a Weakness Amid Trade War

Carney: Canada's US Ties a Weakness in Trade War

Canadian Prime Minister Mark Carney warns that close economic ties with the US have become a vulnerability due to trade disruptions and tariffs, urging diversification for national sovereignty.

FG Denies Revenue Mismanagement, Directs Regional Commissions on Economic Diversification

FG Denies Revenue Mismanagement, Tasks Regional Commissions

The Federal Government has refuted claims of revenue diversion while charging regional development commissions with economic diversification. Meanwhile, former VP Atiku Abubakar criticizes economic policies following IMF growth forecast downgrade.

Minister Urges Flour Mills to Achieve 300,000MT Sugar Production Target by 2030

Minister Tasks Flour Mills on 300,000MT Sugar Production Goal

Minister of State for Industry, John Owan Enoh, has directed Flour Mills of Nigeria PLC to expand its Golden Sugar Company's annual output to 300,000 metric tonnes by 2030, as part of Nigeria's push for self-sufficiency in sugar production.

CITN Reports Lower Tax Deductions for Workers Under New Tax Reforms

Workers See Lower Tax Deductions, Says CITN President

The Chartered Institute of Taxation of Nigeria (CITN) states that workers are reporting reduced monthly tax deductions since the new tax laws took effect in January. President Innocent Ohagwa highlights harmonization of state taxes and elimination of nuis

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