Economy

The Conference of Registered Political Parties has threatened to sue Edo Governor Monday Okpebholo over plans to launch a state-owned airline, calling the project wasteful and misplaced.

Petrol prices rise to as high as ₦900 per litre after Dangote Refinery increased its ex-depot price from ₦699 to ₦799, affecting Lagos and Edo stations.

China posts a record $1.2 trillion trade surplus in 2025 as shifting US trade policies drive countries to strengthen economic ties with Beijing.

Chevron Nigeria confirms hydrocarbon discovery at the Awodi-07 well in the western Niger Delta under its joint venture with NNPC.

Shell says President Tinubu’s leadership has restored investor confidence, inspiring plans to invest up to $20 billion in Nigeria’s energy sector.

The Federal Government has launched a digital portal for the $25 million Cabotage Vessel Financing Fund, giving indigenous shipowners access to long-awaited funding for vessel acquisition. The initiative aims to boost local participation in shipping, create jobs, and strengthen Nigeria’s maritime industry.

The Federal Government and Edo State have advanced plans to establish an indigenous airline operating from Benin Airport following talks between Aviation Minister Festus Keyamo and Governor Monday Okpebholo. The initiative aims to boost connectivity, attract investment, create jobs, and reposition Benin City as a key aviation hub in line with President Tinubu’s Renewed Hope Agenda.

Global tech companies announce new layoffs as economic pressures force firms to cut costs and restructure operations.

Rising transport fares across Nigerian cities spark complaints from commuters struggling with increasing living costs.

Global oil prices surged amid supply fears, triggering market volatility and raising concerns over inflation and energy costs.