Bank of England Set to Pause Rates Bank of England is expected to keep interest rates unchanged. Policymakers continue to assess the economic impact of the Iran war. The bank’s main rate will likely remain at 3.75%. Some members may still support a small rate increase to curb inflation. War Disrupts Global Energy Flows The…
Market Swings Raise Fresh Concerns After a year of sharp swings and quick rebounds, many investors are reviewing their portfolios. Confidence in long-term U.S. market dominance is now being questioned. Major indexes like the S&P 500 and Nasdaq recorded several sudden drops in 2025. Despite the declines, both markets recovered quickly and often reached new…
Ibukun Awosika, former chairperson of First Bank, says Nigeria’s progress depends largely on the choices of its citizens, particularly through voting and economic participation. Awosika spoke on Wednesday at the Jerry Eze Business Grant award ceremony, where she urged Nigerians to take responsibility for building the country. “This nation, for all its problems, its solution…
Think Tank Links Reforms to Improved Business Results The Independent Media and Policy Initiative says recent economic reforms in Nigeria have improved revenue performance in the real sector. Chairman Omoniyi Akinsiju signed the policy brief. The group says companies in productive sectors have adjusted to new economic policies and now record stronger annual returns. IMPI…
Nigeria’s aviation industry is facing fresh turbulence as the soaring cost of JetA1 fuel pushes domestic airlines to the brink of operational collapse. Airline operators have warned that flights across the country could be suspended from Thursday, 30 April, if urgent intervention fails to address the worsening crisis. The industry’s growing concerns follow unsuccessful negotiations…
Government Introduces Emergency Aviation Measures Nigeria’s government has introduced emergency measures to stabilise the aviation sector. The policy caps jet fuel prices and allows airlines to buy fuel on credit. The move responds to rising costs that now threaten flight operations across the country. NMDPRA Sets Price Range for Jet Fuel The Nigerian Midstream and…
Government Steps In to Address Fuel Crisis The Federal Government of Nigeria has moved to stabilise jet fuel prices. It aims to ease pressure on airlines operating across the aviation sector. Festus Keyamo leads the intervention alongside the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The government says the move will address ongoing challenges in…
Refinery Faces Pressure Amid Rising Crude Costs A senior official of Dangote Petroleum Refinery says the company subsidises petrol and diesel supplied to Nigeria. He explained that the refinery sells petrol at about ₦1,200 per litre. He said this price sits below current market realities due to rising global crude costs. Global Oil Shock Pushes…
President Donald Trump has taken a major step in his effort to lower drug prices, signing an executive order that labels imported pharmaceutical products a threat to U.S. national security. The order introduces sweeping tariffs on drug companies that refuse to participate in his “most-favored-nation” (MFN) pricing plan. Tariffs as Enforcement Tool The tariffs are…
The Nigerian Communications Commission (NCC) has announced plans to make more affordable smartphones available in Nigeria, as device prices continue to surge due to inflation and currency depreciation. NCC Moves to Address Rising Smartphone Costs Speaking during a media briefing in Abuja, the Executive Vice Chairman of the NCC, Aminu Maida, acknowledged the growing burden…
