Category: Global Energy Crisis
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US trade war: Trump raises global tariffs despite Supreme Court verdict
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By Seun Adeuyi United States President Donald Trump has increased global tariffs on imported goods from 10 per cent to 15 per cent, a day after the US Supreme Court…
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UN chief pushes Africa to end mineral wealth exploitation
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By Deborah Musa The United Nations Secretary-General, António Guterres, has called for African countries to be the primary beneficiaries of the continent’s vast critical mineral resources, insisting that the era…
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N’Assembly okays N1.5trn Army budget amid rising insecurity
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By Dirisu Yakubu The National Assembly on Monday approved a N1.5tn budget proposal for the Nigerian Army for the 2026 fiscal year, pledging legislative support to ensure the timely release…
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Nigeria now 36th world’s most corrupt country in 2025
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Transparency International, TI, a global coalition against corruption, has again ranked Nigeria as the 36th most corrupt country in the world. The country retrogressed from 140th in 2024 to 142nd…
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ICPC detains ex-NIMASA DG Jamoh
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By Idowu Isamotu Operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have detained a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir…
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Dangote: We’re not importing finished products
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Dangote Petroleum Refinery and Petrochemicals has dismissed reports that the $20 billion plant imports finished products into the country. Speaking on Wednesday, David Bird, MD/Chief Executive Officer (CEO) of the…
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Tinubu’s reforms now global reference point -World Bank
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By Ganiyu Mubarak The World Bank has said that the reforms being carried out in Nigeria by President Bola Ahmed Tinubu has become a global reference point. A World Bank…
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Big money, small impact: Govs face fire over N9tn FAAC windfall
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By Sami Tunji, Justice Okamgba and Nathaniel Shaibu Despite receiving an estimated N9tn in Federation Account Allocation Committee inflows in 2025, state governors are facing mounting criticism from labour unions,…
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Nigeria Customs intensifies global push efforts for innovation-driven trade facilitation
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…As CGC Adeniyi, Trade Modernisation Team, engage global Customs leaders in Abu Dhabi The Nigeria Customs Service, NCS, has reaffirmed its commitment to technology-driven border management and international cooperation as…
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SERAP sues NNPC Ltd over alleged missing oil proceeds
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The Socio-Economic Rights and Accountability Project, SERAP, has dragged the Nigerian National Petroleum Company, NNPC, Limited before the Federal High Court in Abuja, over alleged missing or diversion of N22.3…
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MONIEPOINT MFB drags Alerzo Company, MD, to court over N4.3bn debt
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In a bid to recover a debt of N4,381,662,054.47, MONIEPOINT MICROFINANCE BANK LIMITED, has dragged a limited liability company, ALERZO LIMITED, before a Federal High Court, Ikoyi, Lagos. Joined as…
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Boardroom Titan, Otunba Adekunle Ojora, Dies At 93
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Nigeria’s boardroom guru, corporate titan, industrialist and the grand Patriarch of country’s Social Establishment, Otunba Adekunle Ojora OFR, CON, JP, the Otunba of Lagos and the Lisa of Ile-Ife, is…
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Customer sues KUDA Microfinance Bank over alleged unlawful freezing of accounts
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A client of Kuda Microfinance Bank, Abdulrahman Ekundayo Multibusiness Global Enterprise, has dragged the bank before a Federal High Court Lagos, over alleged unlawful freezing of his account. The client…
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Dangote increases price of petrol, reaffirms market stability
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Dangote Petroleum Refinery and Petrochemicals FZE has announced an increase in the price of petrol but also reaffirmed its commitment to market stability and uninterrupted nationwide supply of Premium Motor…
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Customs surpasses 2025 revenue target of N6.584trn, rakes in N7.2trn
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The Nigeria Customs Service, NCS, has recorded N7.2trillion in 2025, thus exceeding the N6.584 trillion target for the financial year. The outstanding revenue windfall has earned it praises of the…
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NGX lists 3.156bn UBA shares
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The Nigerian Exchange Limited (NGX) has announced that an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) PLC to its Daily Official List. The NGX announced this…
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Three versions of Nigeria Tax Administration Act, 2025 in circulation -Reps Committee
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…Calls for deeper investigation to ensure accountability for the affront against the legislature The House of Representatives Minority Caucus Ad-hoc Committee on Tax Laws on the Allegations of Illegal Alterations…
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Why is mining a curse in Nigeria?
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By Taiwo Adisa In December 2025, Northern governors and traditional rulers met in Kaduna to dissect the unbearable state of insecurity in the region. After a long deliberation at the…
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FG denies NEF claim on Lagos gold refinery
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The Federal Ministry of Solid Minerals Development has denied claims by the Northern Elders Forum that the Federal Government violated the federal character principle by siting a gold refinery in…
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$4.5bn Fraud Allegation: Witness Tells Court How EFCC Attempted to Force Him to Implicate Emefiele
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Justice Rahman Oshodi of the Special Offences Court, Ikeja, today heard how officials of the Economic and Financial Crimes Commission, EFCC attempted to force a Witness, Henry Omolie, to implicate…