Business Archives - Page 2 of 24 - Independent Digital News Network

OBA OF BENIN DRAWS LINE OVER MOWAA TUSSLE — “HISTORY WILL NOT REPEAT ITSELF”

Oba Ewuare II of Benin has vowed that “history will not repeat itself” amid fresh controversy over the Museum of West African Art (MOWAA). The monarch accused former Edo Governor Godwin Obaseki of attempting to sideline the Benin Kingdom from the custody of returned artifacts, drawing international attention to Nigeria’s heritage politics.

DANGOTE’S PETROL PRICE SLASH TRIGGERS MARKET SHOCK — IMPORTERS MAY HALT FUEL SHIPMENTS

IDNN3 months ago3 months ago0

⚙️ The Move That Tilted the Market Dangote Petroleum Refinery’s new gantry price of ₦828 per litre — down from ₦877 — has flipped Nigeria’s...

FG EXCEEDS 2025 BORROWING TARGET BY 55.6% — ECONOMISTS SOUND ALARM ON DEBT SPIRAL

IDNN3 months ago3 months ago0

🧮 The Math Behind the Mayhem Fresh figures from the Debt Management Office show ₦15.8 trillion raised from domestic investors and ₦1.56 trillion from foreign...

Senate Uncovers $303bn Crude Oil Diversion Under NNPC’s Defunct DSDP Scheme

IDNN3 months ago3 months ago0

A Forensic Shockwave in Nigeria’s Oil Heartland Nigeria’s Senate Ad-hoc Committee on Oil Theft has revealed staggering losses from crude oil diversions worth more than...

15% Fuel Import Duty Sparks Economic Shockwave — Marketers Warn of Price Surge, Otedola Backs Tinubu Policy

IDNN3 months ago3 months ago0

Nigeria’s 15% import duty on petrol and diesel has ignited fierce debate across the energy sector. While billionaire investor Femi Otedola applauds the move as a shield for local refiners, independent marketers warn it could send pump prices above ₦1,000 per litre. The presidency insists the measure will stabilise the market and boost energy security.

🎭 Afrobeats Meets Hollywood — Nigerian Sounds Now Fuel Global Film Scores

IDNN3 months ago3 months ago0

From Black Panther to Bad Boys 4, Nigerian Afrobeats rhythms are now driving global movie scores, signaling a cultural takeover powered by Lagos producers and diaspora collaborations

The Tariff Gamble — Inside Tinubu’s 15% Fuel Import Duty and the War for Nigeria’s Refining Future

IDNN3 months ago3 months ago0

The Federal Government’s approval of a 15% import tariff on petrol and diesel is reshaping Nigeria’s oil market. Beyond the headlines lies a calculated economic gamble to fortify local refining, restore forex stability, and tilt power away from foreign traders

Dangote Assures Stable Fuel Prices Despite 15% Import Tariff

IDNN3 months ago3 months ago0

The Dangote Group has moved to calm public concern, assuring that fuel prices will remain stable despite the Federal Government’s approval of a 15% import tariff on petrol and diesel.

⚕️ Health Experts Warn: Nigeria’s Medical System Near Collapse as ‘Japa’ Exodus Deepens

IDNN3 months ago3 months ago0

Health experts have warned that Nigeria’s medical system faces near collapse as thousands of doctors and nurses continue to emigrate abroad. Speaking at the Olikoye Ransome-Kuti Memorial Lecture, speakers blamed chronic underfunding, poor pay, and corruption, as resident doctors threaten a nationwide indefinite strike beginning November 1, citing ₦38 billion in unpaid allowances.

⛽ Fuel Prices Set to Break ₦1,000 Mark as Tinubu Approves 15 % Import Tariff

IDNN3 months ago3 months ago0

Petrol could sell above ₦1,000 per litre after President Tinubu approved a 15 percent ad valorem tariff on fuel imports to protect local refiners. While government insists the duty will stabilise supply and boost revenue, marketers warn it could ignite another price surge and deepen hardship for millions already struggling with record inflation.