Economy Archives - Page 6 of 14 - Independent Digital News Network

Tinubu Cancels G20 Trip, Confirms Rescue of 38 Kwara Worshippers Amid Nationwide Security Surge

President Bola Tinubu on Sunday confirmed the rescue of 38 worshippers abducted in Eruku, Kwara State, cancelling his trip to the G20 Summit to coordinate intensified national security operations. The President said he has been receiving continuous briefings on rescue missions across troubled regions, pledging that Nigerians “will be protected—without compromise.”

Tinubu Economy Reboot: FG Targets 500 CNG Stations as Manufacturers Flee Bank Loans

IDNN9 months ago9 months ago0

Nigeria’s economic landscape is shifting as the federal government launches a plan for 500 CNG stations in three years while manufacturers abandon expensive bank loans for bonds and retained earnings. The dual transition—energy reform and corporate financing realignment—signals a new phase in the Tinubu administration’s push to stabilise fuel costs, reduce inflation and cut industrial debt risks.

💼 SANWO-OLU: “NO GOVERNOR CAN COMPLAIN OF LACK OF FUNDS UNDER TINUBU”

IDNN9 months ago9 months ago0

Lagos Governor Babajide Sanwo-Olu says Nigeria’s states have “no excuse” for poor performance under President Tinubu’s fiscal reforms, noting that federal allocations have risen sharply due to improved VAT distribution and oil receipts. Data from the FAAC Secretariat show state revenues jumped over 62 percent in 2025 compared to last year’s figures.

NIGERIAN STOCKS SUFFER BIGGEST ONE-DAY CRASH IN 15 YEARS ON TAX SHOCK

IDNN9 months ago9 months ago0

💣 The Day the Tickers Turned Red At 9:30 a.m., the Nigerian Exchange (NGX) opened with cautious optimism. By noon, the screen had turned blood...

HOUSE OF REPS WARNS EFCC: STOP PROFILING CRYPTO TRADERS AS FRAUDSTERS

IDNN9 months ago9 months ago0

The Nigerian House of Representatives has issued a direct warning to law enforcement agencies, telling them to stop profiling cryptocurrency traders as fraudsters. Lawmakers at Monday’s crypto regulation hearing said the era of “innovation by suspicion” must end — urging the EFCC and NFIU to evolve from intimidation to intelligent oversight.

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

IDNN9 months ago9 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

IDNN9 months ago9 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

IDNN9 months ago9 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

IDNN9 months ago9 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.

Dangote Assures Stable Fuel Prices Despite 15% Import Tariff

IDNN9 months ago9 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.