01.08.2026

Independent.Digital.News.Network

Economy

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

IDNN
0
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....

Confidence Abroad, Contraction at Home: The Split Reality of Nigeria’s 2025 Economy

IDNN
0
Nigeria is winning praise abroad but losing traction at home. From FATF reforms that restored global confidence to Dangote’s refinery expansion signaling industrial ambition, the country looks renewed on paper — yet on the ground, manufacturing is stalling, demand is collapsing, and inflation keeps biting. This is Nigeria’s new economic paradox....

Dangote Refinery Expansion to 1.4m bpd — Africa’s Richest Man Targets Global Oil Dominance

IDNN
0
Aliko Dangote has unveiled plans to double the capacity of his Lagos refinery from 650,000 to 1.4 million barrels per day, aiming to rival the world’s largest petroleum facilities. The $5 billion expansion will boost exports, stabilize local fuel supply, and reinforce Nigeria’s position as Africa’s refining hub under the Euro VI emission standard....

Nigeria Exits FATF Grey List as CBN Declares Confidence Restored in Financial System

IDNN
0
Nigeria’s removal from the Financial Action Task Force (FATF) grey list marks a major credibility win for the country’s financial system. The Central Bank says it reflects stronger anti-money laundering reforms, improved compliance, and renewed investor confidence — potentially unlocking billions in foreign capital inflows and lowering compliance risks for banks....

Tinubu’s Military Shake-Up: The Coup Rumour, the Silence, and the Strategy Behind the Storm

IDNN
0
President Bola Tinubu’s sweeping military reshuffle has triggered one of the most intense political debates in months. Beneath the surface of “routine adjustment” lies a story of regime anxiety, loyalty management, and Nigeria’s fragile balance of power — a move some see as a pre-emptive strike against whispers of a coup, others as pure governance calculus....

Dangote Refinery Deploys CNG Trucks as Petrol Prices Rise Nationwide

IDNN
0
The Dangote Petroleum Refinery has begun using compressed natural gas (CNG)-powered trucks to distribute petrol at ₦850 per litre, amid nationwide price surges. Market data show retail prices rising to ₦955 per litre in major cities, despite hopes that direct Dangote supply would stabilise costs. The move signals a deepening realignment in Nigeria’s fuel economy....

Tinubu to ECOWAS: Declare Resource Theft an International Crime

IDNN
0
President Bola Ahmed Tinubu has urged the Economic Community of West African States (ECOWAS) to designate resource theft and illegal mining as international crimes, warning that the menace fuels arms trafficking, insecurity, and economic decline across the region....

This website uses cookies to improve User experience. Accept Learn More

Our Policies