Aliko Dangote retires as Chairman of Dangote Sugar Refinery

…Banking expert Arnold Ekpe takes over leadership Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, ending a 20-year tenure that shaped the company’s growth and market leadership. The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, … [Read more…]

Vatican Handshake: Can Tinubu Navigate Nigeria Among Trump’s Tariffs, Chinese Dumping and the American Pope?

Ikenna Igwe

By Ikenna Promise Igwe As President Bola Tinubu joined world leaders in Vatican City on Sunday, May 18, 2025, to witness the historic inauguration of Pope Leo XIV—the first American pontiff—Nigeria found itself at the convergence of three powerful global forces that will shape its economic destiny. The presidential handshake with the new Pope symbolizes … [Read more…]

JUST-IN: CBN retains interest rate at 27.5%, keeps CRR at 50%, liquidity ratio at 30%

The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its 300th Monetary Policy Committee (MPC) meeting held in Abuja. This was disclosed by the apex bank’s Governor Olayemi Cardoso during the post-MPC press briefing on Tuesday. Key Monetary Policy Decisions:  Monetary Policy Rate (MPR): Retained at … [Read more…]

36th Enugu Int’l Trade Fair: Mbah Prioritises Busines-Friendly Environment, SMEs

Barr. Ifeanyi Ossai

Governor of Enugu State, Dr. Peter Mbah, has pledged continuous improvement of Ease of Doing Business in the state. Mbah also pledged continuous support to Small and Medium Scale Enterprises, SMEs, which he described as the lifeblood of any economy. The governor gave the assurances at the weekend while declaring open the 36th edition of … [Read more…]

Trump slams 14% tariff on Nigeria export to US, other countries affected

In a sweeping move that could redefine global commerce, U.S. President Donald Trump has announced a baseline 10% tariff on all U.S. imports, alongside sharper, country-specific reciprocal tariffs aimed at nations that impose steeper duties on American goods. Exports from Nigeria to the US will attract a 14% tariff compared to the 27% that the US government … [Read more…]