Emerging signals from the evolving opposition coalition—championed by former Vice President Atiku Abubakar and Labour Party’s 2023 presidential candidate, Mr. Peter Obi—suggest that former Minister of Transportation, Rotimi Chibuike Amaechi, may be considered as a potential consensus presidential flagbearer. This consideration reportedly follows growing concerns over Obi’s insistence on contesting again with […]

The Energy Information Administration (IEA) has reported that US crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years. Crude imports from Nigeria rose by 358,000 bpd to 364,000 bpd, marking the highest import figure from the African nation since […]

No fewer than 40 oil licences will expire in June 2025, and the companies holding these assets may lose them unless the Minister of Petroleum renews their licences in accordance with the Petroleum Industry Act. According to the Nigerian Upstream Petroleum Regulatory Commission’s Upstream Concession Situation Report in May, the […]

The Nigerian Ports Authority (NPA), once Africa’s leading maritime hub, is now in freefall under Dr. Abubakar Dantsoho’s leadership. What began as bureaucratic decay has rapidly devolved into systemic collapse, with insiders alleging the agency is now being run to bleed Nigeria’s economy dry. Sources who spoke to Leaders.ng under […]

President and CEO of Dangote Group, Aliko Dangote, has expressed gratitude following his appointment to the World Bank’s Private Sector Investment Lab, a global initiative aimed at accelerating private investment and job creation in emerging economies. In a statement confirming the development, Dangote described the appointment as both an honour […]

https://www.youtube.com/watch?v=ztr41Z9dyXw The Nigerian Bar Association (NBA) has reiterated its position that the removal of the Rivers State governor, Siminalayi Fubara, by President Bola Tinubu is unconstitutional and has called on the President to reverse that decision. On Tuesday, the President declared a state of emergency in Rivers State, suspending the […]

Nigeria’s largest oil pipeline, the Trans-Niger Pipeline, has resumed operations after a temporary shutdown caused by a recent explosion and fire. The restart comes amid escalating tensions and a deepening crisis in Rivers State, where the pipeline is located, raising concerns about the stability of the country’s oil production and […]

The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills being debated at the National Assembly. The House also rejected the proposed reintroduction of inheritance tax under the […]

The Naira yesterday depreciated to N1,585 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira depreciated to N1,546 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose […]

As economic hardship bites harder, importation of used vehicles has recorded a significant decline with diesel or semi-diesel engine, of cylinder capacity 2500cc dropping by 65.8 percent year-on-year (YoY) to N354.8 billion in 2024 from N1.04 trillion in 2023. However, the decline also reflects the effect of continuous increase in […]