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Financial repression hits decades-high levels globally, IMF warns

Economy

EU to hold emergency border talks as 50,000 migrants

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US probes 60 countries over forced labour, unfair trade practices

The United States Trade Representative’s office announced Thursday that it has launched Section 301 investigations into unfair trade practices by 60 countries, including India, citing their alleged failure to prevent forced labor in imported goods. The move follows U.S. President Donald Trump’s administration’s efforts to reinstate global tariff pressure after the U.S. Supreme Court’s February […]

Finance

State govts demand forensic audit of FG’s crude-for-loan deals

State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, warning that opaque crude-for-loan and swap deals may be undermining inflows into the Federation Account. The PUNCH earlier reported that the Nigerian National Petroleum Company Limited pledged 272,500 barrels per day of crude oil through a series of crude-for-loan deals totalling […]

34.3% of employed Nigerians trapped in poverty - Report
Economy

Subsidy removal pushes Nigeria’s poverty rate to 63% — Report

About 63 per cent of Nigerians fell below the poverty line after the removal of petrol subsidy, according to a new study that examined the welfare impact of the country’s recent economic reforms. The PUNCH reported that the research, presented at a stakeholders’ dialogue organised by Agora Policy in Abuja on Thursday, showed that the […]

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Professionals dismiss ₦210tn missing funds claim in NNPCL accounts

A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts of the Nigerian National Petroleum Company Limited. Addressing journalists on Thursday, The PUNCH reported that ASF National Coordinator Usman Hamza described the claim as “mathematically impossible” and politically motivated. The group’s position responds to a […]

Business

Energy, fintech, telecom firms top consumer complaints – FCCPC

Energy, fintech, and telecommunications companies account for the highest number of consumer complaints in Nigeria, according to the Federal Competition and Consumer Protection Commission. The commission’s Executive Vice Chairman, Tunji Bello, disclosed this on Thursday while briefing State House correspondents at the Aso Rock Presidential Villa. Bello said the commission has received thousands of complaints […]

Economy featured

Nigeria’s economy strong against Middle Eastern tensions — Cardoso

Central Bank Governor Olayemi Cardoso has assured that Nigeria’s ongoing macroeconomic reforms have fortified the economy against potential shocks from escalating Middle East tensions. He made this declaration while delivering the Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College in Lagos on Thursday. Cardoso highlighted that the global economy is grappling […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
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OPEC quota missed again as Nigeria’s February oil production falls

Nigeria’s crude oil output fell to 1.31 million barrels per day in February, as local refineries continued to struggle with insufficient domestic crude supplies to sustain operations. The decline underscores Nigeria’s inability to meet its OPEC-approved production quota of 1.5 million barrels per day, with output dropping sharply in February 2026. According to the latest […]

Business

OPay denies office sealing by NRS over tax claims

OPay Digital Services Limited has dismissed reports claiming that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged non-compliance with tax obligations. The company described the claims as false and misleading. Reports circulated on social media and online platforms alleged that the Nigeria Revenue Service sealed OPay’s Lagos and […]

Business

Indorama, Nigerian Breweries, Genesis Energy to build Africa’s largest rPET plant

Indorama Ventures Public Company Limited, a global leader in sustainable chemicals, has partnered with Nigerian Breweries Plc, Nigeria’s top brewer, and Genesis Power & Energy Solutions Ltd, a leading African clean energy infrastructure and asset management firm, to develop one of Africa’s largest state-of-the-art recycled PET production facilities in Nigeria, based on planned production capacity. […]

News

Gov Mbah rejects high tax claims in Enugu

Governor of Enugu State, Dr. Peter Mbah, has rejected claims of high taxation in the state, describing them as a pathetic misconception promoted by the opposition and beneficiaries of the old order who manipulated revenue collection to fatten their private pockets. Mbah insisted that his administration had grown the state’s Internally Generated Revenue by widening […]

Loan apps: FCCPC to address rising debt with new policy
Aviation

FCCPC probes six airlines over Christmas airfare hikes

The Federal Competition and Consumer Protection Commission has revealed that six domestic airlines could face sanctions for alleged arbitrary increases in airfares during the Christmas travel period. Executive Vice Chairman of the commission, Tunji Bello, disclosed this during the “Meet the Press” briefing organised by the Presidential Communications Team at the State House in Abuja. […]

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