Olalekan Adigun, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Wed, 09 Jul 2025 15:56:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Olalekan Adigun, Author at Nairametrics 32 32 201037849 Trump courts African mineral-rich nations, snubs Nigeria and South Africa in strategic White House summit  https://nairametrics.com/2025/07/09/trump-courts-african-mineral-rich-nations-snubs-nigeria-and-south-africa-in-strategic-white-house-summit/ https://nairametrics.com/2025/07/09/trump-courts-african-mineral-rich-nations-snubs-nigeria-and-south-africa-in-strategic-white-house-summit/#respond Wed, 09 Jul 2025 15:56:34 +0000 https://nairametrics.com/?p=518800 U.S. President Donald Trump is set to host a select group of African leaders this week at the White House, focusing on expanding American access to critical minerals and natural resources.  

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]]> https://nairametrics.com/2025/07/09/trump-courts-african-mineral-rich-nations-snubs-nigeria-and-south-africa-in-strategic-white-house-summit/feed/ 0 518800 Senate passes 2025 Electricity Act Amendment Bill for second reading to address sector collapse  https://nairametrics.com/2025/07/09/senate-passes-2025-electricity-act-amendment-bill-for-second-reading-to-address-sector-collapse/ https://nairametrics.com/2025/07/09/senate-passes-2025-electricity-act-amendment-bill-for-second-reading-to-address-sector-collapse/#respond Wed, 09 Jul 2025 15:39:18 +0000 https://nairametrics.com/?p=518799 The Senate has passed the Electricity Act (Amendment) Bill, 2025 through second reading, as part of efforts to rescue Nigeria’s struggling power sector from imminent collapse. 

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]]> https://nairametrics.com/2025/07/09/senate-passes-2025-electricity-act-amendment-bill-for-second-reading-to-address-sector-collapse/feed/ 0 518799 UNCTAD: Nigeria, developing countries lag in Q1 2025 global trade growth  https://nairametrics.com/2025/07/09/unctad-nigeria-developing-countries-lag-in-q1-2025-global-trade-growth/ https://nairametrics.com/2025/07/09/unctad-nigeria-developing-countries-lag-in-q1-2025-global-trade-growth/#respond Wed, 09 Jul 2025 10:48:31 +0000 https://nairametrics.com/?p=518779 Nigeria and other developing economies lagged behind in global trade growth and digital market participation during the first quarter of 2025. 

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]]> https://nairametrics.com/2025/07/09/unctad-nigeria-developing-countries-lag-in-q1-2025-global-trade-growth/feed/ 0 518779 Dangote Refinery set to process 100% local crude by end of 2025 – Report   https://nairametrics.com/2025/07/08/dangote-refinery-set-to-process-100-local-crude-by-end-of-2025-report/ https://nairametrics.com/2025/07/08/dangote-refinery-set-to-process-100-local-crude-by-end-of-2025-report/#respond Tue, 08 Jul 2025 14:28:28 +0000 https://nairametrics.com/?p=518719 Dangote Industries Ltd. expects its 650,000-barrel-per-day refinery—the largest in Africa—to rely entirely on Nigerian crude oil by the end of 2025, potentially displacing hundreds of thousands of barrels of imported crude daily. 

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]]> https://nairametrics.com/2025/07/08/dangote-refinery-set-to-process-100-local-crude-by-end-of-2025-report/feed/ 0 518719 Nigeria to IMF: Stop the overreaction – Tinubu’s adviser defends economic policies   https://nairametrics.com/2025/07/08/nigeria-to-imf-stop-the-overreaction-tinubus-adviser-defends-economic-policies/ https://nairametrics.com/2025/07/08/nigeria-to-imf-stop-the-overreaction-tinubus-adviser-defends-economic-policies/#respond Tue, 08 Jul 2025 12:25:56 +0000 https://nairametrics.com/?p=518707 The Presidency has cautioned the International Monetary Fund (IMF) against what it described as excessive and often exaggerated assessments of the country's economic reforms, inflation, and poverty levels. 

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]]> https://nairametrics.com/2025/07/08/nigeria-to-imf-stop-the-overreaction-tinubus-adviser-defends-economic-policies/feed/ 0 518707 House of Reps approves N774.77 billion NIMASA budget proposal  https://nairametrics.com/2025/07/08/house-of-reps-approves-n774-77-billion-nimasa-budget-proposal/ https://nairametrics.com/2025/07/08/house-of-reps-approves-n774-77-billion-nimasa-budget-proposal/#respond Tue, 08 Jul 2025 11:08:49 +0000 https://nairametrics.com/?p=518703 The House of Representatives Committee on Maritime Safety, Education, and Administration has approved the 2025 budget proposal of N774.77 billion for the Nigerian Maritime Administration and Safety Agency (NIMASA). 

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]]> https://nairametrics.com/2025/07/08/house-of-reps-approves-n774-77-billion-nimasa-budget-proposal/feed/ 0 518703 Nigeria to face additional 10% tariff for aligning with BRICS – Trump https://nairametrics.com/2025/07/07/nigeria-to-face-additional-10-tariff-for-aligning-with-brics-trump/ https://nairametrics.com/2025/07/07/nigeria-to-face-additional-10-tariff-for-aligning-with-brics-trump/#respond Mon, 07 Jul 2025 07:34:13 +0000 https://nairametrics.com/?p=518608 President Donald Trump has announced that Nigeria will be among countries facing an additional 10% tariff for aligning with what he described as the “anti-American policies of BRICS.”

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]]> https://nairametrics.com/2025/07/07/nigeria-to-face-additional-10-tariff-for-aligning-with-brics-trump/feed/ 0 518608 DMO opens subscription for July 2025 FGN savings bonds with interest rates up to 16.762%  https://nairametrics.com/2025/07/07/dmo-opens-subscription-for-july-2025-fgn-savings-bonds-with-interest-rates-up-to-16-762/ https://nairametrics.com/2025/07/07/dmo-opens-subscription-for-july-2025-fgn-savings-bonds-with-interest-rates-up-to-16-762/#respond Mon, 07 Jul 2025 07:29:48 +0000 https://nairametrics.com/?p=518607 The Debt Management Office (DMO) has launched the July 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 16.762% per annum. 

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]]> https://nairametrics.com/2025/07/07/dmo-opens-subscription-for-july-2025-fgn-savings-bonds-with-interest-rates-up-to-16-762/feed/ 0 518607 Nigeria Customs warns public against fake July CBT recruitment shortlist, vows actions against fraudsters  https://nairametrics.com/2025/07/06/nigeria-customs-warns-public-against-fake-july-cbt-recruitment-shortlist-vows-actions-against-fraudsters/ https://nairametrics.com/2025/07/06/nigeria-customs-warns-public-against-fake-july-cbt-recruitment-shortlist-vows-actions-against-fraudsters/#respond Sun, 06 Jul 2025 18:14:20 +0000 https://nairametrics.com/?p=518598 The Nigeria Customs Service (NCS) has debunked a fraudulent press release circulating across social media and messaging platforms, which falsely claims that a Computer-Based Test (CBT) shortlist for its recruitment exercise has been published and scheduled for July 2025.  

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]]> https://nairametrics.com/2025/07/06/nigeria-customs-warns-public-against-fake-july-cbt-recruitment-shortlist-vows-actions-against-fraudsters/feed/ 0 518598 NDLEA intercepts $17.7 million in counterfeit travelers’ cheques, arrests suspects  https://nairametrics.com/2025/07/06/ndlea-intercepts-17-7-million-in-counterfeit-travelers-cheques-arrests-suspects/ https://nairametrics.com/2025/07/06/ndlea-intercepts-17-7-million-in-counterfeit-travelers-cheques-arrests-suspects/#respond Sun, 06 Jul 2025 15:27:38 +0000 https://nairametrics.com/?p=518591 The National Drug Law Enforcement Agency (NDLEA) said on Sunday that it has intercepted a total of 52 travelers’ cheques concealed in children’s books worth $17.7 million. 

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]]> https://nairametrics.com/2025/07/06/ndlea-intercepts-17-7-million-in-counterfeit-travelers-cheques-arrests-suspects/feed/ 0 518591 DisCos overall billing efficiency falls to 81% in Q1 2025 – NERC  https://nairametrics.com/2025/07/04/discos-overall-billing-efficiency-falls-to-81-in-q1-2025-nerc/ https://nairametrics.com/2025/07/04/discos-overall-billing-efficiency-falls-to-81-in-q1-2025-nerc/#respond Fri, 04 Jul 2025 09:38:17 +0000 https://nairametrics.com/?p=518450 The billing efficiency of electricity distribution companies (DisCos) dropped to 81.18% in the first quarter of 2025. This is a decline from the 83.53% recorded in the previous quarter. This is according to the latest report from the Nigerian Electricity Regulatory Commission (NERC) for Q1 2025. According to the NERC, “Although the total energy received […]

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]]> https://nairametrics.com/2025/07/04/discos-overall-billing-efficiency-falls-to-81-in-q1-2025-nerc/feed/ 0 518450 Edo IGR hits N52.6 billion in first half of 2025 – says EIRS boss  https://nairametrics.com/2025/07/03/edo-igr-hits-n52-6-billion-in-first-half-of-2025-says-eirs-boss/ https://nairametrics.com/2025/07/03/edo-igr-hits-n52-6-billion-in-first-half-of-2025-says-eirs-boss/#respond Thu, 03 Jul 2025 14:12:45 +0000 https://nairametrics.com/?p=518413 The Edo State Internal Revenue Service (EIRS) on Thursday announced that the state’s Internally Generated Revenue (IGR) increased from N36.1 billion in the first half of 2024 to N52.6 billion in the same period of 2025. 

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]]> https://nairametrics.com/2025/07/03/edo-igr-hits-n52-6-billion-in-first-half-of-2025-says-eirs-boss/feed/ 0 518413 IMF commendation sparks strong gains for Naira across parallel, official markets  https://nairametrics.com/2025/07/03/imf-commendation-sparks-strong-gains-for-naira-across-parallel-official-markets/ https://nairametrics.com/2025/07/03/imf-commendation-sparks-strong-gains-for-naira-across-parallel-official-markets/#respond Thu, 03 Jul 2025 12:02:04 +0000 https://nairametrics.com/?p=518406 The naira appreciated to N1,565 per dollar on Thursday at the parallel market, up from N1,580 per dollar on Wednesday, according to a Nairametrics market survey in Lagos. 

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]]> https://nairametrics.com/2025/07/03/imf-commendation-sparks-strong-gains-for-naira-across-parallel-official-markets/feed/ 0 518406 NBS: Price of 5kg cooking gas rises by 3.57% m-o-m to N8,167 in May 2025  https://nairametrics.com/2025/07/03/nbs-price-of-5kg-cooking-gas-rises-by-3-57-m-o-m-to-n8167-in-may-2025/ https://nairametrics.com/2025/07/03/nbs-price-of-5kg-cooking-gas-rises-by-3-57-m-o-m-to-n8167-in-may-2025/#respond Thu, 03 Jul 2025 07:10:22 +0000 https://nairametrics.com/?p=518388 The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) rose by 3.57% month-on-month, from N7,885.60 in April 2025 to N8,167.43 in May 2025. 

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]]> https://nairametrics.com/2025/07/03/nbs-price-of-5kg-cooking-gas-rises-by-3-57-m-o-m-to-n8167-in-may-2025/feed/ 0 518388 IMF raises Nigeria’s 2025 GDP growth forecast to 3.4% https://nairametrics.com/2025/07/02/imf-raises-nigerias-2025-gdp-growth-forecast-to-3-4/ https://nairametrics.com/2025/07/02/imf-raises-nigerias-2025-gdp-growth-forecast-to-3-4/#respond Wed, 02 Jul 2025 14:07:02 +0000 https://nairametrics.com/?p=518349 The International Monetary Fund (IMF) has announced that its Executive Board has concluded the 2025 Article IV consultation with Nigeria, projecting a 3.4 percent expansion in the country’s real GDP for 2025. 

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]]> https://nairametrics.com/2025/07/02/imf-raises-nigerias-2025-gdp-growth-forecast-to-3-4/feed/ 0 518349 Renaissance Africa Energy unveils plans to tackle energy deficit across Africa  https://nairametrics.com/2025/07/02/renaissance-africa-energy-unveils-plans-to-tackle-energy-deficit-across-africa/ https://nairametrics.com/2025/07/02/renaissance-africa-energy-unveils-plans-to-tackle-energy-deficit-across-africa/#respond Wed, 02 Jul 2025 13:26:41 +0000 https://nairametrics.com/?p=518335 Renaissance Africa Energy Company Limited has announced bold steps to address electricity and clean energy shortages in Nigeria and across Africa. 

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]]> https://nairametrics.com/2025/07/02/renaissance-africa-energy-unveils-plans-to-tackle-energy-deficit-across-africa/feed/ 0 518335 Diesel price in Nigeria surges 25% to N1,758 in May 2025 – NBS  https://nairametrics.com/2025/07/02/diesel-price-in-nigeria-surges-25-to-n1758-in-may-2025-nbs/ https://nairametrics.com/2025/07/02/diesel-price-in-nigeria-surges-25-to-n1758-in-may-2025-nbs/#comments Wed, 02 Jul 2025 10:28:48 +0000 https://nairametrics.com/?p=518322 The average retail price of Automotive Gas Oil (diesel) paid by consumers rose by 25.24% year-on-year, climbing from N1,403.96 per litre in May 2024 to N1,758.26 per litre in May 2025. 

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]]> https://nairametrics.com/2025/07/02/diesel-price-in-nigeria-surges-25-to-n1758-in-may-2025-nbs/feed/ 1 518322 NNPC completes River Niger crossing on AKK gas pipeline   https://nairametrics.com/2025/07/01/nnpc-completes-river-niger-crossing-on-akk-gas-pipeline/ https://nairametrics.com/2025/07/01/nnpc-completes-river-niger-crossing-on-akk-gas-pipeline/#respond Tue, 01 Jul 2025 14:43:25 +0000 https://nairametrics.com/?p=518268 The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River Niger crossing on the critical Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, marking a major milestone in Nigeria’s gas infrastructure development. 

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]]> https://nairametrics.com/2025/07/01/nnpc-completes-river-niger-crossing-on-akk-gas-pipeline/feed/ 0 518268 Nigeria’s gas production drops to 7.352mmscf/d in May 2025 – NNPCL  https://nairametrics.com/2025/07/01/nigerias-gas-production-drops-to-7-352mmscf-d-in-may-2025-nnpcl/ https://nairametrics.com/2025/07/01/nigerias-gas-production-drops-to-7-352mmscf-d-in-may-2025-nnpcl/#respond Tue, 01 Jul 2025 12:12:03 +0000 https://nairametrics.com/?p=518252 The Nigerian National Petroleum Company Limited has announced that Nigeria's gas production fell to 7.352 billion standard cubic feet per day in May 2025, down from 7.354 billion mmscfd the previous month.  

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]]> https://nairametrics.com/2025/07/01/nigerias-gas-production-drops-to-7-352mmscf-d-in-may-2025-nnpcl/feed/ 0 518252 Dangote reduces ex-depot petrol price to N840 per litre  https://nairametrics.com/2025/07/01/dangote-reduces-ex-depot-petrol-price-to-n840-per-litre/ https://nairametrics.com/2025/07/01/dangote-reduces-ex-depot-petrol-price-to-n840-per-litre/#respond Tue, 01 Jul 2025 11:45:19 +0000 https://nairametrics.com/?p=518251 Dangote Petroleum Refinery has reduced the ex-depot price per litre of petrol from N880 to N840. 

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]]> https://nairametrics.com/2025/07/01/dangote-reduces-ex-depot-petrol-price-to-n840-per-litre/feed/ 0 518251