Industry

Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap (TRS) could create significant risks for the country’s debt management, liquidity position and potential future debt restructuring. The warning was…
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President Bola Tinubu has graciously approved the Economic Free Trade Zone in Anambra State to drive the economy as announced by the state government. This was disclosed yesterday at the Hollywood event center in Awka, Anambra…
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The National Union of Edible Oil Tanker Drivers of Nigeria (NUEOTDN) has threatened to embark on strike over the growing use of petroleum tankers to transport edible oil. It warned that residue from such tankers exposes consumers to…
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Global oil demand growth through 2050 is expected to be driven largely by light and middle distillates, with jet fuel, LPG, diesel and other products account­ing for the bulk of the projected increase, the Organisation of the Petroleum…
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Surging fuel prices helped drive UK inflation higher again last month, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation increased to 3.1% in August, compared with…
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Fitch Ratings has raised concerns over Nigeria’s use of Total Return Swaps (TRS) and repo transactions as alternative financing tools, warning that the structures could create transparency, liquidity, and creditor-recovery risks…
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Experts forecast inflation will rise as the UK continues to be hit by the economic consequences of the Iran war. The consumer prices index (CPI) rose by 2.9% in the 12 months to July 2026, the latest month for which there is data. …
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Headline inflation rate moderated marginally to 15.39 per cent year-on-year in August 2026, down from 15.43 per cent recorded in July, improving the case for the Central Bank of Nigeria (CBN) to resume easing of interest rates. The…
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Nigeria’s headline inflation rate declined marginally to 15.39 per cent in August 2026, with a sharp slowdown in food price increases helping to ease overall inflationary pressure during the month. The latest figure was contained in…
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The Chairman of Dangote Group, Aliko Dangote, says having a male heir to inherit his business empire is not a priority. Dangote, who spoke in an interview with ARISE News on Tuesday, said any of his three daughters could eventually…
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