Economy - DTOWNCRIER

Dangote Petroleum Refinery Raises Petrol Ex-Depot Price to N874 Per Litre

March 3, 2026March 3, 2026Obianuju Nicole0

Nigeria’s Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry price by N100, pushing the ex-depot rate from N774 to N874 per litre — a development that may trigger fresh fuel price adjustments nationwide. A senior official at the refinery confirmed the review, attributing the hike to rising global crude oil prices and increasing replacement […]

TikTok Seals $14bn Deal to Create US Subsidiary, Averting Nationwide Ban

January 23, 2026January 23, 2026Obianuju Nicole0

TikTok has finalised a $14 billion deal to establish a US-based subsidiary, effectively averting a nationwide ban on the popular video-sharing platform. Under the new ownership structure, US private equity firm Silver Lake, Abu Dhabi-based artificial intelligence company MGX, and technology giant Oracle will each hold a 15 per cent stake in the US joint […]

Nigeria Secures Over $20 Billion in Investment Commitments from China — NCSP DG Tegbe

July 19, 2025July 19, 2025Obianuju Nicole0

The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Olasunkanmi Tegbe, has announced that recent bilateral engagements between Nigeria and China have resulted in over $20 billion in investment commitments across critical sectors of the Nigerian economy. Tegbe made the disclosure in a statement released by the NCSP on Friday, following a media interactive […]

10 African Central Banks exploring digital currencies in 2025

July 3, 2025July 5, 2025Obianuju Nicole0

As digital finance sweeps across the globe, Africa is not being left behind. Currently, African countries are actively researching, piloting, or rolling out Central Bank Digital Currencies (CBDCs), a testament to the continent’s growing commitment to fintech innovation and financial inclusion. CBDCs are government-issued digital versions of national currencies, secured, traceable, and issued directly by […]