NEWS

  • Rewane Warns Oil Price Surge Could Push Daily Oil Theft Earnings to $16m

    Rewane Warns Oil Price Surge Could Push Daily Oil Theft Earnings to $16m0

    Economist Bismarck Rewane has raised concerns that rising global crude oil prices could significantly boost illegal earnings from oil theft in Nigeria, potentially reaching $16 million per day. Speaking at the Lagos Business School Breakfast Session, Rewane projected that an increase in crude prices from $64 to $110 per barrel could drive a 136% surge

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  • Nigeria’s Tax Revenue Overtakes Oil, Rakes in N161tn Over 15 Years

    Nigeria’s Tax Revenue Overtakes Oil, Rakes in N161tn Over 15 Years0

    Nigeria has recorded a major fiscal shift as tax and non-oil revenue streams now surpass oil in driving government income. From 2010 to 2024, the country earned an estimated N161.1 trillion, almost evenly split between oil-related earnings (N80.6 trillion) and non-oil sources (N80.57 trillion), according to a report by Quartus Economics. The report, titled “Nigeria

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  • Ondo Governor Aiyedatiwa Seeks Investors for Araromi Beach Resort

    Ondo Governor Aiyedatiwa Seeks Investors for Araromi Beach Resort0

    Ondo State Governor Lucky Aiyedatiwa has unveiled plans to transform the Araromi coastline into a major tourism hub, aiming to attract 5–10 private investors for the project. Speaking at the Araromi seaside carnival in Ilaje Local Government Area, he highlighted the economic potential of the 72-kilometre coastline, one of Africa’s longest, and stressed the importance

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