Nigeria is moving to shield motorists from another petrol price shock, proposing a temporary cap of about ₦1,350 per litre as global oil prices surge amid escalating Middle East tensions. Finance Minister Taiwo Oyedele said the government wants refiners and fuel importers to absorb temporary increases in their costs, allowing them to recover losses when…
ANNIE ALLEN (UK Bureau Chief) Oil prices surged more than 5% on Thursday as fears over a widening Iran conflict and mounting disruptions to global supplies sent shockwaves through the energy market. Brent crude climbed as high as $5 a barrel before paring gains after US President Donald Trump said Washington would not launch an…
ROTIMI ASHER Nigeria’s economy is showing signs of gathering momentum, with the World Bank projecting growth to average about 4.4% annually through 2028 if reforms are sustained and economic gains translate into better public services. The outlook comes after Nigeria recorded 4.2% growth in the first half of 2026, up from 3.9% in 2025, with…
MIRIAM LAWAL Jetour W Motors Nigeria has turned a customer promotion into a major celebration of ownership, excitement and community, following the conclusion of its much-anticipated #WinYourWayTo Brazil campaign and the launch of the Jetour Nigeria Club. The campaign offered customers who ordered and purchased any Jetour vehicle between August 18 and September 20, 2026,…
