Economy
Economy Oil & Gas

TMSG hails ban on export of crude meant for local refining

By Abdulfatah Babatunde Lagos, Feb. 9, ’25 (TNZ) The Tinubu Media Support Group (TMSG) has commended the Federal Government’s decision to ban crude oil export allocated to domestic refineries. TMSG’s Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, gave the commendation in a statement emailed to TheNewsZenith on Sunday. The group expressed shock that some 500,000 […]

Read More
Economy Maritime

NPA raises tariffs by 15% after 32 years

By Our Correspondent Lagos, Feb. 8, ’25 (TNZ) The Nigeria Ports Authority (NPA) says it is reviewing its charges upward by 15 per cent, citing a need for competitiveness and infrastructural upgrades. TheNewsZenith reports that Dr Abubakar Dantsoho, the Managing Director of the NPA, announced the review during a maritime stakeholders’ meeting, on Thursday in Lagos. […]

Read More
Economy National

Declining petroleum import shows Nigeria’s new Economic Power – TDF

By Abdulfatah Babatunde Lagos, Feb. 2, ’25 (TNZ) The Democratic Front (TDF) welcomes a renewed sense of patriotism in Bloomberg’s report and analysis on the eight-year record decline in Nigeria’s petroleum products importation index. TheNewsZenith reports that the Bloomberg report attributed the imports slide to rising domestic refining of petroleum products by indigenous refineries. In […]

Read More
Economy National

Lilypond Customs processes $2.1bn exports in 2024

By Opeyemi Muhammad Ikeja, Jan. 28, ’25 (TNZ) The Nigeria Customs Service (NCS), Lilypond Export Command in Lagos, says it facilitated the export of agricultural produce and manufactured goods valued at $2.1 billion in 2024. TheNewsZdenith reports that the Command’s Area Controller, Ajibola Odusanya, announced the figure during a news conference at the command in […]

Read More
Economy

Worst days over, economy fast recovering under Tinubu – TMSG

By Abdulfatah Babatunde Lagos, Jan. 29, ’25 (TNZ) The Tinubu Media Support Group (TMSG) says the worst days are over as available economic indices indicate the economy is fast recovering under President Bola Tinubu. TheNewsZenith reports that the group made the observation in a statement jointly issued by Emeka Nwankpa and Dapo Okubanjo, Chairman and […]

Read More
Economy Security

Customs Zone “A” decorates 39 comptrollers, 67 dep.-comptrollers

By Our Correspondent Ikeja, Jan. 23, ’25 (TNZ) The Nigeria Customs Service (NCS), on Thursday, decorated 106 newly promoted officers with their new rank insignia of office in Lagos. TheNewsZenith reports that the decorated officers comprised 39 Comptrollers and 67 Deputy Comptrollers of Customs. Assistant Comptroller General, Charles Orbih, Zone “A” Coordinator of the NCS, […]

Read More
Economy National

Nigeria’ll be investment destination in Africa – Shettima

From Our Correspondent Abuja, Jan. 22, ’25 (TNZ) Vice President Kashim Shettima says President Bola Tinubu is working hard to make Nigeria an investment destination in Africa. TheNewsZenith reports that Shettima made the remarks at the ongoing 2025 World Economic Forum (WEF) in Davos, Switzerland. The theme of the Forum is, “Roadmap to Co-create Investment […]

Read More
Economy National

TDF celebrates Nigeria’s 23% rise in foreign reserve

By Abdulfatah Babatunde Lagos, Jan. 22, ’25 (TNZ) The Democratic Front (TDF), a socio-economic think-tank group, has called on Nigerians to celebrate the country’s rising foreign reserves, hitting an impressive $7.69 billion year-on-year. TheNewsZenith quotes the group as saying the Tinubu administration achieved impressive economic performance in one year between January 2024 and now. In […]

Read More
Economy Oil & Gas

Dangote gives reason for latest petrol price hike

From Our Correspondent Lagos, Jan. 20 ’25 (TNZ) Dangote Refinery has attributed the recent hike in the pump price of petrol across the country to high crude oil prices at the international market. TheNewsZenith reports that the company, in a statement, noted that the refinery was not directly responsible for the hike. It noted that any […]

Read More
Economy General

Nigeria’s $7.6bn fresh investment, sign of buoyant 2025 – TMSG

From Our Correspondent Abuja, Jan. 15, ’25 (TNZ) The Tinubu Media Support Group (TMSG) has described the $7.6 billion fresh investment commitment for Nigeria, from the Africa Development Bank (AfDB), as a sign of a buoyant 2025. TheNewsZenith reports that TMSG, in a statement, noted the latest Foreign Direct investments (FDIs) interest which were unveiled […]

Read More