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Nigeria Records 1.3 Billion Litres Of Petrol Imports Despite Rising Local Refinery Output

Nigeria imported approximately 1.31 billion litres of petrol in December 2025 according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. This remains a significant figure despite a massive surge in production from the Dangote Refinery which supplied 992 million litres during the same period. The data reveals a growing competition [...


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Federal Government To Intervene As Food Prices Fall Below Production Costs For Farmers

The Federal Government of Nigeria has announced urgent plans to support domestic farmers after food prices plummeted below production costs, threatening the sustainability of the agricultural sector. Speaking at the launch of the Nigerian Economic Summit Group 2026 Macroeconomic Outlook Report in Lagos on Thursday, January 15, 2026, the Minister of Finance and Coordinating Mi...


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Federal Government Launches New Industrial Framework To Double Manufacturing GDP By 2030

The Federal Government of Nigeria has unveiled a new National Industrial Policy aimed at increasing the manufacturing sector’s contribution to the Gross Domestic Product from its current level of approximately 8 percent to 25 percent by 2030. Speaking at the Nigerian Economic Summit Group Macroeconomic Outlook event in Lagos on Thursday January 15 2026 the […]

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United States Finalizes First Sale Of Venezuelan Crude Oil Under Landmark Energy Deal

The United States government has completed its first transaction of Venezuelan crude oil, valued at $500 million, as part of a broader $2 billion energy agreement. An administration official confirmed on Wednesday, January 14, 2026, that these sales represent the opening phase of a deal brokered between Washington and the interim Venezuelan government. The proceeds […]


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Google Unveils Universal Commerce Protocol To Power The AI Shopping Revolution

At the National Retail Federation 2026 conference Google CEO Sundar Pichai announced a massive shift toward agentic commerce. This new era is defined by AI agents that do not just find products but also execute complex shopping tasks on behalf of users. To lead this transition Google introduced the Universal Commerce Protocol an open source […]

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