The U.S. and Nigeria are experiencing diplomatic tensions after President Trump threatened possible military action over religious violence. Where is this going? Nigeria has approved a 15% import duty on petrol and diesel to encourage local refining, which may lead to increased fuel prices. Critics argue that it primarily benefits the Dangote refinery. Will this policy truly boost local refining, or will it simply make fuel more expensive for consumers? Yesterday, SBM Intel published its 20...
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The U.S. and Nigeria are experiencing diplomatic tensions after President Trump threatened possible military action over religious violence. Where is this going? Nigeria has approved a 15% import duty on petrol and diesel to encourage local refining, which may lead to increased fuel prices. Critics argue that it primarily benefits the Dangote refinery. Will this policy truly boost local refining, or will it simply make fuel more expensive for consumers? Yesterday, SBM Intel published its 20...
Nigeria’s non-oil exports rose 19.6% to $3.23 billion in H1 2025 from $2.7 billion a year earlier. Export volumes reached 4.04 million metric tons, with cocoa products making up 35% of the value. Could this momentum signal a lasting shift in Nigeria’s economic structure? Vice President Kashim Shettima announced that President Bola Tinubu has directed the planting of 100 million oil palm trees nationwide, alongside plans for an oil palm processing plant in Ondo State, to boost agriculture and...
The Week Ahead
The U.S. and Nigeria are experiencing diplomatic tensions after President Trump threatened possible military action over religious violence. Where is this going? Nigeria has approved a 15% import duty on petrol and diesel to encourage local refining, which may lead to increased fuel prices. Critics argue that it primarily benefits the Dangote refinery. Will this policy truly boost local refining, or will it simply make fuel more expensive for consumers? Yesterday, SBM Intel published its 20...
