Economy

  “NMDPRA estimates Warri Refinery repairs at $879.6m In April 2025, a document by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that the Warri Refinery gulped $879.6 million in maintenance costs and had failed to produce petrol and was shut down less than one month after the erstwhile NNPC GCEO, Mele Kyari, declared it functional” PEGASUS REPORTERS, ...

  “A single elite donor cow can produce up to 15 calves a year through embryo transfer, compared to just one through traditional breeding. This fast-tracks the genetic improvement of herds and enhances national livestock productivity” PEGASUS REPORTERS, LAGOS | APRIL 29, 2025 In a groundbreaking development for Nigeria’s livestock sector, Sila Green Agro, in collaboration with their Brazilian technical ...

  “Are you aware that EASY SALES EXPORT NIGERIA LIMITED (RC: 7670167), a company registered on 9 July 2024 and claiming to have secured a $270 million trade deal under the Nigeria-Saudi Arabia agreement, is less than a year old? Official trade data indicates Nigeria’s total agro-export to Saudi Arabia in 2024 was under $500,000, casting doubt on this claim” ...

  “Rwanda and Morocco offer compelling models for strengthening PHC systems and expanding access. Rwanda’s community-based health insurance, rolled out nationwide in 2004, now covers more than 90 percent of the population, making it one of Africa’s most effective health financing models” PEGASUS REPORTERS, LAGOS | APRIL 18, 2025 A global storm is gathering – and Africa is directly in ...

  China is facing 145% tariffs on most exports to the United States as of the most recent revisions in Trump’s trade policies. However, the biggest increases in exports were to China’s Southeast Asian neighbours, which saw exports from China jump nearly 17% in March from a year earlier. Exports to Africa rose more than 11%. PEGASUS REPORTERS, LAGOS | ...

“The first truth we must confront is this: Abuja will not develop the North. It is not Abuja’s job — it is ours. Arewa must design and implement its own Marshall Plan, a bold economic framework that unites the 19 Northern states around a shared vision for transformation. This plan must include clear blueprints for reviving agriculture, reindustrializing key sectors, ...

  “And the fact that the Central Bank of Nigeria declared a record-breaking surplus of $6.83 billion for the fiscal year 2024. This is the same bank that reported a ₦488 billion ($1.7 billion) deficit in the first quarter of 2020” PEGASUS REPORTERS, LAGOS | APRIL 13, 2025 In the last twenty-four hours, Fitch Ratings upgraded Nigeria’s economy to a ...

  “Trump’s return and his focus on protectionism suggest a shift from previous administrations’ globalist approaches towards a more isolationist and nationalist doctrine. By framing the tariffs as a means of protecting American jobs and businesses, Trump is appealing to his core base, which has consistently favored policies that prioritize American interests over international cooperation” PEGASUS REPORTERS, LAGOS | APRIL ...

  “If you think we’re going to overcome 50 years of short-sighted policy and lack of truth-telling to the American people, lies that continue right up to this afternoon, than you should absolutely expect, with totally fair warning, that this only gets worse from here, and we’ll have no one to blame but ourselves” PEGASUS REPORTERS, LAGOS | APRIL 6, ...

  “However, the greatest backstabber in all these are the Nigeria Labour Congress NLC and the Trade Union Congress TUC. One is not surprised, because from the time of Comrade Wabara to the current leaders of NLC, their antecedent has been anti-Nigeria workers whose salaries are deducted at source as Check-off contribution to feather the nest of Comrade Ajaero and ...