The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday called for the upgrade of the country’s gas infrastructure to meet immediate needs. NUPRC made the call...
The Federal Government has fully exempted 61 items from Value-Added Tax (VAT). The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele,...
Nigeria is set to launch a groundbreaking rural electricity project next month, backed by a $750 million financing package from the World Bank. The project, dubbed...
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS) to curb forex speculation and instil transparency in...
The Federal Inland Revenue Service (FIRS) has disclosed that the newly gazetted Withholding Tax (WHT) regime will take effect from the 1st of January 2025. Consequently,...
Investors in the Nigerian equities market lost N671 billion at the close of trading on Thursday. This followed a dip in the share prices of stocks...
The National Bureau of Statistics (NBS) said on Thursday the cost of healthy food per adult a day stood at N1,255 in August. The NBS disclosed...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria would conform to the Organisation of Petroleum Exporting Countries (OPEC) 1.5 million barrel...
President Bola Tinubu has penned a letter to the House of Representatives to seek quick passage of four tax reform bills submitted to the lower chamber....
The Minister of Aviation and Aerospace Development, Festus Keyamo has expressed optimism that the return of Emirates, the United Arab Emirates (UAE) flag carrier, to Nigeria...
The prices of various energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, among others are expected to crash following...
The Nigerian equities market resumed after the Independence Day holiday with a N187.6 billion loss for investors at the close of trading on Wednesday. This followed...
The Africa Development Bank (AfDB) has canvassed the adoption of technology, supported by the right policy environment and investment to transform agricultural productivity in a bid...
As First Bank Plc and Zenith Bank Plc continue to battle service disruptions, the tier 1 banks have warned it’s millions of customers to be wary...
Inflationary pressures intensified in September, adding to the challenges faced by Nigerian companies as the third quarter drew to a close, according to the Stanbic IBTC...
The Managing Director of Coleman Wires and Cables, George Onafowokan has lamented that it is only in Nigeria that the Customs Service has been turned into...
A flight operated by Emirates Airline, the flag carrier of the United Arab Emirates (UAE), touched down at the Murtala Muhammad International Airport, Lagos, on Tuesday...
The National Bureau of Statistics (NBS) said on Tuesday Nigeria imported 20.3 billion litres of Premium Motor Spirit (PMS) also known as petrol in 2023. The...
President Bola Tinubu has hailed what he said is the disciplined approach adopted by the Central Bank of Nigeria (CBN) to monetary policy management which he...
Indication has emerged that the $1.28bn divestment of ExxonMobil’s Nigerian assets to Seplat Energy is poised to receive ministerial approval within days. President Bola Tinubu announced...
President Bola Tinubu has boasted that reforms instituted by his administration has attracted more than $30 billion in foreign direct investments (FDI) in 2023. Tinubu made...
The Nigerian equities market began the week positively on Monday September 30, 2024 as investors gained N57bn at the end of trading on the floor of...
In a significant move to alleviate pressure on road networks and facilitate exports to other African countries, the Dangote Group has announced plans to transport refined...
The announcement on the planned commencement of the Federal Government’s naira-for-crude deal with Dangote Refinery has been greeted by low expectations among Nigerians. Many Nigerians have...
Investors in the Nigerian equities market made N121.07 trillion at the end of trading sessions last week. The bourse recorded gains in three of the five...
The World Bank on Monday approved a $1.57 billion loan to support ongoing projects in Nigeria. The loans are to support the Federal Government in enhancing...
As part of activities marking Nigeria’s 64th independence anniversary, the Federal Government, Sunday handed over 64 Compressed Natural Gas (CNG) buses to representatives of the Trade...
The Minister of Foreign Affairs, Am. Yusuf Tuggar, said on Sunday Nigeria would not push for debt forgiveness from China, its biggest lender. Tuggar, who featured...
The Securities and Exchange Commission (SEC) has issued a strong warning to individuals and organizations involved in illegal fund management activities, urging them to cease immediately...
Investors in Nigerian equities market enjoyed a profitable trading week raking in N121.07bn on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation rose...
The Central Bank of Nigeria (CBN) on Friday announced an extension of the suspension of cash deposit processing fees in a move aimed at providing respite...
The Speaker of the House of Representatives, Tajudeen Abbas, on Friday, reaffirmed Nigeria’s commitment to its “deepening relationship” with China, praising the Asian nation for maintaining...
Investors in the Nigerian equities market lost N37 billion at the close of trading on Friday. This followed the dip in the share prices of stocks...
The landing cost of Premium Motor Spirit (PMS) popularly known as petrol dropped to N981.08 per litre in September 2024, Major Energies Marketers Association of Nigeria,...
The Manufacturers Association of Nigeria (MAN) has issued a strong warning about the negative implications of the recent increase in the Monetary Policy Rate (MPR) to...
Abdul Samad Rabiu, the Chairman of BUA Foods Plc, has issued a scathing accusation against competitors in the food industry, alleging that they deliberately create scarcity...
The ability of the Federal government to generate revenue is threatened as the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed huge revenue debt owed the...
The Lagos Chamber of Commerce and Industry (LCCI) has issued a statement expressing cautious optimism regarding the recent marginal decline in Nigeria’s inflation rate. While the...
The Nigerian equities market reversed days of profit-making on Thursday as investors lost N266 billion at the close of the day’s trading. This followed the dip...
A lawmaker representing Yenagoa/Opokuma Federal Constituency, Bayelsa State, Oboku Oforji, on Thursday, accused the Nigerian National Petroleum Company Limited (NNPCL) and major marketers of creating a...
Billionaire businessman, Femi Otedola has further increased his stake in FBN Holdings to 13.15 percent with acquisition of additional 534,094,407 shares at the cost of N16.02...
Nigeria has secured a $10 billion investment from ExxonMobil in Nigeria’s deep-water oil operations. This development was announced by Stanley Nkwocha, senior special assistant to the...
The Federal government of Nigeria has announced plans to deploy the Tax Identification Consolidation and Collaboration (TICC) to expand the tax base, widen the tax net...
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange to eligible Bureau De Change (BDC) operators at N1,590 per dollar to meet...
The National Bureau of Statistics (NBS) said on Wednesday that prices of beans, eggs, yam, and other food items rose significantly in August. The NBS stated...
Investors in the Nigerian equities market gained N241 billion at the close of trading on Wednesday. This followed a surge in the share prices of stocks...
In a development that showed the acceptance of the cashless policy drive of the government, the value of transactions on electronic channels surged to N89.5 trillion...
The average domestic air fare surged by 25.5 percent month-on-month (MoM) to N123,700 in August 2024. This is up from the N98,561 recorded in July 2024....
Amidst biting economic hardship across the country, Nigeria’s broad Money Supply (M2) increased by 62 percent year-on-year, YoY, to N107.2 trillion in August 2024, from N66.19...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has tasked the Federal Government to ensure the increase of the stake of the Nigerian...
