Browsing Category
Business
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million…
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total…
NRS Clarifies: No New VAT on Banking Services Under Nigeria Tax Act
The Nigeria Revenue Service (NRS) has dismissed circulating reports suggesting that the new Nigeria Tax Act…
LIRS Sets January 31 Deadline for 2025 Tax Returns: Employers Urged to File Early
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is…
NGX, DEG Drive Net-Zero Transition to Unlock $3 Billion in Climate Funding for…
The Nigerian Exchange Group (NGX Group), in partnership with Germany’s development finance institution DEG and…
NRS: VAT on bank charges NOT introduced by new tax laws
The Nigeria Revenue Service (NRS) says value-added tax (VAT) on bank services charges was not introduced by the new…
FG Explains N152 Trillion Public Debt, Says Rise Not Due to New Borrowing
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due…
BREAKING: SEC raises capital requirements for brokers, fund managers, digital…
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a major overhaul of capital requirements for…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity…
20 Nigerian Banks Meet Recapitalisation Deadline as CBN Pushes for Productive…
About 20 deposit money banks in Nigeria have met the Central Bank of Nigeria’s (CBN) new capital requirements under…
US Market Rally Set to Broaden Beyond Tech as Investors Rotate Into New Sectors
The long-running US stock market rally, powered largely by technology giants, may be entering a new phase as…
Nigeria–China Crude Oil Trade Poised for Growth as Venezuela Supplies Slump
Nigeria’s crude oil trade with China is expected to expand following a sharp decline in Venezuela’s oil exports to…
Nigeria’s Inflation Rises to 15.15% in December 2025 as Food Prices Ease
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer…
Dangote Refinery Ensures Fuel Price Stability as Expansion Plan Targets 1.4…
Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily,…
SEC Joins Forces with Nigeria Police to Tackle Ponzi Schemes and Crypto Fraud
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially…
UBA Share Listing: NGX Confirms 3.16 Billion New Shares Following Rights Issue
The Nigerian Exchange Regulation (NGX RegCo) has officially confirmed the listing of 3.16 billion additional…
NUPRC Launches 90-Day Plan to Boost Nigeria’s Oil Output with Faster Approvals
Nigeria’s upstream oil sector is set for a major shake-up as the Nigerian Upstream Petroleum Regulatory Commission…
Heirs Energies Acquires 20% Stake in Seplat in $500 Million Deal
Heirs Energies Limited, the energy investment firm chaired by business mogul Tony Elumelu, has finalized a major…
Nigerian Manufacturers Aim for 10.2% GDP Contribution in 2026 Amid Policy Optimism
Nigerian manufacturers are entering 2026 with renewed optimism, aiming to boost their sector’s contribution to the…
European AI Chip Stocks Surge as TSMC Posts Record Q4 Profit; ASML Shares Jump 7%
European AI chip stocks led a rally on Thursday, with investors reacting positively to record earnings from Taiwan…
Champion Breweries Redeems N4.21bn Commercial Paper, Strengthening Investor…
Champion Breweries Plc has successfully redeemed its N4.21bn Series 1 Commercial Paper (CP) notes at maturity, part…
Nigeria Eyes Interest Rate Cuts as Inflation Eases, Offering Relief to Strained…
Nigeria could soon see relief for its heavily burdened public finances as Finance Minister and Coordinating…
NGX Market Surges N598bn as Investor Optimism Drives Equities Rally
The Nigerian Exchange Limited (NGX) experienced a significant surge on Wednesday, with total market capitalisation…
Swiss Competition Authority Investigates Microsoft Licensing Fee Hikes
Switzerland's competition watchdog has launched a preliminary probe into Microsoft’s licensing fees, following a…
Nigeria on Fastest Growth Track in a Decade, Says World Bank
Nigeria is poised for its fastest economic growth in more than ten years, according to the World Bank. The global…
Dangote Refinery Launches 24-Hour Petrol Loading to Strengthen Nigeria’s Fuel…
The Dangote Petroleum Refinery has officially launched 24-hour petrol loading operations, marking a significant…
FG Orders Banks, Fintechs to Remit 7.5% VAT on Electronic Banking Service Fees…
The Federal Government has directed all banks and fintech companies operating in Nigeria to begin collecting and…
NGX Lists 3.16 Billion UBA Shares, Boosting Market Liquidity and Capital Base
The Nigerian Exchange Limited (NGX) has officially listed an additional 3.16 billion ordinary shares of United Bank…
European Markets Set for Higher Open as Greenland Tensions and Iran Developments…
European markets are expected to open broadly higher on Thursday as investors weigh escalating geopolitical…
Petrol Price Hike Looms in Nigeria as Global Crude Oil Crosses $66 per Barrel
Nigeria could be heading for another round of fuel price increases as global crude oil prices climbed above $66 per…