NRS E-Invoicing Rollout for Medium Taxpayers Begins April 2026
The Nigeria Revenue Service (NRS) has announced that it will extend its electronic invoicing system to medium and emerging taxpayers…
Category: Business
Nigeria Circular Economy Week: Experts Demand Government Support to Unlock Waste-to-Wealth Potential
Stakeholders across the waste management value chain have called for stronger government backing and policy stability to unlock Nigeria’s growing…
Ghana Government Pays GH¢10 Billion Interest Under Domestic Debt Exchange Programme (DDEP)
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking…
NNPC to Increase Gas Supply by 1.8bcf/d in 2026 to Meet Rising Domestic Demand
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to raise gas supply by an additional 1.8 billion…
Nigeria’s Oil Output Falls 6.3% in January 2026 Amid Price Volatility
Nigeria’s oil production fell sharply in January 2026, raising concerns about the country’s ability to meet both its budget and…
Naira Strengthens to N1,337/$ Amid Global Peace Talks: What It Means for Nigeria’s Currency Market
The Nigerian Naira has shown signs of recovery, strengthening to N1,337 per U.S. dollar at the official foreign exchange market…
Chams Enters Nigeria’s AI Infrastructure Race with New Subsidiary ChamsCorp
Chams Holding Company Plc, one of Nigeria’s pioneering technology firms, has officially launched a new subsidiary, ChamsCorp Plc, signaling its…
Petralon Energy Hits First Oil at Dawes Island, Wins Shell Backing
Petralon Energy has officially struck first oil at its Dawes Island Field, earning strong backing from Shell Western Supply and…
Nigeria Loses N1.76 Trillion After Missing OPEC Crude Oil Quota
Nigeria’s oil sector suffered a staggering N1.76 trillion loss in potential revenue after failing to meet the Organisation of the…
CBN Remains Sole Authority on Exchange Rates for Trade, Clarifies Nigeria Customs
The Nigeria Customs Service (NCS) has clarified that it does not independently set or adjust exchange rates used for import…
FG Launches GROW Fund to Empower 6,122 Young Entrepreneurs in Nigeria
The Federal Government of Nigeria has officially launched the GROW Fund, a financing initiative aimed at supporting more than 6,000…
Tinubu Advocates for Fairer African Financial System to End High Borrowing Costs
President Bola Tinubu has called for a more equitable global financial system, highlighting that African countries continue to pay disproportionately…
Nigeria’s Stock Market Rally Signals Strong Economic Growth, Says President Tinubu
President Bola Tinubu has highlighted the sustained rally in the Nigerian stock market as a clear reflection of the country’s…
European Stocks Set for Higher Open as UK Inflation Cools to 3%
European stocks are poised for a higher open on Wednesday as investors track global market movements and fresh economic data.…
NGX Market Capitalisation Falls to N121.55tn as Banking Stocks Trigger Sell-Off
The Nigerian equities market closed lower on Tuesday, ending a multi-day rally as investors took profits in major banking stocks.…
No Power, No Growth: Aliko Dangote Urges Urgent National Retreat to Fix Nigeria’s Electricity Crisis
The President and Chairman of Dangote Industries Limited, Aliko Dangote, has warned that Nigeria cannot achieve meaningful economic growth without…
Data Privacy Concerns Threaten Nigeria’s Financial Inclusion Drive
Growing concerns about data privacy in Nigeria’s financial inclusion efforts are emerging as a major obstacle to bringing millions into…
Nigeria’s Gas Market in 2025: Exports Surpass Domestic Sales, Driving Sector Growth
Nigeria’s gas sector saw a remarkable performance in 2025, with exports overtaking domestic sales for the first time in recent…
Ghana Needs National Agriculture Database to Protect Farmers and Stabilize Markets, Says Agribusiness Chamber
The Chief Executive Officer of the Chamber of Agribusiness Ghana, Anthony Morrison, has urged the government to establish a comprehensive…
FGN Savings Bond Records N5.9bn in February 2026 Subscriptions, Three-Year Tenor Leads Demand
The Federal Government of Nigeria (FGN) has successfully raised N5.913 billion from retail investors through its February 2026 Savings Bond…
Nigerian Stock Market Surges N6.79 Trillion as PenCom Raises Pension Fund Equity Limits
The Nigerian stock market recorded a remarkable gain of N6.79 trillion in its week-on-week performance, driven by the National Pension…
Nigeria Tax Reform Committee Clarifies No 25% Levy on Construction or Bank Funds
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed circulating claims of a 25 per cent tax on building…
Universal Insurance Deposits N1.5bn with CBN to Meet Recapitalisation Requirement
As the deadline for insurance companies to meet the new minimum capital requirements approaches, several firms are finalizing compliance with…
Naira Strengthens to N1,347/$ as Official and Parallel Rates Narrow – Market Convergence Continues
The naira made significant gains at the start of the week, appreciating in both the official and parallel foreign exchange…
NRS Launches E-Invoicing for Medium-Sized Businesses to Boost Tax Transparency
The Nigeria Revenue Service (NRS) is introducing a major digital shift for medium-sized enterprises with its new E-Invoicing & Electronic…
Dangote Group Invests $400 Million in Equipment to Expand Refinery and Boost Petrochemical Output
Dangote Group has taken a major step to accelerate its industrial ambitions, signing a $400 million agreement with China’s XCMG…
Nigerian Breweries Posts N1.467 Trillion Revenue in 2025, Signals Strong Recovery
Nigerian Breweries Plc has reported a remarkable turnaround, posting revenue of N1.467 trillion for the financial year ending December 2025.…
Nigeria’s Capital Inflow Hits $6.01bn in Q3 2025 Driven by Portfolio Investments
Nigeria’s capital importation surged to $6.01 billion in the third quarter (Q3) of 2025, marking a remarkable increase in foreign…
European Markets Expected to Open Lower as Earnings and Economic Data Take Center Stage
European markets are poised for a cautious start on Tuesday, with key indices expected to open lower amid ongoing investor…
NGX Hits Historic 190,000 Points as Market Capitalisation Surges N5.1 Trillion
Trading on the Nigerian Exchange Limited (NGX) witnessed a record-breaking surge on Monday as the All-Share Index (ASI) climbed to…