OPEC Urges Nigeria to End Crude Exports, Focus on Local Refining and Value Creation
The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has called on Nigerian oil producers to stop the…
Category: Local
Senate uncovers $303bn crude oil diversion under NNPC’s DSDP scheme
A forensic review conducted by consultants to the Senate Ad-hoc Committee on oil theft has uncovered staggering financial irregularities amounting…
Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence
Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite…
Naira Recovers Value Amid Renewed Market Confidence in Nigeria
Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the country’s economic stability.…
Nigeria’s Excess Crude Account Grows 13% in Two Years Under Tinubu’s Administration
Nigeria’s Excess Crude Account (ECA) has risen by 13 percent in the past two years, reflecting gradual fiscal recovery efforts…
Tinubu Appoints Dr. John Nwabueze as Nigeria’s First Tax Ombudsman to Strengthen Transparency and Tax Fairness
President Bola Tinubu has appointed Dr. John Nwabueze as Nigeria’s first Tax Ombudsman, marking a historic milestone in the country’s…
Empowering SMEs: The Driving Force Behind Nigeria’s Economic Transformation
The founder and convener of the Small-Scale Enterprises Lab (SSE Lab), Mrs. Desola Jimmy-Eboma, has reaffirmed that Nigeria’s economic future…
Nigeria Secures $500m World Bank Loan to Boost Agricultural Value Chains and Food Security
The Federal Government of Nigeria has sealed a $500 million loan agreement with the World Bank to strengthen agricultural value…
Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit
President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance…
NASCON, Sky Aviation Lead Market Decline as Nigerian All-Share Index Slips 0.72%
The Nigerian stock market closed on a bearish note on Tuesday, November 4, 2025, as the All-Share Index (ASI) dropped…
Investors Lose ₦858 Billion as Market Selloff Hits NGX Amid Trump’s Threat to Nigeria
The Nigerian stock market witnessed a steep decline this week as investors lost an estimated ₦858 billion in two trading…
Transcorp Achieves Record 39% Revenue Growth in Nine Months
Transnational Corporation Plc (Transcorp) has reported a remarkable 39 per cent year-on-year revenue growth, reaching ₦413.44 billion for the nine…
Top Nigerian Banks Post N4.1 Trillion Profit in Nine Months Despite Mixed Earnings — Five Lenders Lead with 37% Growth
Nigeria’s banking industry has once again showcased its resilience, as nine leading financial institutions collectively posted N4.115 trillion in profit…
NNPC Targets $60 Billion Partnerships to Power Africa’s Energy Transformation by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled an ambitious plan to attract between $30 billion and $60…
Banks Deposit ₦3 Trillion with CBN Amid Cash Crunch as Liquidity Tightens Across Nigeria’s Financial System
Nigerian banks have increased the amount of money held with the Central Bank of Nigeria (CBN), raising total deposits at…
NNPC Plans to Raise Stake in Dangote Refinery to 20% in Bold Energy Sector Move
The Nigerian National Petroleum Company Limited (NNPC) has announced plans to raise its equity stake in the $20 billion Dangote…
15% tariff: Nigerians to pay N1tn extra for petrol yearly
Nigerians may soon face higher fuel prices as the Federal Government introduces a 15% import tariff on Premium Motor Spirit…
Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers
The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take…
FG, Banks Target $20 Billion Diaspora Investment to Boost Nigeria’s Economy
The Federal Government, in collaboration with leading banks and private investors, is intensifying efforts to channel over $20 billion in…
Femi Otedola Applauds Tinubu’s 15% Petrol and Diesel Import Tariff to Boost Local Energy Sector
Billionaire businessman Femi Otedola has praised President Bola Tinubu’s recent move to impose a 15 per cent import tariff on…
Group urges Tinubu to halt fuel import licences
The Yoruba Council Worldwide (Igbimo Apapo Yoruba L’Agbaye) has urged President Bola Ahmed Tinubu to immediately halt the issuance of…
Lagos to Digitize Telecom Permit Approvals with TIRS Platform in 2026
The Lagos State Government has announced plans to automate the approval process for telecommunication infrastructure with the upcoming launch of…
Firm spends N45m to train educators on cybersecurity
In a bold move to strengthen digital safety in Nigeria’s education sector, Levi Edu Tech has spent over ₦45 million…
European Markets Fall as Investors React to Earnings and UK Budget Outlook
European markets fell on Tuesday as investors digested a series of corporate earnings reports and remarks from the U.K.’s Finance…
Woodhall Capital Targets $50 Billion Global Investments to Drive Nigeria’s Economic Growth
Woodhall Capital has unveiled bold plans to attract $50 billion in global investments to accelerate Nigeria’s economic development. The financial…
Nigeria’s 2026 Tax Reforms: 50 New Exemptions to Support Low-Income Earners and Small Businesses
In a major move to ease the financial strain on Nigerians, the Presidential Fiscal Policy and Tax Reforms Committee has…
IMF Says Cedi Stability Key to Ghana’s Inflation Decline in 2025
The International Monetary Fund (IMF) has credited the remarkable stability of the Ghanaian cedi as a major factor behind the…
Tech Firms Target Nigeria’s Insurance Market with Fintech-Driven Insurtech Revolution
Nigeria’s insurance industry is entering a new digital era as technology firms seek approval from the National Insurance Commission (NAICOM)…
NLC Warns 15% Fuel Import Duty Could Trigger Petrol Price Manipulation in Nigeria
The Nigeria Labour Congress (NLC) has warned that the federal government’s newly approved 15 per cent import duty on petrol…
Stock Market Investors Gain ₦7.25 Trillion in October Despite Weekly Profit-Taking Pressure
Investors on the Nigerian Exchange Limited (NGX) recorded massive gains of over ₦7.25 trillion in October 2025, pushing the total…