Oil Prices Dip Slightly as Tariff Uncertainty Clouds Market Sentiment
Oil prices edged lower on Wednesday, retreating slightly from recent two-week highs as investors digested fresh uncertainties surrounding U.S. tariff...
Tinubu Pledges Increased Funding for Key Sectors to Foster Inclusive Development
President Bola Tinubu has reaffirmed his administration’s commitment to channel adequate funding into critical sectors of the economy to rebuild...
CBN Directs Banks to Submit Capital Restoration Plans as Forbearance Regime Winds Down
The Central Bank of Nigeria (CBN) has issued a directive to banks operating under regulatory forbearance to submit a Capital...
Nigeria, Netherlands Begin Renegotiation of Double Taxation Agreement
The Federal Inland Revenue Service (FIRS) and the Kingdom of the Netherlands have officially begun the renegotiation of the Double...
IMF Flags Weak Social Safety Net in Nigeria Amid Ongoing Reforms
The International Monetary Fund (IMF) has expressed concern over the lack of a robust social safety net in Nigeria, warning...
CBN Clarifies: No Hidden Charges for BVN; $50 NRBVN Fee Covers Processing for Diaspora Nigerians
The Central Bank of Nigeria (CBN) has clarified that no hidden charges have been introduced to the Bank Verification Number...
Nigeria’s Upstream Sector Meets 77% Domestic Gas Obligation Despite Infrastructure Gaps
Despite persistent infrastructure challenges in Nigeria’s gas sector, the country’s upstream oil and gas segment fulfilled 77% of its Domestic...
Senate Passes Bill Mandating 30% Local Processing of Exported Raw Materials
In a significant policy shift aimed at accelerating industrialisation and enhancing local manufacturing, the Nigerian Senate has passed a bill...
Discos Collect ₦553.63bn in Q1 2025 According to NERC
Electricity Distribution Companies (Discos) in Nigeria collected ₦553.63 billion in revenue during the first quarter of 2025, according to the...
House Committee Approves N774.77bn Budget for NIMASA in 2025
The House of Representatives Committee on Maritime Safety, Education and Administration has approved the 2025 budget proposal of ₦774.77 billion...
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