Economy
FAAC Disburses N2.094trn Allocation for October 2025
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.094 trillion to the federal, state and local governments...
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Nigeria’s FX Reserves Hit Seven-Year High at $46.7bn, Says CBN
Nigeria’s foreign-exchange reserves have risen to their highest level in seven years, reflecting renewed confidence in the economy, improved oil...
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Federal Government Begins User Testing for National Single Window Trade Platform
The Federal Government has commenced the User Acceptance Testing (UAT) phase for the National Single Window (NSW) platform as part...
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Nigeria Moves to Introduce Travel Insurance to Cut Billions Spent on Repatriation
The National Insurance Commission (NAICOM) and the Ministry of Interior have begun a strategic collaboration to develop a comprehensive travel...
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Nigeria Spends $2.93bn Servicing Eurobonds in Two Years Under Tinubu
Nigeria has spent approximately $2.93bn servicing its Eurobond obligations across eight quarters under President Bola Tinubu, according to external debt-service...
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FG to Establish 500 CNG Refuelling Stations Nationwide in Three Years
The Federal Government has announced plans to establish 500 Compressed Natural Gas (CNG) refuelling stations nationwide within the next three...
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Dangote Reaffirms Commitment to Africa’s Industrialisation, Unveils Expansion Plans at Lagos Trade Fair
Dangote Industries Limited (DIL) has reaffirmed its commitment to driving the industrialisation of Nigeria and Africa, pledging to sustain its...
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Nigeria’s Private Sector Records 11th Straight Month of Growth as PMI Hits 55.4 in October
Nigeria’s private-sector activity expanded for the 11th consecutive month in October 2025, driven by broad-based growth across industry, services, and...
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MAN Warns of ₦1.9 Trillion Investment Loss, 500,000 Job Cuts Over NAFDAC’s Alcohol Sachet Ban
The Manufacturers Association of Nigeria (MAN) has raised alarm over the directive by the National Agency for Food and Drug...
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FG Suspends 15% Import Duty on Petrol and Diesel, NMDPRA Confirms
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Federal Government is no longer considering the...
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