Settlement for affected equities and commodities transactions is to be completed by 5:00 p.m. on T+1,…
Category: Economy
Nigeria beats OPEC quota again as July oil output falls by 4%
The challenges in the two fields contributed significantly to the reduction in national production during the…
Tinubu signs Tax Incentive Order to attract $50bn deep offshore investment
Capital moves, countries compete for it and investors committing billions of dollars over many years need…
Aviation Unions suspend Air Peace picketing after Keyamo’s intervention
Flight operations subsequently began to ease following the suspension of the picketing, with Air Peace confirming…
FG picks Plateau, five other states, FCT for ranching pilot
Our understanding is that large numbers of cattle on the move are crisis-prone because grazing routes…
FG targets over $64bn contribution from livestock sector — SGF
Nigeria plans to improve livestock sector’s current annual contribution of over $32 billion to the economy…
Suspected vandal dies as transmission tower collapses in Delta
TCN warned that the increasing vandalism of electricity infrastructure posed a serious threat to the stability…
Tinubu: Rising NGX market value shows investors are returning to Nigeria
The market capitalisation of companies listed on the Nigerian Exchange had increased to more than N158…
Equities market adds N235bn as buying interest lifts NGX for third straight session
The market’s latest performance reflects sustained investor appetite for fundamentally strong stocks, despite a negative market…
Nigeria Spent N1.16trn on Fuel Subsidy in 2021 — RMAFC Chairman
Calculating the 13 per cent derivation on revenue remaining after various deductions from total collections was…
Tinubu’s economic reforms moving Nigeria towards industrial growth — IMPI
Inflation had subsequently fallen to 15.91 per cent by June 2026, while international institutions projected economic…
Davido trends online over reported ₦3.4 million restaurant bill
The singer has consistently displayed a willingness to spend on family, friends and associates. However, some…
NCC hands over Digital Industrial Park to Enugu on 15-year lease
The true measure of success will not be the quality of the buildings or equipment, but…
Nigeria’s power sector still struggles despite trillions in intervention funds
Since the privatisation of the power sector, successive administrations have introduced a series of intervention programmes…
Kano government shuts down shop over alleged indecent advertisements
The advertisements violated the cultural values, moral standards and established regulations guiding commercial promotions in the…
FG rules out immediate electricity tariff increase
Nigeria has sustained electricity generation at approximately 5,000 megawatts over the past two weeks, attributing the…
Customs begins implementation of 2026 Fiscal Policy, Tariff Amendments
The amendments would promote domestic industrial development, facilitate legitimate trade, and strengthen the implementation of fiscal…
Tinubu says economic reforms are paying off, security improving
The President has told us several times the economy is turning the corner. We now know…
U.S. imposes new tariffs on Nigerian goods over alleged forced labour concerns
The United States has had a forced labour import ban for nearly a century and rigorously…
FG to train 5,000 installers to bridge electricity metering gap
The Power Force Programme aligns with his ministry’s “One Youth, Two Skills” initiative aimed at equipping…
Reps suspend debate on Bill seeking ban on unbranded, unfortified edible oils
The bill proposed a nationwide ban on the manufacture, importation, distribution and sale of unbranded and…
TSF hails Tinubu as Nigeria’s net Foreign Reserves rise above $40bn
The transformation of Nigeria’s net foreign reserves from approximately $3 billion to over $40 billion is…
TCN, NISO strengthen ties to bolster national grid stability
This collaborative push comes amid structural shifts driven by Nigeria’s electricity market reforms, which demand stricter…
Bristow deploys Africa’s first airbus H160 for Nigeria’s offshore energy operations
L to R: Clement Falayi, Capt. Akinwale Makinde and Capt. Dapo Oyeleke Bristow has remained a…
TMSG hails Tinubu over transportation of gas to Ajaokuta Steel Company
By Moses Okorie To be clear, the Gas supply deal for the steel complex is bound…
Import duty exemptions hit N34trn in 2025 – Customs
The Comptroller-General, Nigeria Customs Service (NCS), Adewale Adeniyi, says the value of Import Duty Exemption Certificate…
FG denies N8tn ‘shadow budget’ claim, says IMF report misleading
Oyedele said the government does not operate a ‘shadow budget’ and that all public expenditures are…
120-tonnes-per-hour asphalt production plant commissioned in Ebonyi by Ayigold
By Eze Victor, Abakaliki Ebonyi State has recorded another milestone in its industrialisation drive with the…
Kwara Polytechnic diversifies revenue source through commercial agriculture
By Kehinde Emmanuel Kwara State Polytechnic, Ilorin, has intensified efforts to diversify its sources of revenue…
CBN tightens oversight, revokes licences of 46 microfinance banks nationwide
The revocation of the licences is part of the Bank’s ongoing efforts to safeguard the stability…