N12trn revenue target for Customs will cripple trade, OPS warns NASS
The Organised Private Sector (OPS) has warned the National Assembly that the ambitious N12trillion revenue target set for the Nigeria…
JUST IN: Nigeria’s oil output rises by 6.3% in December 2024
Nigeria's oil output has seen a significant increase, rising by 6.3% to reach 1.507 million barrels per day, according to…
JUST IN: Nigerian inflation rate rises to 34.8% in December 2024
Nigeria's inflation rate rose to 34.8% in December 2024, up from 34.6% in November, driven by increased demand for goods…
Oil marketers turn to Dangote Refinery as petrol depot price increases
The Independent Marketers Association of Nigeria (IPMAN) has turned to the Dangote Petroleum Refinery, following a significant 4.7% rise in…
NCC: Telcos to disconnect nine banks over USSD debt
Due to a backlog of unpaid debts, the Nigerian Communications Commission (NCC) has authorised the disconnection of Unstructured Supplementary Service…
Again, Naira depreciates at parallel market, trades at N1,660/$
The Naira on Tuesday depreciated in the parallel market, trading at N1,660 per dollar, compared to N1,655 per dollar recorded…
NERC transfers full electricity regulatory oversight to four states
The Nigerian Electricity Regulatory Commission has completed the transfer of regulatory oversight to four states. According to channelstv.com, NERC made…
CBN sanctions nine banks for failing to dispense cash via ATMs
In a clear demonstration of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned nine…
Fuel price may increase as depots hike loading costs
There are imminent signs of an increase in petrol prices as the loading costs of petrol and diesel at depots…
Customs records N6.105trn revenue, exceeds target by 20.2% in 2024 — CG Adeniyi
The Nigeria Customs Service (NCS) has once again recorded unprecedented performance in revenue collection for 2024. The Service collected a…
Equities investors lose N1.06trn as bears dominate market
Bearish sentiments dominated the Nigerian equities market on Tuesday as investors incurred a loss of N1.06 trillion. Overall, the equities…
Port Harcourt, Dangote, seven other refineries need 770,500 bpd in H1 2025 — NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the Federal Government, Dangote Petroleum Refinery, and eight other domestic refineries…
FG introduces two new savings bonds with up to 18.23% interest
The Federal Government, through the Debt Management Office (DMO), has unveiled two new savings bonds, offering attractive interest rates and…
Prioritise local companies for project execution, Senator Natasha tasks NUPRC
Senator Natasha Akpoti-Uduaghan, Chairman of the Senate Committee on Local Content, has called on the Nigerian Upstream Petroleum Regulatory Commission…
Nigeria lost $300bn in GDP in 8 years —Adebajo, CEO CFG
Nigeria has suffered a severe economic blow, losing an estimated $300 billion in Gross Domestic Product (GDP) over the past…
NGX Group CEO charts market vision at Ethiopian Securities Exchange launch
Temi Popoola, Group CEO of Nigerian Exchange Group Plc (NGX Group), reiterated the transformative potential of Africa’s capital markets at…
Telecoms tariff hike, long due, but will not stem inflation —Expert
THE Chief Executive Officer of Wealthgate Advisors, Mr. Adebiyi Adesuyi has described plans by telecoms service providers in the country…
CAPE Economic Research & Consulting forecast December 2024 inflation at 35.3%
AHEAD of the official release of the December 2024 headline inflation rate by the National Bureau of Statistics (NBS), CAPE…
IsDB retreat: Edun advocates innovative financing, bold reforms
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has called for bold reforms and smarter investments…
CBN launches non-resident Nigerian accounts to boost diaspora engagement
The Central Bank of Nigeria (CBN) has launched two new account types: the Non-Resident Nigerian Ordinary Account (NRNOA) and the…
