ECONOMY

Amid Nigeria’s ongoing revenue drive, commercial banks have remitted N205 billion in windfall taxes to the Federal Government, while an outstanding N600 billion remains unpaid. This development has reignited discussions...

As Muslims across Nigeria mark the end of Ramadan with Eid-el-Fitr celebrations, the mood this year is markedly subdued. Across major cities and rural communities, many families are scaling down...

In a bid to stabilize the Naira and reinforce Nigeria’s dwindling foreign reserves, the Central Bank of Nigeria (CBN) has intensified efforts to manage exchange rate volatility and attract foreign...

In a major push to support small businesses, the Nigerian government has announced a groundbreaking ₦220 million cash prize for the overall winner of the 2025 Micro, Small, and Medium...

The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced plans to raise ₦300 billion in its March 2025 bond auction. The funds are intended to bridge...

An explosion has rocked the Trans-Niger Pipeline (TNP), a critical crude oil transportation route feeding the Bonny export terminal. The incident, which occurred in the early hours of the day,...

The newly commissioned Dangote Refinery, Africa’s largest, has set off a fierce price competition in Nigeria’s downstream oil industry. The refinery, which boasts a 650,000-barrel-per-day capacity, has reduced petrol prices...

Nigeria’s inflation rate has declined for the second consecutive month, signalling potential relief for consumers and businesses grappling with high prices. According to the latest data from the National Bureau...

Amid ongoing global economic uncertainties, foreign investors are increasingly turning their attention to Nigeria’s financial markets, drawn by a mix of high-yield opportunities and recent economic reforms spearheaded by President...

The Secretary-General of the  Organization of the Petroleum Exporting Countries, Mr Haitham Al-Ghais has enjoined Africa to unlock its proven oil of over 120 billion barrels. Al-Ghais, made this known...