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Post-tax profit declined by 54.6 per cent, after net gain from foreign exchange, one of the biggest drivers of a profit rise in 2024, swung from N30.8 billion to a negative position of -N6.1 billion. The post Cornerstone Insurance’s 2025’s profit drops more than half...
Finance Minister Oyedele emphasizes the importance of increasing the number of taxpayers in Nigeria rather than raising tax rates. This approach aims to enhance revenue through better tax compliance and reform.
Minister Taiwo Oyedele believes Nigeria can achieve significant development through an effective tax system. He made this statement during a meeting with a delegation, highlighting the importance of tax reforms.
The Securities and Exchange Commission has approved new licenses for three BGL Group companies, allowing them to return to the Nigerian capital market. This move is expected to enhance market activities and investor confidence.
Nigerian oil marketers are keeping petrol prices high despite a significant drop in global crude oil prices. This situation persists even as prices return to levels seen before the US-Iran conflict.
Taiwo Oyedele stated that Nigeria could achieve significant development by improving its tax system. He emphasized the importance of an effective tax framework for the nation's growth.
The Nigerian naira showed stability against the US dollar on June 26, 2026, in both official and parallel markets. Traders are closely observing liquidity conditions and foreign exchange inflows.
Africa's leading agricultural exports, including cocoa and olive oil, are significantly enhancing trade growth. These commodities are attracting global investment and interest for 2026.
Nigerian mining companies are collaborating to enhance the local processing of lithium and rare earth resources. This partnership aims to increase economic value and satisfy global demand for these critical materials.
Nigeria's tax revenue is still insufficient, prompting calls for stronger partnerships to enhance tax education and compliance. The CITN has launched a nationwide sensitization campaign to improve citizens' understanding and participation in tax reforms.
Citibank has urged West African leaders to boost regional trade through the African Continental Free Trade Area (AfCFTA). The call emphasizes investment opportunities in Nigeria's blue economy, highlighting the country's readiness for business.
ANEEJ and SecFin Africa are rallying media support to combat Nigeria's annual loss of $17.8 billion due to illicit financial flows. They aim to raise awareness about issues like oil theft and export under-invoicing.
The Nigerian stock market fell by N959 billion due to profit-taking activities, particularly in Aradel Holdings Plc. This decline reflects a broader trend of investors pulling back amid market fluctuations.
The Nigerian Association of Petroleum Explorationists is advocating for better reservoir modeling to enhance oil and gas operations. They highlighted that Nigeria's deepwater drilling costs have escalated to $1 million daily.
Oil prices have fallen to $72, reaching levels not seen since before the Iran war. Nigerians are concerned about the potential impact on local fuel prices and the economy.
Sanusi has advised ECOWAS against launching the ECO due to weak economies and unstable institutions. He emphasizes the need for a thorough assessment to protect Nigeria's interests.
The Enugu Airport has been handed over to concessionaires, promising new economic opportunities for Southeast Nigeria. Direct cargo flights to Guangzhou are set to begin soon, with Aero Alliance aiming to enhance the airport's status in Africa.
Nigeria's FMCG sector is valued at $25 billion and is poised for a technology-driven transformation. The growth is fueled by population increase and rising demand, despite challenges in supply chain fragmentation.
FACTFILE with Lanre Alfred I have always found billionaire rankings faintly theatrical. They arrive every year with the ceremonious inevitability of a society wedding—glossy, breathless, and full of numbers that
Lagos State is pushing for greater ownership and economic value in Africa's creative economy. The focus is on promoting sustainable businesses and protecting intellectual property.
A professor urges Nigerians to adopt an investment savings culture to boost the economy, attract foreign investors, and ensure national growth.
C & I Leasing Plc secures FMDQ approval for its N18.90bn Series 1 Commercial Paper, boosting Nigeria’s short-term debt market and funding operations.
Dangote Refinery slashes petrol gantry price by N50 per litre to N1,125, offering relief to consumers as global crude oil prices decline.
Nigeria aims to save $121 billion by transitioning to 90% renewable energy. This shift is expected to benefit businesses, households, and the overall economy.
Sterling Bank champions Nigeria’s non-oil export expansion, hosting a forum to accelerate value addition and compliance for global competitiveness. Learn m
Participants at a recent workshop in Akwa Ibom State emphasised that many oil-producing communities remain unaware of their legal rights under the Petroleum Industry Act (PIA), despite official promises of development and environmental protection. The post Akwa Ibom oil communiti...
The Dangote Petroleum Refinery has lowered its ex-depot price for petrol by N50 per litre, citing retreating crude oil prices read more Nigerians still reeling despite petrol’s slide to N1,125/litre
Taiwo Oyedele believes that Nigeria can achieve significant progress by improving its tax framework. He emphasizes that a well-structured tax system is crucial for the country's development.
Mission 300, spearheaded by the World Bank and African Development Bank, aims to enhance electricity access across Africa. This initiative is expected to significantly improve energy availability for millions.
Increased oil output in the Niger Delta has led stakeholders to reassess Tantita's contributions and the effectiveness of enhanced security measures. Reports indicate a significant decline in armed conflict in the region, suggesting improved stability for oil production.