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The Independent Petroleum Producers Group (IPPG) has decried the sheer weight and multiplicity of fees, levies, and statutory charges imposed read more Multiple agency levies outpacing fiscal incentives promised by PIA, IPPG warns
…established 119 learning centres across the country The National Commission for Almajiri and Out-of-School Children’s Education (NCAOOSCE) has clarified its read more Almajiri commission explains role in executing non-education projects in 2026 budget
According to Credit Direct, strengthening the mortgage market would have benefits beyond increasing home ownership. The post Nigeria’s mortgage market remains below 1% of GDP, says Credit Direct Report appeared first on Premium Times Nigeria.
The Financial Reporting Council of Nigeria aims to enhance financial reporting standards with new actuarial regulations. This initiative is expected to boost investor confidence in the country's financial landscape.
The naira weakened to N1,410 per dollar in the parallel market, popularly known as the black market, on Monday as read more Naira cools to N1,410/$ in black market on renewed dollar demand
Asian stocks showed mixed results as concerns over AI developments weighed on investor sentiment. Meanwhile, oil prices increased following a tanker assault, indicating volatility in the energy sector.
In a major move within Nigeria’s manufacturing sector, Emerald Holdco has launched a N6.94 billion bid to acquire 11.741 million read more Emerald Holdco offers N6.94bn to buy out Beta Glass minority shares
Nigeria has reentered Africa's top five destinations for foreign direct investment (FDI) with $4 billion in inflows. This marks a significant year-on-year increase of 148% in 2025.
Global foreign direct investment rose by 6% in 2025, totaling $1.6 trillion, as reported by the UN. This growth occurred despite ongoing uncertainties in the global economy.
Cross River State has launched a seven-year plan aimed at enhancing coffee production and diversifying its economy. The initiative is expected to boost non-oil exports and create jobs in the region.
Many Nigerians are being driven out of the housing market due to adverse macroeconomic conditions. This has led to an increase in homelessness among the working population.
David Umahi has pledged to provide reliable infrastructure to boost economic development in Nigeria. His commitment comes as construction advances on the Lagos section of the Sokoto-Badagry super highway.
Zimbabwe has successfully restored electricity to most areas after a nationwide blackout. The recovery followed the failure of the national power grid.
Nigeria's Customs Service has significantly reduced import tariffs on used and new vehicles to boost revenue. The agency aims to generate ₦11 trillion following these changes.
The Nigerian naira showed mixed performance against the US dollar on July 7, 2026, with stability in the official market. However, the parallel market experienced a slight weakening.
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed plans to eliminate intermediaries in Nigeria’s Petroleum sector, through a read more NCDMB moves to eliminate middlemen in oil sector contracting
It is mid-year and businesses across the globe are reviewing their books, revenue-target, strategy optimisation, performance outcomes, customer acquisition cost, read more The organisational pulse: The business metric leaders are consistently underpricing
Dangote Petroleum Refinery and key fuel marketers have reduced depot prices for petrol, responding to government pressure. This move aims to bring prices closer to the target of sub-N800 per litre set by IPMAN.
FTSE Russell's proposal to reclassify Nigeria as a Frontier Market has sparked debate over its reasoning. Critics argue that the decision may not accurately reflect Nigeria's economic realities.
Nigeria must turn its long-standing commitments to oil investors into real benefits for the economy. The country has promoted its oil reserves for years, and now it's time to deliver on those promises.
Nigerian motorists may soon see petrol prices drop to N800 per liter due to a new agreement with Dangote marketers. This development is expected to provide significant relief to consumers amid rising fuel costs.
An expert has called for a disciplined approach ahead of the 2026 Licensing Round by the Nigerian Upstream Petroleum Regulatory Commission. This initiative aims to enhance the oil and gas sector in Nigeria.
Nigeria's power generation dropped by 9.6% in the first quarter, leading to significant financial losses for distribution companies. The sector's inefficiencies resulted in losses amounting to N140.6 billion.
A recent NRS report emphasizes tax reforms and subsidy cuts as essential for Nigeria's economic recovery under President Tinubu. It notes improvements in revenue collections but highlights challenges like a low tax-to-GDP ratio and high debt servicing costs.
The Naira has fallen to N1,400 against the dollar in the unofficial market, a slight decline from N1,395 per dollar last weekend. This depreciation reflects ongoing challenges in Nigeria's currency stability.
Nigeria's Finance Minister announced that the country has successfully averted an economic collapse and is progressing towards macroeconomic stability. This positive shift follows the implementation of tough reforms aimed at strengthening the economy.
FAAN and three state governments owe over N25bn to NAMA, raising concerns about the agency's funding and operations. This debt situation highlights ongoing financial challenges within the aviation sector.
Peter Uzoho A top official of one of the International Oil Companies (IOCs) operating in Nigeria has called for urgent conversion of recent oil and gas Executive Orders to legislation,
Emmanuel Addeh in Abuja The Nigerian National Petroleum Company Limited (NNPC) recorded a cumulative profit after tax of N1.74 trillion from a total revenue of N17.33 trillion for the five-month
Chairman of the Tax Appeal Tribunal, North Central Zone, Jos, Prof David Agbu, has cautioned that Nigeria’s drive to increase public revenue under the new tax regime must not override