The Dangote Cement Plc said it has tripled its scholarship fund for its host communities in Gboko, Benue State, awarding over ₦28 million. The company's Plant Director, Gboko Plant, Abhijit Dutta, who was represented by the Head of the Finance Department, Olusegun Orebanjo, said at the presentation of the cheque in Gboko. “This year’s scholarship …
Nigeria’s economy is expected to make a clearer transition from stabilisation to growth, based on projections by the Centre for the Promotion of Private Enterprise (CPPE). The centre made the forecast in its 2026 economic outlook issued by its Chief Executive Officer, Muda Yusuf, on Sunday. The non-governmental organisation, which focuses on promoting, protecting, and …
One of the pertinent worries that has trailed the Christmas Day fire incident at the popular Balogun Market in Lagos State is whether the buildings affected were insured. Pinnacle Daily reported that the fire, which destroyed the Great Nigeria Insurance House on Martins Street, Lagos Island, broke out at about 5 p.m. on Wednesday. LASEMA and …
The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to prioritise domestic refining in line with the Nigeria-First Policy agenda. The Centre made the call in a statement issued by its Chief Executive Officer, Muda Yusuf, on Thursday, December 25. “The NMDPRA must …
On Friday, December 19, 2025, Nigeria's President Bola Tinubu presented a proposed 2026 budget size of N58.18 trillion to a joint session of the National Assembly. Christened ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’, it aims to consolidate economic reforms and boost growth. It was read for the first time on the same day, …
Seplat Energy Plc says its subsidiaries, Seplat West Limited and Seplat East Onshore Limited, have successfully converted their operated onshore assets from the Petroleum Profit Tax regime to the fiscal framework under the Petroleum Industry Act (PIA). The independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, announced this …
Nigeria leads Africa’s fast-growing digital payments space as instant payment transactions climbed close to $2 trillion in 2024. This is according to the new report, "State of Inclusive Instant Payment Systems (SIIPS) 2025," released by the AfricaNenda Foundation in partnership with the World Bank and the United Nations Economic Commission for Africa (UNECA). The report …
The Nigerian Consumer Credit Corporation (CREDICORP) has enabled 1,000 women to acquire locally assembled vehicles. The empowerment programme marked the commencement of CREDICORP's nationwide ‘10,000 Women Mobility’ initiative rollout at Eagle Square, Abuja, on Monday, December 22. According to CREDICORP, the scheme represents the largest single-day mobility asset acquisition for women in Nigeria. It is …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated that the National Assembly has the constitutional authority to suspend the planned implementation of Nigeria’s tax reform laws set for January 2026. In an interview on Channels Television on Monday, Oyedele responded to allegations that parts of the tax laws passed …
Heirs Energy has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to ramp up its oil and gas production. The deal signed on Saturday, December 20, in Abuja, is expected to help the indigenous energy firm ramp up its crude oil output to about 100,000 barrels per day and gas to …
