While preparing dinner on Friday evening, Madam Juliana Umeh, a mother of three who resides in the Ilasa area of Lagos, suddenly noticed the flame from her blue 12.5kg cylinder gradually dropped and finally stopped. The gas finished in the middle of the cooking. Left with no other option, Mrs Umeh approached a nearby gas …
The African Export-Import Bank (Afreximbank) has reported robust financial performance for the year ended December 31, 2025, highlighting strong balance sheet growth, increased investor confidence, and sustained execution of its strategic priorities across Africa and the Caribbean. The Bank said its total assets and contingencies rose by 21 percent to $48.5 billion from $40.1 billion …
Nigeria’s business environment remained in expansion territory in March 2026, but momentum weakened significantly as rising input costs, weak investment appetite, and persistent structural challenges dragged performance across key sectors, according to the latest Nigerian Economic Summit Group Business Confidence Monitor (BCM). The report paints a picture of a cautious economy, one where businesses are …
Despite the non-oil revenue surge, debt and subsidy pressures mount Nigeria is gradually reducing its long-standing dependence on crude oil as a major source of revenue, as non-oil income and tax collection across the country have been on a steady rise, a new report reveals. The report, titled “Nigeria Unshackled: Inside the Steady Rise …
FG Moves to Centralise Revenue Collection, Retains Technical Oversight with the Solid Minerals Ministry The Federal Government has handed over the collection of mineral royalties from mining operators nationwide to the Nigeria Revenue Service (NRS), in a major policy shift aimed at strengthening revenue administration under the new tax laws. The Ministry of Solid …
The Nigerian Naira maintained a relatively stable performance against the United States Dollar on Thursday, April 2, 2026, as improved liquidity and sustained policy support continued to underpin gains recorded at the start of the new quarter. At the Central Bank of Nigeria-regulated Nigerian Foreign Exchange Market (NFEM), the Naira traded at an average of …
Nigeria has exported the first cargo of its newly introduced Cawthorne crude grade, with approximately 950,000 barrels en route to India's Sikka port. A report by Platts, part of S&P Global Energy, said a spokesperson for the Nigerian National Petroleum Company (NNPC) Limited confirmed the development, saying the shipping was done during the weekend following regulatory approvals …
The Nigeria Sovereign Investment Authority (NSIA) has announced a record-breaking financial performance for the 2025 fiscal year, posting a Core Total Comprehensive Income of ₦478.8 billion, the highest since its establishment. The figures were unveiled on Thursday, 2nd April 2026, during the Authority’s 2025 Earnings Presentation and Media Parley held in Abuja, where top management …
DEAP Capital Management & Trust Plc (DEAPCAP) has received an additional ₦2 billion in capital injection from Banklink Africa Private Equities Limited, bringing the total funds received under a ₦6 billion funding commitment to ₦3 billion. DEAPCAP announced this in a notice sent to the Nigerian Exchange Limited (NGX) on Thursday, April 2, 2026. This …
The Pension Fund Operators Association of Nigeria (PenOp) has appointed Anthonia Ifeanyi Okoro as its new Chief Executive Officer. Okoro succeeds Oguche Agudah, who led the association for six years. Her appointment took effect from March 30, 2026, as the body seeks to strengthen strategic leadership in the country’s pension industry. Announcing the appointment, PenOp …
