The Dutch government has agreed to sell a 46 per cent stake in TenneT’s German subsidiary to a consortium of global investors for up to €9.5 billion ($11.3 billion), marking a major step in its long-planned divestment of the power grid operator. The stake will go to Dutch pension fund manager APG, Norway’s Norges Bank, …
China has accelerated purchases of Argentine soybeans, booking about 20 cargoes, or 1.3 million tons, since Buenos Aires scrapped export taxes earlier this week, traders said on Wednesday. The surge makes Argentine beans more competitive and continues to erode U.S. market share, already hit by tariffs from the ongoing U.S.-China trade war. Most of the …
New Zealand has appointed Swedish economist Anna Breman as the next Governor of the Reserve Bank of New Zealand (RBNZ), marking a historic first for the country. She will assume office on December 1, 2025, becoming both the first woman and the first foreign national to lead the bank in its modern history. Finance Minister …
The Federal Inland Revenue Service (FIRS) has defended the federal government’s borrowing framework, describing debt as a legitimate component of every national budget. FIRS Chairman Zacch Adedeji stated this on Tuesday while addressing journalists during the Meet-the-Press series organised by the Presidential Communications Team at the Presidential Villa, Abuja. He explained that federal revenue collection …
The National Pension Commission (PenCom) has introduced a new programme, Pension Revolution 2.0, aimed at raising the pay of retirees, improving pensioners’ dignity, and extending pension services to millions of Nigerians, including those in the informal sector. The Director-General of PenCom, Ms. Omolola Oloworaran, announced the initiative in a statement on Monday. She explained that …
Billionaire businessman, Femi Otedola, has waded into the controversy between Dangote Group and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). Otedola, who is the chairman of Geregu Power Plc, commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, for the success achieved so far since the Dangote Refinery commenced operations. In …
As the Nigerian government prepares to implement new tax laws on January 1, 2026, there are mixed feelings of anticipation and anxiety among businesses, economic experts, and citizens regarding the impact. The six-month deadline set from June 2025, when the laws were signed by President Tinubu, was intended to allow for robust stakeholder engagement and …
Nigeria has taken fresh steps to strengthen its economic partnership with Saudi Arabia, following high-level engagements at the Money20/20 Middle East Conference in Riyadh. Minister of State for Finance, Dr. Doris Uzoka-Anite, who led Nigeria’s delegation to the global fintech and finance forum, said the Tinubu administration is determined to reposition the economy and attract …
The management of Dangote Refinery has challenged the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and any other party dissatisfied with its recent publication on fuel subsidy claims by marketers to seek redress through the appropriate legal channels, rather than resorting to ultimatums. The refinery's management, in a statement on Wednesday, September 17, said …
Pensioners under the Nigerian Union of Pensioners (NUP), Federal Civil Service chapter, have threatened to stage a protest on October 1 over the non-implementation of their ₦32,000 pension increase. The group said while the new ₦70,000 minimum wage has been implemented for workers, pensioners remain excluded from the adjustment. READ ALSO: Retired Military Pensioners Picket …
