In a bid to ease growing concerns among Nigerians, the federal government has announced a delay in the implementation of the new tax law, including the controversial 5% fuel surcharge, until January 1, 2026. Finance Minister Wale Edun made this revelation on Tuesday, attempting to quell fears of an even greater strain on household budgets …
PZ Cussons Nigeria Plc has made a comeback to profitability, posting a ₦10.07 billion profit after tax; however, the company remains in a debt obligation with negative net assets, which puts its financial position at risk. A review of the company's audited financial statements for the year ended May 31, 2025, shows PZ Cussons remains …
The National Union of Petroleum and Natural Gas Workers (NUPENG) has vowed to press ahead with its nationwide strike following the breakdown of a conciliation meeting convened by the Minister of Labour and Employment, Muhammad Dingyadi, to resolve the dispute between the union and the Dangote refinery. The meeting, which was held on Monday, ended …
President Bola Tinubu has approved the termination of the appointment of Fegho John Umunubo as Special Assistant to the President on Digital and Creative Economy in the Office of the Vice President. The announcement was contained in a statement issued on Monday, September 8, 2025, by Abiodun Oladunjoye, Director of Information and Public Relations at …
The global Islamic fintech sector is on a swift upward trajectory. According to the 2022 Global Islamic Fintech (GIFT) Report, the market witnessed transaction volumes of around $79 billion in 2021, with projections to reach $179 billion by 2026—an annual growth of approximately 18%. While key Islamic fintech hubs currently include Saudi Arabia, Malaysia, UAE, Turkey, …
Kenya could lose a vital economic lifeline as the African Growth and Opportunity Act (AGOA) is set to expire on September 30, ending the country’s duty-free trade access to the U.S. The apparel sector, which employs 66,000 Kenyans directly and supports nearly 660,000 livelihoods, would be hit hardest. The loss of AGOA would weaken Kenya’s …
Senegal’s President Bassirou Diomaye Faye and Prime Minister Ousmane Sonko have overhauled the cabinet in response to mounting public dissatisfaction over stalled reforms and economic hardship. In a surprise TV announcement, Sonko unveiled what he called a “government of combat,” pledging to work tirelessly to tackle debt, poverty, and restore public trust. READ ALSO: France …
The Nigerian naira has risen to a six-month high at the official foreign exchange (FX) market. According to data published on the Central Bank of Nigeria (CBN) website, the naira appreciated to ₦1,514.86 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, 04 September 2025, the last trading day last week before the public …
United Capital Research (UCR) has predicted that Nigeria’s headline inflation rate will drop to 20.83 per cent in August 2025, down from 21.88 per cent in July 2025. The pan-African financial services institution said its forecast is based on a combination of factors, including decreasing prices of major food items, relatively stable energy prices, especially …
Nigerian industrialist and philanthropist Tony Elumelu has been nominated to receive the Appeal of Conscience Award at the 60th Annual Gala in New York. He is to be honoured alongsidewirrjfg the Archbishop of New York, Timothy Cardinal Dolan. The organisers of the Award, Appeal of Conscience Foundation, announced this in a statement issued by PR …
