Economy

Access Holdings Boosts Economic Partnership with Cameroon

Access Holdings has initiated moves to strengthen economic cooperation with Cameroon.This emerged as the Chairman of the financial institution, Aigboje Aig-Imoukhuede, met with the...

CRFFN seeks digital platform to boost industry

Nigeria’s freight forwarding industry could unlock tens of trillions of naira in annual value if stakeholders align on a unified digital and reporting platform,...

CBN unveils 2026 monetary policy agenda

The Central Bank of Nigeria (CBN) has unveiled its 2026 monetary policy agenda, focusing on reducing inflation to single digits, stabilising the exchange rate,...

CBN allows IOCs to repatriate 100% of export proceeds

The Central Bank of Nigeria has reversed its policy of cash pooling requirements for International Oil Companies operating in Nigeria, allowing the IOCs to...

FG launches digital trade portal, sets March 27 go-live date

The federal government has launched the national single window (NSW) project, also known as the digital trade portal, as part of efforts to reduce...

Tax authorities tighten scrutiny on related-party transactions

Nigeria’s tax authorities are increasing scrutiny of transactions between related companies as part of efforts to boost revenue and reduce tax leakages.The increased focus...

FG: Nigeria Not Experiencing Fiscal Collapse, Ongoing Reforms Signal Correction

The federal government has dismissed concerns that Nigeria’s public finances are deteriorating, insisting that the country is not facing a fiscal collapse but undergoing...

JP Morgan Warns DFC Insurance Cap is Too Small for the Risk

In an oil flash note sent to Rigzone late Wednesday by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at the company,...

CBN reduces interest rate to 26.5%

The Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR), the benchmark interest rate by 50 basis points from 27 per...

PENGASSAN faults 30 per cent oil revenue claim, seeks PIA review

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has faulted the public explanation surrounding the Federal Government’s...

Nigeria loses N1.76tn after missing OPEC quota

Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue due to its failure to meet the production quota set by the...

The Central Bank of Nigeria, on Thursday, reaffirmed its commitment to sweeping economic reforms aimed at stabilising the economy and positioning the country for...

VFD Group appoints new manager

VFD Group Plc has announced the appointment of Martins Akpore as Group Head, Centralised Critical Functions at the company. In a statement released on Wednesday,...

Tax reforms may reshape real estate sector – Stakeholders

  Experts in the real estate sector have stated that the tax reforms introduced by the Federal Government may change the dynamics of the real...

World Bank Agree to Collaborate on Reliable Energy, Strengthen Agriculture, Improve Trade Flows-FG

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has held talks with the visiting Managing Director, Operations, at World Bank...

Every Nigerian must file tax returns by March 31 – FG

The federal government has urged Nigerians to take their tax obligations seriously by ensuring timely submission of annual tax returns, stressing that compliance is...

Asset management firm backs capital gains tax for stability

The Managing Director/Chief Executive Officer of Arthur Stevens Asset Management Limited, Mr Tunde Amolegbe, has stated that Nigeria’s proposed 25 per cent capital gains...

Kuda targets hybrid banking under new national licence

Kuda Microfinance Bank has said that it would blend its digital-first operations with physical touchpoints across the country under its newly issued national licence.This...

Finance Minister: Nigeria has Moved from Stabilisation to Consolidation

Nigeria has moved decisively from stabilisation to consolidation, embedding reforms that support private-sector-led growth, strengthen institutions, and restore confidence in the economy, the Minister...

Inflation erases N2.8tn from workers’ pay in one year

The real value of employees’ earnings fell sharply by about N2.79tn in 2024 to N25.48tn, indicating that workers became poorer as inflation wiped out...

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