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ASSETS & FINANCIALS
Naira Weakens To 1,541/$
The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM…
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OIL & GAS
NNPCL, States Differ As N’East Oil Exploration Remains In Limbo
The Nigerian National Petroleum Company Limited and officials of the Gombe and Bauchi state governments have expressed divergent views over…
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ASSETS & FINANCIALS
Ministry Inaugurates N250bn Real Estate Investment Fund
The Federal Government through its finance ministry, has inaugurated the N250bn Ministry of Finance Incorporated Real Estate Investment Fund aimed…
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ASSETS & FINANCIALS
New Withholding Tax Policy Begins
The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system.…
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ASSETS & FINANCIALS
Naira Tumbled 41% In 2024, Defies CBN’s Forex Reforms
The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of…
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OIL & GAS
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation…
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NEWS LENS
NCS Intercepts 2,000 Bags Of Rice, 844 Rifles
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja said it intercepted about seven trucks carrying over 2,000 bags…
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ASSETS & FINANCIALS
W’Bank Suspends Loan Fees For Poor Nations
The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The…
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ASSETS & FINANCIALS
CBN Disqualifies 41.65m Shares In Access Holdings Rights Issue
The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings Plc’s recently concluded rights issue.…
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ASSETS & FINANCIALS
PZ Cussons Records N15bn Loss In H1
PZ Cussons Nigeria Plc has reported an exchange loss of N15.15bn, which marks an improvement compared to the N87.08bn exchange…
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NEWS LENS
Ikeja Customs Record 707 Seizures Worth N18bn – Official
The Nigeria Customs Service, Federal Operations Unit, Zone A Ikeja, said it recorded 707 seizures of different contrabands with a…
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ASSETS & FINANCIALS
FG Gives Banks, Telcos Six-Month Ultimatum On N250bn USSD Debt
The Central Bank of Nigeria and the Nigerian Communications Commission have issued a final directive to Deposit Money Banks and…
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ASSETS & FINANCIALS
10 Ministries Get Over N1tn Each In 2025 Budget
No fewer than 10 federal ministries and agencies under their purview got over N1tn each as appropriation in the 2025…
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ASSETS & FINANCIALS
Net Forex Inflow Fell To $14bn In Q3 – CBN
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per…
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NEWS LENS
Govt Approves Recruitment Of 3,927 Customs Officers
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said that the contribution of the…
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OIL & GAS
Yuletide: Dangote Refinery Slashes Petrol Price To N899.50
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid…
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ASSETS & FINANCIALS
SEC Seeks Policy Support To Drive $1tn Economy
The Securities and Exchange Commission has emphasised the need for policy support to drive Nigeria’s $1tn economy, citing the role…
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OIL & GAS
Electricity Subsidies Rise To N199.6bn – NERC
The Nigerian Electricity Regulatory Commission has disclosed that the federal government’s electricity subsidies payable for December have risen by 2.76…
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ASSETS & FINANCIALS
Food Inflation Hits 40% Despite FG $3.3bn Agric Loan
Despite securing multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of…
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ASSETS & FINANCIALS
Google, Facebook, Others Pay N3.8tn Tax To FG – Report
Google, Netflix, Facebook, and other foreign companies operating in Nigeria paid N3.85tn in taxes to the Federal Government in the…
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