The Nigerian stock market has achieved a remarkable feat in 2024, closing with a striking 37.65% gain. The All-Share Index surged, fueled by substantial growth in mid and large-cap stocks.…
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Business
Nigeria has lost over $25.7 billion to crude oil theft between 1999 and 2022, according to a new report that shocked the energy industry. This staggering loss spans 23 years,…
In a landmark move aimed at restructuring Nigeria’s tax system, the House of Representatives has approved key tax reform bills, retaining the current 7.5% Value Added Tax (VAT) rate while…
Business
Tinubu Breaks South African Firm’s 12-Year Grip on Nigeria’s N3 Trillion Airtime Credit Market, Licenses Nine Local Fintechs
by admin
President Tinubu directive to the FCCPC is set to end Optasia’s monopoly and open a massive digital lending market to Nigerian-owned companies for the first time. DATE: June 7, 2026…
The Chartered Institute of Bankers of Nigeria (CIBN) has highlighted the significant impact of government policies such as the removal of fuel subsidies and the floating of the Naira on…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the country’s technical crude oil production potential now stands at 2.24 million barrels per day (bpd). Speaking at the 2025…
Business
Debt Service Jumps from N8 Trillion to N16 Trillion in 2025 – Expert Warns Tinubu of Fiscal Danger
by Joshua Ezim
Nigeria’s debt service is set to double in 2025. The country’s debt obligations will rise from N8 trillion to N16 trillion. This sharp increase is raising alarm among financial experts.…
Nigeria’s imported food inflation reached a staggering 42.29% in November 2024, according to the latest Consumer Price Index report from the National Bureau of Statistics. This sharp rise reflects a…
Unilever Nigeria Plc has reaffirmed its commitment to road safety and operational excellence by hosting a two-daysTransporters Safety Week under the theme: Pressure Dey, No Panic Safety First. The event, held…
The Nigerian economy is expected to grow by 3.5% in 2025, showing a slight improvement from the projected 3.2% growth in 2024. This forecast, detailed in the latest NESG-Stanbic IBTC…