CBN Announces Major Reforms to Nigeria’s Cash Policy
ABUJA, Nigeria – The Central Bank of Nigeria introduces sweeping reforms to its cash management policy, removing deposit limits and raising withdrawal ceilings to…
Business and Economy
NUPRC Launches $10bn Digital Oil Licensing Portal
ABUJA, Nigeria – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched a digital portal for its 2025 Licensing Round, targeting $10 billion in…
Lagos Tops Nigeria’s Rising Public Debt List
LAGOS, Nigeria – Nigeria’s public debt surged to N152.39 trillion in Q2 2025, with Lagos State topping the domestic debt list at N1.04 trillion,…
Nigerian Businesses Oppose Excise Duty Hike
ABUJA, Nigeria – Nigerian business leaders have opposed a Senate proposal to increase excise duties, warning it could trigger price spikes and job losses…
Dangote Refinery to supply 50m litres of petrol daily
ABUJA, Nigeria – The Dangote Petroleum Refinery has announced that it will begin supplying 50 million litres of Premium Motor Spirit (PMS) daily to…
Foreign Investment Surges as Nigeria Records $20.98bn Inflows – Cardoso
LAGOS, Nigeria – Foreign capital inflows into Nigeria surged to $20.98 billion in the first ten months of 2025, signalling renewed investor confidence driven…
FG Seeks Arab Investment in Nigeria’s Agro-Processing, Manufacturing to Boost $37bn Trade Outlook
ABUJA, Nigeria – The Federal Government has urged Arab nations to transition from exporting raw commodities to Nigeria and instead partner in agro-processing and…
FG Enforces 30% Processing Rule for Mineral Exports
ABUJA, Nigeria – The Federal Government has issued a firm directive banning the export of Nigeria’s raw mineral resources, insisting that all extractive products…
Tinubu Launches Nationwide Committee to Drive Tax Reforms
ABUJA, Nigeria – President Bola Tinubu today inaugurates a high-level National Tax Policy Implementation Committee to steer the nationwide rollout of Nigeria’s newly enacted…
Google Pledges N3bn to Boost Nigeria’s AI Future
LAGOS, Nigeria – Google, through its philanthropic arm Google.org, pledges N3 billion to accelerate Nigeria’s digital transformation, with a strong emphasis on Artificial Intelligence…