Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari has said that Nigeria must move beyond simply showcasing its vast gas reserves to addressing deeper structural challenges, execution capacity, infrastructure gaps, and human capital development…
The Nigeria Labour Congress (NLC) has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to suspend its plan to raise salaries for political office holders, describing the proposal as “insensitive, unjust, and inequitable.” In a statement on Sunday, NLC…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has unveiled new measures to tackle fuel pump manipulation and other sharp practices at filling stations. Chairman of the Enugu unit, Chinedu Anyaso, disclosed this in Enugu on Sunday after the association’s…
The Federal Government has approved Nigeria’s Medium-Term Debt Management Strategy (MTDS) for 2024–2027, a framework aimed at promoting debt sustainability, strengthening fiscal stability, and further developing the domestic securities market. The Debt Management Office (DMO) announced the approval in a…
Air Peace has taken delivery of another Boeing 777 aircraft, reinforcing its capacity to drive Nigeria’s presence on the global aviation map. The wide-body Boeing 777-200 ER, registered 5N-CEG was received over the weekend in Lagos. The aircraft, which arrived…
Nigeria’s foreign exchange reserves rose to $41 billion on Tuesday, their highest level in 44 months, according to figures released by the Central Bank of Nigeria (CBN). The reserves are now sufficient to cover around 10 months of imports, marking…
The Nigerian National Petroleum Company Limited (NNPC) and several upstream gas producers yesterday signed long-term Gas Supply Agreements (GSAs) with Nigeria Liquefied Natural Gas Limited (NLNG) for the supply of 1.29 billion standard cubic feet per day (bscf/d) of feed…
In a bitter irony of fate, the same man who declared that “we cannot continue to tax poverty” has overseen a tidal wave of taxes and levies pushing Nigeria further into the abyss of pauperisation. Taxes should be tools of…
President Bola Tinubu has unveiled a new Personal Income Tax calculator to help Nigerians estimate their tax obligations under the fiscal reforms recently signed into law by his administration. Announcing the tool in a post on his official X handle…
The Economic and Financial Crimes Commission (EFCC) has declared businessman Bashir Haske, son-in-law to former Vice President Atiku Abubakar, wanted over allegations of criminal conspiracy and money laundering. In a statement by its Head of Media and Publicity, Dele Oyewale,…
The Nigerian Economic Summit Group (NESG) has flagged the country’s infrastructure gap as a major obstacle to economic growth, warning that it hampers productivity and deters investment. The concern comes ahead of the 31st Nigerian Economic Summit (NES #31), scheduled…
The Debt Management Office (DMO) has unveiled plans to raise N200 billion through the issuance of savings bonds, with the auction scheduled for Monday and settlement set for Wednesday. According to details released on its website, the offer includes a…
Finance Minister and Coordinating Minister of the Economy, Wale Edun, met on Tuesday with Central Bank Governor Olayemi Cardoso and FIRS Chairman Dr. Zacch Adedeji to align fiscal and monetary policies. The high-level meeting, held at the CBN headquarters in…
Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced plans to replicate the Lekki Deep Seaport model across the country’s maritime sector, describing it as a benchmark for growth and transformation. Speaking at the Nigerian Chamber of Shipping…
AFG Aviation Ireland Limited, a global leader in aircraft leasing and asset management, has finalized the lease of two Bombardier CRJ1000 regional jets to Cally Air, the Cross River State backed airline in Nigeria. The aircraft, bearing Manufacturer Serial Numbers…