Economy - Page 4

Dangote Cement Plc has announced board changes following its meeting held on July 25, 2025. The Board approved the appointment of Mr. Emmanuel Ikazoboh as the new Chairman, following the retirement of Mr. Aliko Dangote, GCON, as Director and Chairman of the

The House of Representatives Committee on Petroleum Resources (Downstream) has launched a probe into the issues affecting the nation’s downstream oil sector. Among other things, the committee is expected to probe the controversial turnaround maintenance of the country’s refineries, the acquisition of

The Chairman of the Senate Committee on Local Content, Senator Joel-Onowakpo Thomas, has demanded full compliance with Nigeria’s Local Content laws across both the oil and gas and non-oil sectors, warning that defaulters will face strict sanctions. Briefing journalists in Abuja on

Africa’s richest man and President of Dangote Group, Aliko Dangote says Nigeria and other African countries are increasingly becoming a destination for cheap and toxic petroleum products. According to him, many of which are blended to substandard levels that would not be

The Federal Government has restated plans to implement the National Single Window, an initiative of the Bola Tinubu administration to plug revenue leakages, enhance trade facilitation, and improve efficiency in international trade transactions. The Minister of Finance and Coordinating Minister of the

The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters. The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja this afternoon. The apex bank’s MPC

The Chairman of the National Assembly joint committee on Customs and Tariffs, Senator Isah Jibrin, has called for the immediate implementation of the 4 per cent Free-On-Board (FOB) charge as provided by law to further operations of the Nigeria Customs service. Speaking

Nigeria’s Gross Domestic Product (GDP) has been rebased from 80 trillion naira to 205 trillion naira. This is according to the Statistician General of the Federation, Adeyemi Adeniran. The figure, according to him, showed an increase of 41. 7 percent compared to

The Corporate Affairs Commission (CAC) has announced that its newly launched Artificial Intelligence (AI) business registration portal now processes more than 11,000 transactions daily. In a Sunday statement on its X handle, the Commission said while there were still challenges, it was