President Bola Ahmed Tinubu on Tuesday announced that his administration had surpassed Nigeria’s 2025 revenue targets months ahead of schedule, assuring that the country would no longer rely on borrowing to finance government expenditure. Speaking at the State House in…
The Nigerian Electricity Regulatory Commission (NERC) has convened a meeting with state electricity regulators, distribution companies, and other key players in the power sector to tackle lingering disputes over tariff-setting powers and other transition challenges. The two-day session, which began…
The Federal Government has entered into a new Production Sharing Contract (PSC) with French energy giant TotalEnergies and its partner, South Atlantic Petroleum (Sapetro), for two deepwater blocks in the Niger Delta Basin. The agreement, brokered through the Nigerian Upstream…
Nigerian importers may face higher importation costs in the coming weeks following a fresh $500 surcharge introduced by French shipping company, CMA CGM, on cargo headed for Nigeria and other West African destinations. The global shipping giant, in a notice…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has named Mr. Andy Odeh and Mrs. Morenike Adewunmi to top leadership positions in its communications and public relations units. In a statement issued on Tuesday, the NNPC Ltd. management announced that…
A constitutional lawyer and strong advocate of economic restructuring, Prof. Maxwell Gidado, has warned that Nigeria faces a bleak economic future if it continues to rely heavily on crude oil as its primary revenue source. Speaking with journalists, Gidado stressed…
The Nigerian Economic Society (NES) and its partners have renewed their commitment to steering Nigeria toward economic transformation and greater financial stability. Speaking at a press conference in Abuja on Tuesday, President and Chairman of the NES Council, Professor Adeola…
The Minister of State for Industry, Trade and Investment, John Owan Enoh, says Nigeria must raise its Gross Domestic Product (GDP) growth rate from the current 3 percent to at least 7–8 percent if it is to achieve President Bola…
Nigeria’s foreign exchange reforms are beginning to yield results, with rising capital inflows, stronger reserves, and improving investor sentiment boosting confidence in the naira’s long-term stability. Analysts note that the Central Bank of Nigeria’s (CBN) market-driven policies, backed by fiscal…
Nigeria and Brazil have opened discussions aimed at deepening economic and financial cooperation, with a focus on payment systems, fintech, and mobile money growth. The talks, held in Brasília, brought together the Governor of the Central Bank of Nigeria (CBN),…
Former Jigawa State Governor and chieftain of the Peoples Democratic Party (PDP), Sule Lamido, has blamed the All Progressives Congress (APC) for Nigeria’s worsening economic situation, accusing the ruling party of deepening poverty and hardship across the country. Speaking at…
A tax expert, Uzoma Kelechi, has said the recently enacted Tax Reform Act will enhance investment and promote fairness in Nigeria’s tax system. Kelechi made this known during a capacity-building workshop organised by the Tax Justice and Governance Platform, Federal…
Colombian Vice President, Mrs. Francia Márquez, arrived in Abuja on Saturday for a three-day official visit aimed at strengthening diplomatic and economic cooperation between Nigeria and Colombia. Márquez, accompanied by her husband, Mr. Rafael Yerney Pinillo Ocoró, was received at…
The Nigerian Ports Authority (NPA) has unveiled plans to revive Delta Ports as part of its strategy to decongest Lagos ports and stimulate economic growth. Chairman of the NPA Board, Senator Adedayo Adeyeye, disclosed this during a four-day working visit…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has disclosed that the company is facing sustained attacks from individuals opposed to its ongoing reforms. Ojulari made the remark during a…