Economy

The Federal Government has reaffirmed its commitment to building a transparent, accountable, and citizen-focused tax administration system as part of President Bola Tinubu’s Renewed Hope Agenda aimed at strengthening economic growth, improving revenue generation, and enhancing public trust in governance. The commitment was reiterated by the Minister of Information and National Orientation, Mohammed Idris, during […]

The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Mr Wole Ogunsanya, has called on the Nigerian National Petroleum Company Limited (NNPC) and other oil producers in the country to urgently develop markets for Nigerian crude outside the Organisation of Petroleum Exporting Countries (OPEC) quota system. Ogunsanya argued that this would enable the country

Pressure is building on the Central Bank of Nigeria (CBN) to resume monetary easing as businesses and households struggle with high borrowing costs, stubborn inflation, and weakening consumer demand ahead of the Monetary Policy Committee (MPC) meeting scheduled for Wednesday. Although inflation remains elevated, a growing number of Nigerians now favor lower interest rates, arguing

  Tether, the issuer of USD₮, the world’s largest stablecoin, has announced a strategic investment in LemFi as both companies move to accelerate stablecoin-powered financial services across emerging markets. The investment is aimed at deepening financial inclusion and expanding access to faster, more efficient borderless payment systems, particularly for underserved communities relying heavily on remittances

  Payaza Africa Limited has recorded another milestone in its growth trajectory after Agusto & Co. upgraded the company’s credit rating from BBB to A-. In a statement released on Monday, the fintech infrastructure company said the latest upgrade adds to a growing number of independent assessments recognising its strengthening position as one of Africa’s

  Yoweri Museveni has disclosed that he met with Aliko Dangote as discussions surrounding a proposed regional refinery project in East Africa continue to gain momentum. Museveni revealed the meeting in a post published on his official X account on Sunday, May 17, amid growing speculation that Dangote is considering the construction of another large-scale

  Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) ended the week mixed despite stronger investor participation, with total transaction value climbing to N1.18 billion from N1.11 billion recorded in the previous week. Data compiled from NGX trading activity showed that both transaction value and trading volume increased week-on-week, reflecting sustained market activity

  The Debt Management Office is auctioning N600 billion in reopened Federal Government bonds today, Monday, May 18, 2026, as the Federal Government continues to tap the domestic debt market amid elevated interest rate conditions. The bond auction comprises two previously issued Federal Government of Nigeria (FGN) instruments carrying coupon rates of 22.60% and 16.2499%,

  The Central Bank of Nigeria has launched the 4th Edition of its Foreign Exchange (FX) Manual as part of ongoing reforms aimed at improving transparency, liquidity, operational efficiency, and investor confidence in Nigeria’s foreign exchange market. The revised manual, unveiled in Abuja by Olayemi Cardoso, is scheduled to take effect from June 1, 2026,

  Leading Nigerian lender PremiumTrust Bank has partnered with Hallelujah Challenge Corporate Social Responsibility team to empower 13 entrepreneurs and small business owners with a total of N50 million in business grants as part of efforts to support grassroots enterprise development and community growth. The grant presentation ceremony, held at the Hallelujah Challenge Centre in