Economy

An energy policy expert, Samuel Caulcrick, has cautioned that any move by the Federal Government to reintroduce petroleum subsidies through crude supply to local refineries could trigger a resurgence of cross-border fuel smuggling and undermine recent gains from deregulation. Speaking in Lagos, Caulcrick said such interventions, though aimed at easing domestic fuel costs, could end […]

  Dangote Petroleum Refinery and Petrochemicals Limited has dismissed reports of an increase in the ex-depot price of Premium Motor Spirit (PMS), stating that its pricing remains unchanged. The clarification follows circulating reports suggesting that the refinery had raised the ex-depot price of petrol to ₦1,350 per litre from ₦1,275, a move that would have

  Sundry Markets Limited has hosted its MSME fair, Retail Ready 1.0, aimed at empowering and supporting micro, small and medium enterprises (MSMEs) operating within Nigeria’s retail value chain, with business grants worth ₦10 million awarded to outstanding participants. The event brought together key stakeholders across the country’s business ecosystem, including the Bank of Industry

  The Lagos State Signage and Advertisement Agency (LASAA) has unveiled a digital directory for practitioners and billboard assets, alongside the LASAA One App, in a move aimed at streamlining advertising operations across the state. Speaking at the launch in Lagos, the agency’s Managing Director, Fatiu Akiolu, said the initiative introduces a digital framework to

Concerns are mounting over the Federal Government’s commitment to transparency following its failure to make public details of the 2026 Appropriation Act weeks after it was signed into law. President Bola Ahmed Tinubu assented to the budget on April 17, but more than 20 days later, the full breakdown of the document remains unavailable to

  Retirees under the Lagos State Pension Commission have received a total payout of ₦1.13 billion, as the Lagos State Government continues to strengthen its pension reform programme. The disbursement, which benefited 668 former public servants, was announced during the 114th Batch Retirement Bond Certificate Presentation Ceremony held in Lagos over the weekend. Director-General of

  Nigeria’s equities market recorded one of its strongest starts in recent years, with investors gaining a total of ₦56.62 trillion in market value within the first four months of 2026, driven by broad-based buying across key sectors. Data from the Nigerian Exchange Limited showed that total market capitalisation rose from ₦99.376 trillion at the

  The Tax Ombud and Chief Executive of the Office of the Tax Ombud, John Nwabueze, has highlighted the critical role of the media in advancing ongoing fiscal reforms under Bola Ahmed Tinubu, urging journalists to intensify public education on taxpayer rights and dispute resolution mechanisms. Speaking during an engagement with business editors in Lagos,

  Analysts at Cowry Asset Management Limited have raised concerns over Nigeria’s near-term economic outlook following fresh signs of weakening demand and slowing business activity across key sectors. In its latest assessment of April 2026 data from the Central Bank of Nigeria, the firm noted that the composite Purchasing Managers’ Index (PMI) declined to 49.4