Economy
NNPC, NUPRC Remit Over N322bn and $116.9m After Tinubu’s Executive Order 9 Reform
The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission have remitted over N322bn and $116.9m into the Federation Account...
Top FMCG Companies Face N1.96 Trillion Debt Burden Amid Economic Pressures
Analysis of the audited 2025 full year financial statements of leading Fast Moving Consumer Goods companies in Nigeria has revealed that the firms...
NECA Questions Fresh NNPCL Refinery Pact With Chinese Firms
The Nigeria Employers Consultative Association has expressed serious concerns over the recent Memorandum of Understanding signed between Nigerian National Petroleum Company Limited and...
Naira Trades Steady Against Dollar Amid Continued Forex Interventions
The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 11, 2026, across both the official...
PEBEC Begins Clean Up Exercise Along Lagos Port Corridors
The Presidential Enabling Business Environment Council has announced plans to begin a two day clean up and enforcement exercise along the Lagos port...
Nigeria Exports 80 Percent of Crude Oil Despite Rising Local Refinery Demand
Oil companies in Nigeria exported nearly 80 percent of the country’s crude oil production in the first quarter of 2026 despite increasing demand...
MAN Urges Lagos Government to Simplify Tax System for Manufacturers
The Manufacturers Association of Nigeria has urged the Lagos State Government to simplify its tax structure in order to support industrial growth, reduce...
Nigerian Hosting Firms Blame Power, Forex and Foreign Competition for Sector Challenges, Call for Government Support
The Chief Executive Officer of HoganHost and ZuumHost, Joseph Hogan, has raised concerns over the rising threat of illegal websites, cybercrime, and structural...
Lagos to End Electricity Subsidy as State Moves Toward Full Cost Tariff System
Electricity consumers in Lagos State may soon face higher tariffs as the government has announced that there will be no subsidy under its...
Nigeria Oil Producers Offer 58.8 Million Barrels to Local Refineries as Domestic Supply Obligation Exceeds Target
Oil producers in Nigeria have supplied about 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, surpassing...
