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Transportation

Low duties, durability boost Toyota imports in Nigeria — Report

Low duty payments on imported smaller Toyota-branded vehicles, durability, and low maintenance costs have driven higher importation of the brand into Nigeria compared to other car brands, according to The PUNCH. Investigations show that vehicles from 2015 and older generally attract similar duty rates. However, Toyota models often end up cheaper overall when factoring in […]

featured Finance

Nigeria’s public debt hits ₦153.29tn amid rate cut

Economic watchers have said that Nigeria’s improving macroeconomic indicators, including a cautious 50-basis-point rate cut by the Central Bank of Nigeria, easing inflation, exchange rate stability, stronger external reserves, and sustained GDP expansion, are being overshadowed by a steadily rising public debt profile. According to the Debt Management Office, Nigeria’s total public debt rose to […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote Cement records historic ₦1.01tn profit in 2025

Dangote Cement has announced its audited results for the full year ended 31 December 2025. Profit after tax more than doubled, climbing 101.7 per cent to a record N1.01tn, translating to earnings per share of N59.86. According to the audited results filed with the Nigerian Exchange Limited, Africa’s largest cement producer said that the record […]

Business

QatarEnergy shuts LNG operations after Iranian strikes hit facilities

QatarEnergy has said it has stopped liquefied natural gas production after Iranian strikes hit key energy facilities. The state‑owned company announced on Monday that drone attacks on its Ras Laffan and Mesaieed Industrial City plants forced it to halt output of LNG and related products. Qatar’s Defense Ministry reported that two drones launched from Iran […]

Business

FG begins enforcement of executive order 9 on oil revenues

The Federal Government has begun implementing Executive Order 9 of 2026, which requires the direct remittance of oil revenues into the Federation Account Allocation Committee This follows the inaugural meeting of the executive order’s implementation committee on February 26, 2026. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in […]

Business

FG divides OPL 245 into four assets for Eni, Shell

The Federal Government has divided the controversial OPL 245 oil block into four separate assets to be operated by Eni and Shell, a move that could clear the path for development of the long-disputed field. A source familiar with the development said the restructuring may finally determine the future of the asset, which has been […]

Emirates to resume Nigerian flights Sept 11
Aviation

Airline shares plunge amid widespread Middle East cancellations

Travel chaos rippled across the Middle East and beyond on Monday, sending airline stocks plunging, as carriers across the Persian Gulf extended widespread flight suspensions, disrupting operations at some of the world’s busiest airports. Emirates, the world’s largest international airline, paused all flights to and from Dubai until 3 p.m. local time Tuesday, warning of […]

MTN Nigeria to build infrastructure for network platform
Business

MTN projects sharp profit turnaround with strong Nigerian, Ghanaian operations

Africa’s biggest mobile network operator, MTN Group Ltd., has forecast that its full-year earnings will more than quadruple, driven by a strong rebound in its Nigerian and Ghanaian operations. Th telecoms giant announced this in a trading statement on Monday, projecting headline earnings per share of 10.62 to 11.68 rand for the 12 months ending […]

Business

NUPRC incorporates 155 host community trusts in Niger Delta

The Nigerian Upstream Petroleum Regulatory Commission has officially incorporated 155 Host Community Development Trusts (across oil-producing areas in the Niger Delta, advancing the implementation of the Petroleum Industry Act. NUPRC’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, revealed this during a town hall meeting with HCDTs and settlors in Rivers State, held at Voyage Hotel, Port Harcourt. […]

Investment

Investors gain record ₦17.6trn in Nigerian stock market February

The Nigerian stock market achieved a historic milestone in February 2026 as investors recorded a massive gain of N17.6 trillion, marking the highest monthly gain ever in the history of the Nigerian capital market. This surge pushed the Nigerian Exchange Limited market capitalisation significantly higher, rising from N106.153 trillion at the end of January to […]

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