Business

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

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Manufacturers’ confidence rebounded in Q2 despite operating challenges —

Business

Naira holds steady at ₦1,368/$ in official FX market

Finance

Firms expect borrowing costs to ease in coming months

Business featured

Freight agents, Customs clash over Single Window rollout

featured Policy and Regulations

Blog

CBN restricts daily limit of POS transactions to N100,000
Business featured

CAC threatens shutdown of unregistered PoS operators from Jan 1

The Corporate Affairs Commission has announced that all unregistered Point of Sale operators will be shut down starting from January 1, 2026. Furthermore, the Commission stated that financial technology firms found to be enabling illegal activities are currently on its watchlist. The CAC made this announcement in a statement released on Saturday, where it described […]

Chevron, Tethys partner to produce local lubricants
Business

Chevron confirms participation in Nigeria’s 2026 oil licensing round

Chevron announced on Friday that it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it actively seeks to expand its operations in Africa’s top energy producer. Jim Swartz, the chairman and managing director of Chevron Nigeria/Mid-Africa Business Unit, conveyed this commitment. Swartz stated that […]

Finance

PenCom recovers N32.27bn from pension defaulting employers

The National Pension Commission has announced that it has recovered a cumulative total of ₦32.27 billion from defaulting employers between June 2012 and September 2025. This significant recovery is a result of the Commission intensifying its nationwide enforcement campaign aimed at curbing persistent breaches of the Pension Reform Act 2014. Omolola Oloworaran, the Director General […]

New SEC regulation to enhance transparency in bank recapitalization
Finance

NGX, SEC earn billions despite worst-ever N6.5tr investor loss

The Nigerian Stock Exchange and the Securities and Exchange Commission each earned a total commission fee exceeding N1.45 billion in November 2025. This strong performance was primarily driven by high trading volumes recorded across equities, Exchange Traded Products, and bonds throughout the month. Investors were notably active in various sectors, which contributed to a robust […]

Economy

Nigeria, Russia seek to revive stalled economic cooperation

Russia’s Ambassador to Nigeria, Andrey Podelyshev, has expressed his country’s commitment to reviving economic cooperation with Nigeria after over a decade of stagnation in the bilateral economic relation. Consequently, he stated that Nigeria and Russia are working to revitalize the Intergovernmental Commission on Economic Cooperation to fast-track bilateral projects between both countries. Podelyshev made these […]

News

Canada removes Syria from list of states aiding terrorism

Canada on Friday, December 5, removed Syria from its list of states that support terrorism and revoked Hayat Tahrir al-Sham’s designation as a “terrorist entity,” joining a list of countries to ease sanctions on Damascus. The moves come after HTS ousted former Syrian leader Bashar al-Assad last December and took control of the government. Syria’s […]

featured Maritime

Ship owners lament 2,300 security breaches at Nigerian ports in 2025

The Shipping Association of Nigeria has raised concerns over the persistent incidence of stowaways at Nigerian port berths, revealing that vessels recorded about 2,300 security infractions in 2025. However, the Nigerian Immigration Service has dismissed the association’s figures, stating that the numbers were not accurate. Speaking to newsmen in Lagos, the association’s chairman, Boma Alabi, […]

featured Investment

ECOWAS secures €18m French funding for regional livestock projects

The Economic Community of West African States Commission has received €18 million in financial support from the French Development Agency to implement two flagship regional projects for the agricultural sector. These projects form part of the implementation of the Regional Agricultural Policy and the regional strategy for livestock development and securing pastoral systems in West […]

Investment

Putin pledges uninterrupted fuel supply to India despite US pressure

Russian President Vladimir Putin has declared that Moscow is ready to provide “uninterrupted shipments” of fuel to India, as Delhi continues to face mounting pressure from the United States to cease purchasing Russian oil. Speaking alongside Indian Prime Minister Narendra Modi in Delhi, Putin questioned why India should be punished for buying oil when the […]

Energy

FG’s CNG initiative attracts $2bn private sector investment

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles has announced that it has successfully attracted more than $2 billion in private-sector investments into the country’s CNG subsector, with a target of hitting $5 billion by 2027. Ismaeel Ahmed, the Executive Chairman/CEO of PiCNG, disclosed this information on Friday in Abuja during the unveiling […]

Oil and Gas

Nigeria’s oil output to hit 1.73mbpd in 2026 — Report

BMI, a Fitch Solutions company, has projected that Nigeria’s oil production is expected to record a modest uptick in 2026, to be buoyed by a combination of infrastructure improvements and incremental field output. According to BusinessDay, this projection by BMI was titled “Rebound in domestic demand will drive Nigerian economy in 2026.” The firm forecasts […]

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