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Iran sets conditions for reopening Strait of Hormuz

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SERAP urges Tinubu, Atiku, Obi, others to publish assets

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Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO

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NDLEA warns parents over cannabis-laced cookies, gummies smuggled into

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Economy

Nigeria needs 21.9% growth for $1trn economy – Report

Nigeria would require a minimum annual growth rate of 21.9 per cent at an exchange rate of N1,500/$ or a stronger exchange rate at a slower growth rate to attain a $1 trillion economy valuation by 2031, Afrinvest West Africa Limited has predicted. Afrinvest projected this in its 20th Nigeria Banking Sector Report 2025 entitled, […]

featured Finance

Nigerian stock market rebounds with N986bn weekly gain

The Nigerian stock market rebounded last week, as investors’ portfolio value increased by over N986 billion in the five trading days. A major performance indicator, Nigerian Exchange Limited, NGX All Share Index, ASI closed higher, Week on Week, WoW, in four of the five trading sessions, thereby ending a four-week losing streak. The renewed positive […]

Oil and Gas

Oil prices rise as drone attacks hit Russian refineries

Oil prices climbed further on Monday as markets weighed the impact of Ukrainian drone strikes on Russian refineries, which threaten to disrupt crude and fuel exports, while also tracking signs of rising United States fuel demand. Brent crude futures were up 36 cents, or 0.5 per cent, at $67.35 a barrel, while U.S. West Texas […]

TikTok removes more Universal Music songs as conflict worsens
Business

US, China resume trade talks as TikTok deadline looms

United States and Chinese officials will continue trade talks in Spain on Monday, with attention fixed on the looming deadline for ByteDance to divest TikTok or face a US ban. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are leading the negotiations, which represent the latest effort to ease trade frictions between Washington […]

Electricity

Power plants crippled by grid failures, mounting debts – GenCos

The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, has criticised threats to disconnect generation companies from the national grid, warning that unstable transmission and persistent market failures are damaging their plants and worsening financial losses. The GenCos are also demanding regulations to ensure prompt payment of their revenues by offtakers. […]

Lagos unveils plan to tax remote workers to generate N200bn
Housing

Lagos slashes minimum land size for estate development to 5,000sqm

The Lagos State Government has cut the minimum land size required for estate development from 10,000 square metres to 5,000 square metres. Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, announced the policy shift during the ministry’s maiden Quarterly Media Parley held at its Alausa conference room. He explained that the decision aligns […]

10 things to know about capital market investment
Business

e-Tranzact stock soars 45% after FIRS e-invoicing partnership

e-Tranzact International Plc surged by 45 per cent on the Nigerian Exchange within a week, rising from N10.30 on September 8 to N14.95 on September 12. The rally followed news that the Federal Inland Revenue Service had approved e-Tranzact as a certified provider for its nationwide e-invoicing rollout. Under the new tax compliance system, businesses […]

New SEC regulation to enhance transparency in bank recapitalization
Business

Nigeria to customize global sustainability framework – SEC DG

The Director General of the Securities and Exchange Commission, Emomotimi Agama, says Nigeria will adopt a customized approach to the international sustainability framework instead of applying a “copy-and-paste” model. He made the remark at an investors’ roundtable on the International Sustainability Standards Board over the weekend. The DG said the SEC is weighing a phased […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu orders nationwide training for all NIMC staff

President Bola Tinubu has directed the National Identity Management Commission to implement a nationwide training programme for its 3,780 employees, covering all staff levels. In a statement issued over the weekend in Abuja by Kayode Adegoke, NIMC’s Head of Corporate Communications, the initiative aligns with the President’s directive to strengthen capacity across Ministries, Departments, and […]

Banking

Your NIN is enough for banking, no separate TIN required — FIRS

The Federal Inland Revenue Service has dismissed claims that Nigerians must obtain a separate Tax Identification Number before they can own or operate a bank account, insisting that the new framework integrates seamlessly with existing national registries such as the National Identification Number and Corporate Affairs Commission records. This clarification comes amid widespread debate following […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

Dangote sells petrol N65 cheaper in Togo than Nigeria – Marketers

Some fuel importers in the country have alleged that the Dangote refinery sells a litre of petrol to international traders at N65 cheaper than the amount it gives the product to marketers in Nigeria. The Depot and Petroleum Product Marketers Association of Nigeria and the Petroleum Products Retail Outlet Owners Association of Nigeria confirmed this […]

Food

Nigeria targets 10m tonnes of bambara nut production in two years

Nigeria is on track for a historic leap in Bambara nut production, with output projected to soar from the current one million tons annually to 10 million tons within the next two years, the National Bambara Nut Producers, Processors, and Marketers Association of Nigeria has announced. The association, in a statement issued on Sunday, signed […]

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