Business

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

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Nigeria records 13-month run without imported aviation fuel

Aviation

Banks maximum lending rate falls to 33.16% in June

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Senate replaces outdated insurance law with new regulatory framework

Business

New Zealand hotels booked two years ahead of total

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Business

PenCom, NURTW move to enrol nine million transport workers

The National Pension Commission and the National Union of Road Transport Workers have commenced talks on a partnership to bring an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension Scheme. The development was disclosed in a statement issued by PenCom on Wednesday after the NURTW National President, Musiliu Akinsanya, […]

Maritime

Truck owners upgrade database to boost maritime haulage transparency

The Association of Maritime Truck Owners has upgraded its Members Web Application Database as part of efforts to strengthen professionalism, transparency, and operational efficiency within the maritime haulage sector particularly in Lagos ports. AMATO disclosed that the latest round of improvements was carried out entirely by its in-house technical team without the involvement of external […]

Telecommunications

Telcos dismiss fears NCC’s MTR review will raise tariffs

Telecommunications operators in Nigeria has dismissed notions that the recent attempt by the Nigerian Communications Commission to commission a cost-based study to determine fresh mobile termination rates, will lead to increase in telecom tariffs in the country. The telcos said such assumptions would only wrongly preempt the outcome of the market study and throw the […]

Business

Dunamis terminal denies responsibility for Ago palace gridlock

Officials of Dunamis Inland Terminal have distanced the facility from the recurring gridlock along Ago Palace Way, insisting that the congestion is largely caused by the poor condition of the road and seasonal rainfall rather than truck operations linked to the terminal. Vanguard reported that the clarification comes on the heels of a recent return […]

Business

FG ends mandatory stamp duty deductions by MDAs

The Federal Government has directed all Ministries, Departments and Agencies to immediately stop deducting the one per cent stamp duty previously charged on payments to contractors, vendors, suppliers and service providers, in line with the provisions of the Nigeria Tax Act 2025. The directive was conveyed in a Federal Treasury Circular dated June 15, 2026, […]

Business

New NIA chairman unveils blueprint for insurance sector growth

The incoming Chairman of the Nigerian Insurers Association, Mrs. Ebelechukwu Nwachukwu, has unveiled a strategic blueprint anchored on collaboration, public trust, and regulatory compliance. Vanguard reported that speaking at a pre-investiture press conference in Lagos on Wednesday, Nwachukwu who is the Managing Director of REX Insurance Company Limited said that she also targets transitioning insurance […]

Business

Nigeria’s crude oil output could reach 1.9mbpd – NUPRC

Nigeria’s crude oil production has the potential to increase to 1.9 million barrels per day in the near term, following recent gains in output, according to the Nigerian Upstream Petroleum Regulatory Commission. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, made this known on Wednesday during a meeting with the Chairman of the Nigeria […]

Economy

Nigeria’s current account surplus hit $4.98bn in Q1 — CBN

The Central Bank of Nigeria on Wednesday said the nation’s current account surplus grew year-on-year by 46 per cent to $4.98 billion in the first quarter of 2026. The apex bank disclosed this in its Balance of Payments report for Q1’26 noting that the current account surplus also grew quarter-on-quarter by 255.7 per cent from […]

Business

Nigeria, US exports help ease global jet fuel shortage

Fears of a jet fuel shortage ahead of the peak summer travel season have eased as increased refinery output and stronger exports from countries such as Nigeria help stabilize global aviation fuel supplies. According to the International Energy Agency in its June 17, 2026 report, higher production from refineries in the United States and Europe, […]

Business

FG rules out new taxes on telecom, petroleum products

The Federal Government has dismissed reports suggesting it plans to impose new taxes on telecommunications services and petroleum products, despite recommendations contained in the International Monetary Fund’s Article IV Consultation Report on Nigeria. The clarification was provided by the Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister […]

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Diezani Alison-Madueke acquitted of all bribery charges in UK

Former Minister of Petroleum Resources, Diezani Alison-Madueke, has been cleared of all six bribery charges filed against her by UK prosecutors, concluding a closely watched corruption trial in London. A jury at Southwark Crown Court on Wednesday found Alison-Madueke not guilty on five counts of accepting bribes and one count of conspiracy to commit bribery […]

Investment

Investors lose ₦782bn as NGX extends losses

Trading on the Nigerian stock market extended its negative trend on Tuesday, with investors losing N782 billion, marking the third consecutive trading session of losses. The decline was driven by broad-based profit-taking, with losses recorded across insurance, banking, consumer goods, industrial and technology stocks. The market capitalisation depreciated by 0.50 per cent to N155.203 trillion […]

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