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Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

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  • 18th August 2026

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BudgIT urges FG not to dismiss US transparency report

Opinion

Naira holds steady at ₦1,350/$ in official FX market

Finance

Federal, states, LGs share ₦3.007trn July FAAC

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NAICOM revokes universal insurance licence over capital shortfall

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Policy and Regulations

UK regulator proposes rules to cut Apple, Google app fees

Britain’s competition regulator has proposed new rules that would allow app developers to direct users to alternative payment methods outside the app stores operated by Apple and Google, a move aimed at reducing commissions, boosting competition and lowering costs for consumers. The proposal, announced on Tuesday by the UK’s Competition and Markets Authority, forms part […]

Economy

How Tinubu’s reforms saved Nigeria from economic collapse — Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says President Bola Tinubu’s reforms prevented Nigeria’s economy from collapsing. Oyedele said this on Tuesday in Abuja during a plenary at the 2026 Nigeria Employers’ Summit organised by the Nigeria Employers’ Consultative Association (NECA). Oyedele, who spoke on the theme “The Reforms […]

Aviation

Expert faults Nigerian airlines ownership model, urges state-owned carrier

Global Chairman of Fairfax Africa Fund, a United States-based company, Mr Zemedeneh Negatu, Tuesday, faulted the ownership structure of Nigerian airlines, saying the industry’s dependence on sole proprietorship is unsustainable and inconsistent with the business models of successful aviation markets around the world. Negatu warned that Federal Government subsidies would not resolve the challenges facing […]

Electricity

Nigeria’s electricity consumers rose to 12.16 million In Q4 2025

The number of electricity consumers in Nigeria increased to 12.16 million in the fourth quarter of 2025, according to the latest Electricity Report released by the National Bureau of Statistics. The report, published on Tuesday, showed that electricity customers rose by 130,000, from 12.03 million recorded in the third quarter of 2025, representing a 1.11 […]

Opinion

First Lady defends akara, kuli-kuli business remarks

First lady, Senator Oluremi Tinubu, has defended her recent remarks about small-scale businesses, clarifying that the federal government’s economic empowerment programme is designed to support a wide range of petty traders and not only akara sellers. She made the clarification on Monday during the inauguration of the newly completed Abubakar Maje Haruna Hall at the […]

Banking

ICYMI: Providus, Unity banks begin operations after merger

Providus Bank and Unity Bank are set to commence operations as a single unified institution following the successful completion of their business combination and the conclusion of all required regulatory, shareholder, and judicial processes. A statement from the bank on Sunday stated that the newly formed entity, ProvidusUnity Bank, represents a consolidated banking institution positioned […]

Finance

Naira trades at ₦1379.80/$ at official FX market

The naira began trading at an official exchange rate of ₦1,379.80 per United States dollar at the Nigerian Foreign Exchange Market on Tuesday, June 30, 2026, according to the latest available market data. The latest figure indicates that the naira remained within the ₦1,370 to ₦1,380 range seen in recent sessions as market participants continued […]

featured Policy and Regulations

Customs agents demand suspension of green tax policy over poor consultation

The Association of Nigerian Licensed Customs Agents has called on the Federal Government to suspend the implementation of the Green Tax Policy, scheduled to take off from July 1st, 2026, citing inadequate stakeholder engagement by the implementing agency, the Nigeria Customs Service. The association argued that key stakeholders, particularly licensed customs agents and importers, who […]

Oil and Gas

IPMAN urges NNPCL to fast-track refinery deal with Chinese firms

Oil marketers under the Independent Petroleum Marketers Association of Nigeria have urged the Nigerian National Petroleum Company Limited to fast-track the proposed Technical Equity Partnership with two Chinese companies for the completion and operation of the Warri and Port Harcourt refineries. They expressed concern that the conclusion of the agreement with the Chinese firms is […]

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