The World Bank and the International Monetary Fund (IMF) yesterday urged decisive measures to further reduce inflation in order to translate economic gains into tangible improvements in household welfare. The global lenders and development partners admitted that macro-economic gains are being recorded on the strength of reforms but declared th...
•Securities and Exchange Commission headquarters, Abuja The Securities and Exchange Commission (SEC) has announced increased minimum capital requirements for all capital market operators (CMOs) to enhance market resilience and investor protection. Under the new policy, tier 2 issuing houses with underwriting must now have a capital base of N7 ...
•Loading bay at Dangote Refinery As fuel prices, foreign exchange and economic stability dominate conversations among Nigerians at home and abroad, Dangote Petroleum Refinery Plc says it has achieved daily offtake of 50 million litres of Premium Motor Spirit (PMS), marking a major milestone for Nigeria’s downstream petroleum sector. As fuel pr...
Nigeria’s headline inflation rate rose to 15.15 per cent in December 2025, reflecting a moderation in price pressures compared with the previous month, the National Bureau of Statistics (NBS) has said. The Statistician-General of the Federation and Chief Executive Officer of the NBS, Prince Adeyemi Adeniran, disclosed this today in Abuja while...
The Lagos State Internal Revenue Service (LIRS) has reiterated the statutory deadline of January 31, 2026 for all employers of labour in Lagos State to fulfil their statutory obligation to file their annual tax returns for the 2025 financial year. In a statement issued today, the Executive Chairman of LIRS, Dr Ayodele Subair, reminded employer...
The federal government has halted the issuance of guidelines for the implementation of the new tax laws, citing uncertainty over the final version, Taiwo Oyedele, Chairman, Presidential Tax Reform Committee, has revealed. He said he had told the Nigeria Revenue Service (NRS) and the Joint Revenue Board (JRB) to wait because guidelines on the i...
•Powerplant Geregu Nigeria’s power generation capacity remained significantly underutilised in December 2025, with grid-connected plants operating at just 38 per cent availability. The development, which shows persistent structural weaknesses in the country’s electricity value chain after years of reform, comes at a time when the country is im...
•Naira notes Nigeria’s Federation Account recorded its highest quarterly disbursement in the third quarter of 2025, with a total of N6 trillion shared among the three tiers of government, according to the Nigerian Extractive Industries Transparency Initiative (NEITI). The figures, released in NEITI’s Quarterly Review for Q3 2025, showed a 55.6...
•Cotton farmers Nigeria’s cotton, textile and garment (CTG) sector remained under severe strain in 2025, with stakeholders warnÂing that without urgent, coordinated and long-term reforms, one of the country’s most job-rich industries risk further deÂcline despite its proven capacity to drive industrialisation, conserve foreign exÂchange and su...
•Comptroller General of Nigeria Customs Service (NCS), Bashir Adewale Adeniyi The Nigeria Customs Service (NCS) has released a new Standard Operating Procedure (SOP), aimed at regulating courier companies operating under the Delivered Duty Paid (DDP) Incoterm. Disclosing this in a statement, NCS Spokesman Abdullahi Maiwada, said the initiative...
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