Manufacturing sector contributes N1.17 trillion in VAT revenue as Nigeria’s economy shifts. The manufacturing sector remains a vital pillar for Nigeria. Recent data from the National Bureau of Statistics (NBS) confirms this. In 2025, the sector generated N1.17 trillion in…
The Trade Union of Nigeria(TUC), has warned that petrol (PMS) price hit N2,000 per litre if urgent measures are not put in place to cushion the impact of rising global crude prices and the depreciating naira. In an interview on…
Naira strengthens to N1,365 as global dollar pressure eases The Nigerian financial market is currently witnessing a welcome shift as the local currency shows renewed strength against the US dollar. On Thursday, the naira appreciated to N1,365 at the official…
The Gulf Crisis and Nigeria’s fiscal moment of truth The global energy market is currently standing on a knife’s edge, and for Nigeria, the stakes have never been higher. What began as a localized tension in the Gulf has rapidly…
Unilever Nigeria Plc has revealed that its parent company, Unilever Plc, plans to merge its global food business segment to McCormick & Company, Inc.</h5> The company said it is evaluating the effects of the proposed merger in a statement submitted…
SCOA Nigeria’s debt jumps 115.2% to N12.017 billion as 2025 financial results reveal high leverage Managing a conglomerate in the Nigerian market is no small feat, especially when the economic climate demands a careful balance between growth and financial stability.…
Telecom theft surges as 656 generators and batteries are stolen from sites in 2025 The heartbeat of Nigeria’s digital economy is under a quiet but relentless siege. According to the latest data from the Nigerian Communications Commission (NCC), telecommunications operators…
Dangote Refinery reverses fuel price hike as global oil markets cool down The Nigerian energy landscape witnessed a dramatic “tug-of-war” over the last twenty-four hours, leaving many marketers and consumers on edge. Just hours after signaling a significant increase in…
AI governance in Nigerian organizations: Why boards must sit up before technology takes over In the Nigerian corporate world, we often talk about “digital transformation” as if it is a destination we will eventually reach. But the truth is that…
Naira drops to N1,389 as Central Bank’s foreign reserves dip by $850 million The Nigerian financial market is currently witnessing a significant shift as the naira experienced a dip, closing at N1,389 against the US dollar. This latest movement in…
The Dangote Petroleum Refinery has raised the gantry price of fuel and diesel once more, putting more strain on Nigerian consumers and companies. Dangote changed its pricing in reaction to current global benchmarks for crude oil and market conditions, according…
Nigeria’s Dangote refinery has increased petrol and urea exports to African nations affected by the Iran War’s supply shortages. Aliko Dangote on Monday said that the 650,000-barrels-per-day refinery had helped cushion the full impact of the crisis both in Nigeria…
Forex traders point to election spending and FX demand as Nigeria’s foreign reserves drop by $850 million Navigating the waters of Nigeria’s foreign exchange market has always been a task for the brave, and recent data suggests the tide is…
FG raises 2026 borrowing plan to N29.20 trillion as fiscal deficit widens The economic realities facing Nigeria have taken a major turn as the Federal Government has significantly revised its borrowing target for the 2026 fiscal year to N29.20 trillion.…
Amid liquidity challenges and struggle currently plaguing the power sector and across the value chain, President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme. The debt payback…
