Markets in Asia were jolted on Wednesday, as investors pulled back from risky valuations and technology shares took the hardest hit. Traders in Tokyo and Seoul, in particular, sold aggressively — the former’s benchmark share index fell as much as…
In the bustling halls of Lagos on Tuesday, an important moment unfolded that signalled fresh promise for two dynamic nations. At the fourth edition of the Nigerian‑Indonesian Chamber of Commerce & Industry (NICCI) Investment and Trade Forum, the Federal Republic…
FG to Invest ₦12 Billion in Digital Economy Research for AI, Connectivity, and Skills The Federal Government (FG) of Nigeria has unveiled a major initiative to bolster its position in the global digital landscape, announcing plans to invest ₦12 billion…
NNPC Eyes $60 Billion Investment by 2030: Driving Africa’s Energy Transformation The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced an ambitious target: attracting between $30 billion and $60 billion in fresh capital by 2030. This massive investment drive…
The state-owned oil behemoth, Nigerian National Petroleum Corporation (NNPC), is undergoing a significant transformation. At the helm, its Chief Executive Officer, Bayo Ojulari, recently stated that the company has ramped up efforts to enhance transparency as it marches toward the…
Nigeria Tax Reform: 50 Exemptions for Low-Income Earners and SMEs from 2026 The Presidential Fiscal Policy and Tax Reforms Committee, led by Mr. Taiwo Oyedele, has unveiled a comprehensive package of 50 tax exemptions and reliefs designed to significantly alleviate…
Fuel Import Duty Crisis: Analyzing the 15% Tariff and Marketers’ Price Hike Warnings The Federal Government’s decision to impose a 15% ad-valorem import duty on petrol (PMS) and diesel has ignited a fierce debate within Nigeria’s energy sector. While the…
Last week, President Bola Ahmed Tinubu approved the implementation of a fresh 15 % import duty on petrol (fuel) and diesel. Nigerians will be forced to bear the burden when the policy goes into full effect in the upcoming weeks…
Naira’s Strongest Month Since January: FX Recovery and $43.17B Reserve Growth The Nigerian Naira (₦) closed October 2025 at ₦1,427.5 per U.S. dollar in the official market, marking its best monthly performance since January. This strong showing represents a significant…
Champion Breweries 9M 2025: Analyzing 1,661% Profit Growth Despite Q3 Loss Join our WhatsApp Community Champion Breweries Plc has delivered a striking performance for the nine months ended September 30, 2025, recording a pre-tax profit of ₦3.14 billion. This figure…
Zenith Bank 9M 2025: Analyzing N917.4B Profit, Interest Income Surge, and PAT Decline. Join our WhatsApp group Zenith Bank Plc has delivered a powerful yet complex set of financial results for the nine months ended September 30, 2025. While the…
Fuel Price Surge: New 15% Import Duty and NNPCL’s Last-Ditch Refinery Review Nigeria is facing another potential hike in fuel prices following the recent approval of a 15% ad-valorem import duty on Premium Motor Spirit (PMS), or petrol, and diesel.…
NNPCL Refineries: Why Nigeria Is Reassessing Viability After Billions Spent. Join our WhatsApp Community The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a critical shift in its long-troubled refinery strategy, initiating a detailed technical and commercial review of…
President Bola Tinubu’s request to borrow $2.35 billion to cover a portion of the 2025 budget deficit has been approved by the House of Representatives. Tinubu’s request to issue a $500 million debut sovereign sukuk in the international capital market…
CAP Plc Lifts Q3 2025 Profit to N1.17 Billion on Strong Paint Sales: Driving Growth in Nigeria’s Coatings Market. Join our WhatsApp Community Chemical and Allied Products Plc (CAP Plc), Nigeria’s leading paints and coatings manufacturer, has delivered an exceptional…
