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Otti backs plan to expand insurance access in Abia

Abia State Governor Alex Otti has backed a plan to deepen insurance penetration, commending registered insurance brokers for engaging the public and pledging wider participation.
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FG scraps three-month pre-retirement leave for civil servants

The Federal Government has directed agencies to stop placing civil servants on a mandatory three-month pre-retirement leave, saying the practice has no legal basis.
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Dangote To Double Refinery Output To 1.4 Million Barrels Daily

Dangote plans to double his Lagos refinery output to 1.4 million barrels daily to boost Africa’s energy supply.
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IMF Warns Nigeria on Rising Debt, Oil Risks Despite Reform Progress

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.
Business

Presco Profit Doubles on Strong Palm Oil Demand

Presco Plc reported over 100 percent profit growth in nine months, driven by strong palm oil demand, higher output, and improved efficiency.
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Nigeria’s Raw Material Imports Hit N3.53trn in First Half of 2025

Nigeria’s raw material imports rose by 19.7% to N3.53 trillion in H1 2025, highlighting structural weaknesses and the failure of the country’s import substitution policy, according to industry experts.
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Nigeria Losing Billions to Illicit Financial Flows, Says IMF

The IMF says illicit financial flows are worsening Nigeria’s revenue crisis as it pledges renewed support to track illegal fund movements.
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IMF Lifts Nigeria’s 2025 Growth Outlook to 3.9%

IMF raises Nigeria economic growth forecast 2025 to 3.9 percent, driven by stronger fundamentals, investor confidence, and fiscal reforms.
Business

Peter Obi Slams “Inhumane” Demolitions, Urges Government

Peter Obi condemns inhumane demolitions across Nigeria, warning they worsen poverty and threaten the economic stability of millions.
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Foreign Firms Corner Nigeria’s N4.8trn Non-Oil Export Boom

Local exporters lament losing out in Nigeria’s non-oil export boom as foreign investors dominate the sector amid weak funding and policy hurdles.
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Oyedele: 98% of Nigerians to Get Tax Cut or Exemption by 2026

About 98 percent of Nigerians will enjoy reduced or no tax under the new fiscal reform expected to take effect in January 2026.
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Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.
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Tinubu Moves to Borrow $2.3bn, Float $500m Sukuk for 2025

Tinubu seeks NASS approval for $2.3bn external borrowing and $500m Sukuk to fund 2025 budget and refinance Eurobond.
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Naira Gains to N1,480 per Dollar on Parallel Market

The naira rises to N1,480 per dollar in the parallel market as CBN reforms improve liquidity and restore trader confidence.
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Otti backs plan to expand insurance access in Abia

Abia State Governor Alex Otti has backed a plan to deepen insurance penetration, commending registered insurance brokers for engaging the public and pledging wider participation.
News

FG scraps three-month pre-retirement leave for civil servants

The Federal Government has directed agencies to stop placing civil servants on a mandatory three-month pre-retirement leave, saying the practice has no legal basis.
Business

CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.
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Nigeria and Liberia move to deepen maritime cooperation and capacity building

NIMASA Director-General Dayo Mobereola and Liberia's honorary consul Dapo Akinosun have pledged to deepen maritime cooperation, capacity building and Blue Economy development across Africa.