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Chappal Energies Secures $430 Million Financing to Refinance

Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.
Business

FCMB Wins Shareholder Backing for $274 Million Capital Raise

FCMB shareholders approved a major capital raise, strengthening buffers as Nigeria’s banking regulator tightens requirements ahead of 2026.
Business

Imported Petrol Landing Cost Drops to N900 Per Litre

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

In Five Years, FAAN Remits Over N218bn to Federation Account

For 2020 to 2024, FAAN remits over N218bn to Nigeria's Federation Account and N352.2m in stamp duty payments.
Business

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
News

The Tax Reform Bills Suggest A 55% Share of VAT To States

Senate passes tax bills that raise VAT share to states by 40%.
News

How Currency Devaluation Impacts Nigerians’ Everyday Lives

Currency devaluation impacts Nigerians through rising prices, reduced purchasing power, and economic challenges for businesses across Nigeria
News

CBN Strengthens Diaspora Ties to Boost Nigeria’s Economic Growth

CBN strengthens ties with the Nigerian diaspora, aiming to boost remittance flows and encourage investments that support Nigeria’s economic growth and stability
Business

Dangote Urges Government to End Fuel Subsidies Immediately

Aliko Dangote calls for an immediate end to fuel subsidies in Nigeria, explaining how it could reduce costs and stabilize the economy
News

Over 50 Nigerian Firms Shut Down Amid Economic Turmoil

Nigeria's manufacturing sector faces a severe crisis as over 50 firms shut down, leading to massive job losses. Industry leaders urge government intervention to prevent further economic decline.
Business

Nigeria’s Revenue Soars to N9.1 Trillion in First Half of 2024

Nigeria’s revenue hit N9.1 trillion in the first half of 2024, reflecting the government's strategic economic policies and improved tax collection.
News

FG Pleads for Patience Amid Nationwide Protest Plans

The Federal Government appeals for patience and postponement of the planned nationwide protest, citing ongoing efforts to address economic hardships.
News

Tinubu Pleads with Youths to Shelve Planned Protest

President Bola Tinubu urges Nigerian youths to reconsider their planned protest over the high cost of living, assuring them that their grievances are being addressed by the government.
News

Tinubu’s N100,000 Wage Blocked by Governors

The NLC Lagos Council criticizes the new N70,000 minimum wage as inadequate for Lagos workers, citing high living costs and governors' influence on the decision.
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Latest articles

Business

Chappal Energies Secures $430 Million Financing to Refinance

Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.
Business

FCMB Wins Shareholder Backing for $274 Million Capital Raise

FCMB shareholders approved a major capital raise, strengthening buffers as Nigeria’s banking regulator tightens requirements ahead of 2026.
News

Tinubu Declares “No Mercy,” Officially Designates Bandits as Terrorists

KEY POINTS President Bola Tinubu has declared a major policy shift, officially designating bandits...
News

Opposition Blasts Tinubu’s 2026 Budget as a Blueprint for Continued Hardship

KEY POINTS Nigeria's main opposition party, the PDP, has rejected President Tinubu's 2026 budget...

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