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Ardova, Heyden Join Dangote Refinery to Ensure Affordable PMS for Nigerians
Propelled by the economic relief provided by President Bola Ahmed Tinubu's crude-for-naira swap initiative, two prominent players in Nigeria's…
27% Inflation Target Realistic, Tinubuโs 15% Aspirational โ Rewane
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has described President Bola Tinubuโs 15% inflation target for 2025 as โaspirationalโ and โbullishโ.
The economist stated this…
What to expect in 2025 as banks brace up for CBNโs recapitalisation
BY the end of the year, all commercial, merchant, and non-interest banks would have just…
Investors flock to govt debt as rates crowd out firms
Nigerian companies faced funding squeeze in 2024 as investors flocked to high-yielding government debt instruments.
According to data from FMDQ, the total number of company issuances in 2024 decreased to…
Farmers smile to the bank as onion price jumps 108%
โฆDemand from Ghana, Ivory Coast rising
โฆFestivities drive local purchases
โฆLow-yield seedlings stunt output growth
It is a happy time for onion farmers who have seen the price of their product jump by…
New Withholding Tax regime takes off
The Federal Government has kicked-off the implementation of the 2024 Withholding Tax Regulations.
The new regulations, approved in July last year and put into the gazette in October, took effect yesterday.…
2025: Subscribers reject fresh telecoms tariff hike in Nigeria
Telecommunications subscribers have vehemently rejected a proposed 40 per cent telecom service tariff hike in Nigeria expected to kick off in 2025.
The National Exco of the National Association of Telecoms…
With Godโs help, weโll reduce inflation from 34.6% to 15% in 2025 โ Tinubu
President Bola Tinubu has again said that his administration is focused on reducing inflation from 34.6 percent to 15 per cent by 2025.
Addressing Nigerians in a New Year Day broadcast, the president said the…
Investors made N22tr from Nigerian stock market in 2024 despite firmsโ exit
Amid rising insecurity and other macroeconomic challenges, the Nigerian equities market witnessed remarkable growth in 2024, returning N22 trillion gain to investors.
The Nigerian stock market, which started the…
Naira appreciates to N1,650/$ in parallel market
Yesterday, the Naira appreciated N1,650 per dollar in the parallel market, compared to N1,655 on Monday.
Similarly, the Naira appreciated to N1,535 per dollar in the official foreign exchange market.
Data…
NLC insists on withdrawal of Tax Reform Bills
The Nigeria Labour Congress, NLC, yesterday insisted on the withdrawal of the Tax Reform Bills forwarded by President Bola Tinubu to the National Assembly for passage to enable all key national stakeholders to be…
Illicit money will be taxed under new tax bill โ Taiwo Oyedele
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that illicit funds in Nigeria such as laundered money or proceeds of crimes will also be taxed under the controversial tax…
X to launch payment system in 2025
Linda Yaccarino, the chief executive officer (CEO) of X, formerly Twitter, has announced that the social media platform will launch a payment system called X Money in 2025.
In a statement on X on Tuesday, Yaccarino…
FG borrowings pushes money supply to N108.96tn โ CBN
The Central Bank of Nigeria (CBN) said that Nigeriaโs Broad Money Supply (M2) increased by 51% year-over-year (YoY) to N108.96 trillion in November 2024 as a result of the Federal Governmentโs increased borrowings.
The…
Ardova agrees bulk purchase framework with Dangote Refinery
Ardova Plc has agreed to a bulk purchase framework with Dangote Refinery. This is in a bid to guarantee supply security at affordable prices for its customers.
This framework will see Ardova Plc offtake a full…
FG targets 3m bpd crude oil production by 2025
Heineken Lokpobiri, minister of state for petroleum resources (oil), says the federal government has plans to achieve a target of three million barrels per day (bpd) in crude oil production by 2025.
Lokpobiri spoke on…
BREAKING: FirstBank exits 100 Senior Staff members in major reorganizational shakeup
FirstBank, the oldest bank in Nigeria and part of FBN Holdingsโ entities has exited close to 100 senior staff members in what our sources…
North-South Power, Axxela, and Stanbic Infrastructure Fund Consortium wins bid to acquire majority…
West Power and Gas Ltd (WPG), the parent company of Eko DisCo, Nigeriaโs second-largest distribution company (DisCo), is close to…
World Bank releases $1.5 billion loan to Nigeria after subsidy removal, tax bills
The World Bank has disbursed a $1.5 billion loan to Nigeria under the Reforms for Economic Stabilisation…
FCMB Group Plc Announces Successful Completion of its Public Offer, raises โฆ147.5 billion with 33%…
FCMB Group Plc (โFCMB Groupโ or the โGroupโ), a leading financial services group, is pleased to announce the successful…
Telecoms operators demand tariff review, to begin service shedding
The Association of Licensed Telecommunications Operators of Nigeria on Monday said its members would start service shedding, if nothing was done to increase…
Nairaโs free fall threatens 2025 fiscal plan
โฆas CBN forex policy flops
Budget rose 74% nominally but shrunk 23% in real value
A tough fiscal year 2025 appears to be underway following the tall order in currency valuation which may restrict the…
Naira seen hitting N1,804/$ on 2025 volatility projections – Report
The Nigerian naira is projected to depreciate to a weighted fair value of N1,804.45 in the coming year as tendency of volatility persists.
This is according to a new report by Lagos-based investment and research…
โEverybody Loves Jenifaโ Pushes Cinema Sales To โฆ1bn In One Week
Funke Akindeleโs newly released movies, โEverybody Loves Jenifaโ and โAlakada! Bad and Boujeeโ, have pushed Nigerian cinemas to record ticket sales of over โฆ1 billion in one week.
According to Nile Media…