FIRS Targets Higher Tax-to-GDP Ratio with E-Invoice System Rollout
FIRS plans to boost Nigeria’s tax-to-GDP ratio by implementing an e-invoicing system to enhance transparency and curb revenue losses.
US Stock Market Sheds $4 Trillion in Value as Trump Pushes Forward With Tariffs
The US stock market has lost $4 trillion in value as President Trump moves ahead with his tariff policies.
NNPC: Discussions Ongoing to Renew Naira-for-Crude Deal with Dangote Refinery
NNPC has clarified that its naira-for-crude contract with Dangote Refinery was a six-month agreement to expire in March 2025.
The Body Shop Opens First West African Store in Abuja
The Body Shop has launched its first West African store in Abuja, highlighting UK-Nigeria trade and ethical business values.
Nigeria Spends N930bn on Fuel Imports in February Despite Rising Local Refining Capacity
Nigeria spent N930bn on fuel imports in February despite increased refining output from local refineries.
CBN Raises N2.72 Trillion in Treasury Bills In Two Months Amid Tightened Monetary Policy
CBN raised N2.72 trillion in Treasury Bills in two months, reflecting an 8.6% decline from the previous year.
NBS: Nigeria’s Total Foreign Hit N36.6tn in Q4 2024 With Steady Exports, Import Surge
Nigeria’s total trade surged to N36.6tn in Q4 2024, with imports rising and trade surplus shrinking, NBS reports
NNPC, FIRST E&P Announce Major Hydrocarbon Discovery in Songhai Field
NNPC and FIRST E&P have confirmed major hydrocarbon discovery in Songhai Field, OML 85, boosting Nigeria’s oil production potential.
Oil Prices Rise as Russia Hints at Possible OPEC+ Policy Reversal
Oil prices rise as Russia’s Novak hints OPEC+ may reverse April output increase, but weekly decline persists amid US policy concerns.
Onitsha Drug Market Reopened as NAFDAC Vows Continued Crackdown on Fake Drugs
NAFDAC has reopened Onitsha drug market after one month, warning of future closures if violations occur again
Cardoso: Nigeria’s Creative Industry Could Generate $25bn with National Theatre Revamp
CBN Governor Olayemi Cardoso says the revamping of the National Arts Theatre will help unlock Nigeria’s $25 billion creative sector.
Nigeria Joins European Bank for Reconstruction and Development As 77th Member
Nigeria has joined the European Bank for Reconstruction and Development, with plans for investment and economic collaboration.
Nigeria Surpasses OPEC Quota, Pumps 70,000 BPD Above Target in February
Nigeria pumped 70,000 bpd above its OPEC quota in February, boosting revenues and global energy influence.
FCCPC Sues MultiChoice for Increasing DStv, GOtv Subscriptions
MultiChoice is facing legal action for ignoring FCCPC’s directive to halt a price hike on their DStv, GOtv subscriptions pending investigation.
Nigeria’s LNG Supply Plunges 80% Amid Pipeline Sabotage, Bloomberg Reports
Bloomberg has reported that NLNG’s gas supply dropped 80% as vandalism crippled operations, reducing exports and tightening global LNG markets.
Seplat Energy Reports N1.65 Trillion Revenue, N647.9 Billion Profit for 2024
Seplat Energy has reported N1.65 trillion revenue, N647.9 billion profit for 2024, and announced $16.5 per share dividend.
China Hits Back with 10-15% Tariffs, Canada Imposes 25% Levy On US Goods As Trade Tensions Escalate
Beijing has targeted US agriculture with 10-15% tariffs, Canada slaps 25% duties on $150bn in imports amid trade tensions.
NNPC Subsidiary Outlines $20 Billion Investment Plan for Energy Growth
NNPC subsidiary NEPL plans $20 billion investment by 2030, targeting increased crude oil and gas production to drive Nigeria’s energy growth.
Dangote Refinery Assures Refunds for PMS Purchased Above Revised Price from Key Partners
Dangote Refinery had pledged to refund customers who bought PMS above N825/litre from key partners Ardova Plc, Heyden, or MRS.
CBN Strengthens Financial Sector Oversight, Reinforces Compliance with Global Banking Standards
CBN has reaffirmed commitment to strengthening financial sector oversight, enhancing risk management, and ensuring compliance with global banking standards
