Economy

Customs fines banks 3% for late revenue remittance

The Nigeria Customs Service has introduced a three per cent penalty for Designated Banks…

Nigeria’s local fish production hits 1.4m metric tons – Oyetola

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced that Nigeria’s local…

FG pauses sachet alcohol ban enforcement for fresh review

The Federal Government has ordered an immediate halt to the enforcement of the proposed…

UBA backs LagRide drivers with $100m vehicle ownership deal

United Bank for Africa Plc has signed a $100 million funding agreement to help…

NMDPRA chief denies Dangote allegations, welcomes ICPC probe

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed,…

Dangote petitions ICPC over alleged corruption at NMDPRA

The President of the Dangote Group, Alhaji Aliko Dangote, has filed a petition with…

Elon Musk crosses $600bn net worth milestone

Tech billionaire Elon Musk has become the first person in history to record a…

Inflation drops to 14.45% in November – NBS

Nigeria’s headline inflation rate eased again in November 2025, falling to 14.45 per cent,…

Czech Republic seeks stronger economic ties with Nigeria

The Czech Republic’s Ambassador to Nigeria, Tomáš Výprachtický, has expressed his country’s determination to…

Aviation growth slumps to 2.88% as airfares spike – NBS

Nigeria’s aviation sector recorded a sharp slowdown in growth in the third quarter of…

CBN, NCC plan new short code for faster banking complaints

The Central Bank of Nigeria has announced that it is developing a new industry…

Reps move to amend CBN Act for stronger checks, transparency

The House of Representatives on Thursday opened debate on a bill seeking to amend…

ECOWAS approves plan to cut air travel cost from 2026

The Economic Community of West African States has approved a new policy aimed at…

Tinubu fumes over N1.5bn debts owed to 2000 contractors

President Bola Tinubu has expressed strong displeasure over a backlog of about 1.5 billion…

ECOWAS picks Dangote to lead new business council

The Economic Community of West African States has moved to deepen regional economic stability…