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Category: Business
26 ships carrying petroleum products, food items expected at Lagos ports
The Nigerian Ports Authority (NPA) has announced that 26 vessels laden with petroleum products, food commodities and other cargoes are expected to arrive at Lagos…
It’s national duty to support made-in-Nigeria goods, digital infrastructure – Taiwo Oyedele
The Minister of Finance, Taiwo Oyedele, has said it is a national duty to support made-in-Nigeria goods and services, including digital infrastructure. He disclosed this…
Petrol, diesel, aviation fuel consumption crash as energy prices rise across Nigeria
Nigeria’s daily consumption of Premium Motor Spirit (PMS), Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (ATK) dropped significantly. This is according to the July…
Nigeria sets 30% stake sell-down as condition for MTN-IHS $2.2bn acquisition deal
Nigerian authorities have approved MTN Group’s $2.2 billion acquisition of IHS Towers, but outlined conditions for the deal. The approval was granted by the Federal…
Nigeria risks future mineral imports, geophysicists warn
As the Federal Government intensifies efforts to attract investment into Nigeria’s vast mineral resources and halt the export of raw ores, exploration geophysicists on Monday…
Banks account for 92% of NFIU suspicious reports
The Nigerian Financial Intelligence Unit (NFIU) has disclosed that banks, fintech companies and other reporting entities submitted 42,082 Suspicious Transaction Reports to the agency in…
Restore petrol subsidy or fund student loans, minister question critics
The Minister of Information and National Orientation, Mohammed Idris, has rejected calls for the restoration of petrol subsidy, saying Nigeria has moved beyond the model…
Nigerian govt releases tax act guidelines nearly six months after kickoff
The Nigerian government has finally issued general guidelines for the implementation of Tax Acts 2025 nearly six months into its commencement on January 1, 2026….
Fraudsters rake in N134bn from banks, customers – CBN
Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption…
Flood crisis: NEC slashes prevention fund by 50%, approves N83bn
The National Economic Council on Thursday approved N83.21bn for the implementation of an Anticipatory Action Task Force to mitigate the impact of flooding and other…