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Category: Business
FG defers 70% of 2025 capital projects to 2026
The Federal Government has ordered ministries, departments, and agencies to carry over 70 per cent of their 2025 capital budget into the 2026 fiscal year…
PoS takeover: FG ends cash payments in MDAs
The Federal Government has outlawed the use of physical cash for the payment of revenue and directed Ministries, Departments, and Agencies to install Point of…
CBN scraps deposit limits, increases weekly withdrawal threshold
The Central Bank of Nigeria (CBN) has announced major adjustments to its cash-handling regulations, abolishing the ceiling on cash deposits and expanding the weekly withdrawal…
CBN directs Nigerian banks to withdraw misleading advertisement
The Central Bank of Nigeria (CBN) has directed Nigerian banks, payment service banks and other financial institutions to immediately withdraw all advertisements that violate consumer-protection…
FG announces readiness of Africa Energy Bank Headquarters in Nigeria
The Federal Government has revealed that the head office of the $5 billion Africa Energy Bank (AEB), to be hosted in Nigeria, is now fully…
Aviation remains Africa’s ‘connecting tissue’ — Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, on Tuesday declared that aviation is the “connecting tissue” linking commerce, tourism, manufacturing, and regional integration…
Digital Economy: Nigeria, Sierra Leone sign MoUs to strengthen bilateral cooperation
The Nigerian government through the Ministry of Communications, Innovation and Digital Economy, has signed Memoranda of Understanding, MoUs with the government of Sierra Leone to…
BREAKING: NNPCL reduces fuel price after Dangote Refinery, depot owners cut rates
The Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit pump price after Dangote Refinery and depot owners dropped ex-depot prices. A…
Fourteen Nigerian banks yet to meet CBN’s recapitalisation ahead of deadline
No fewer than 14 Nigerian commercial banks are yet to meet the Central Bank of Nigeria’s recapitalisation requirement as the 31st March 2026 deadline inches…
Nigeria generated N2.06tn VAT in Q2 2025 — NBS
Nigeria recorded a total Value Added Tax (VAT) collection of N2.06 trillion in the second quarter of 2025, according to the latest VAT Report released…