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Category: Business
Nigeria’s money supply drops by 1.6 per cent – CBN
Nigeria’s broad money supply (M3) dropped to N117.78 trillion in September 2025, marking a 1.6 percent decline from N119.69 trillion in August. This is according…
World Bank forecasts commodity prices 6-year dip in 2026
The World Bank Group says global commodity prices will plunge to their lowest level in six years in 2026, marking the fourth consecutive year of…
NNPCL gives fresh update on Port Harcourt, Warri, Kaduna refineries
The Nigerian National Petroleum Company Limited (NNPCL) has issued a fresh update on the Port Harcourt, Warri and Kaduna state-owned refineries. The company noted that…
FG insists lawyers must pay 7.5% VAT under new tax law
The federal government has reaffirmed that all lawyers and law firms are legally required to remit the 7.5 percent Value Added Tax (VAT) to the…
Senate approves Tinubu’s $2.8bn loan, $500m Sukuk to bridge 2025 budget gap
The Senate has approved President Bola Tinubu’s request to obtain a total of $2.847 billion in fresh foreign financing to support the 2025 budget and…
FG targets $74bn GDP boost from livestock sector
The Federal Government says the 2025–2035 National Livestock Growth Acceleration Strategy (NL-GAS) is expected to increase the livestock sector’s contribution to GDP from 32 billion…
FG, firm seal $400m deal to strengthen Nigeria’s steel production
In a bid to strengthen and upscale steel production, the Federal Ministry of Steel Development, and Stellar Steel Company Limited, yesterday, signed a Joint Strategic…
BREAKING: Tinubu approves 15% import duty on petrol, diesel
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is…
African Aviation, Aerospace University will reduce dependence on foreign training – Speaker Abbas
The Speaker, House of Representatives, Abbas Tajudeen said the establishment of African Aviation and Aerospace University would not only equip Nigerians with advanced skills, but…
Nigeria’s trade surplus climbed to 6% – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s trade surplus has climbed to six per cent of the nation’s…