Business

The Nigerian naira showed a glimmer of resilience on Wednesday, January 22, 2025, as it recorded modest gains against the US dollar in both the official and parallel markets. This…

MTN Nigeria has officially increased its data plan prices, a move that follows the Nigerian Communications Commission’s (NCC) approval of a 50% hike in telecom service costs. This marks the…

The Dangote Refinery, a 650,000 barrels-per-day (bpd) facility in Lagos, Nigeria, has been described as a “world miracle” by Masahiro Tsuno, Managing Director of Limited, during a recent visit by…

In a landmark move aimed at restructuring Nigeria’s tax system, the House of Representatives has approved key tax reform bills, retaining the current 7.5% Value Added Tax (VAT) rate while…

The National Information Technology Development Agency (NITDA) has reaffirmed the pivotal role of data in accelerating Nigeria’s transition to a sustainable digital economy. Speaking at the 2024 Digital Nigeria Innovation…

The National Bureau of Statistics (NBS) has reported that Nigeria’s inflation rate surged to 34.60% in November 2024, reflecting a 0.72 percentage-point increase compared to 33.88% in October 2024. This…

Nigeria has lost over $25.7 billion to crude oil theft between 1999 and 2022, according to a new report that shocked the energy industry. This staggering loss spans 23 years,…

The Dangote Refinery has officially commenced gasoline export, marking a major milestone in Nigeria’s oil and gas sector. This development, confirmed by company executives on Monday, signals Nigeria’s transition from…

  Nigeria runs on generators. It is a national embarrassment that the country with the largest economy in Africa cannot reliably keep the lights on for its 220 million citizens.…

Federal Government (FG) ends speculative oil field licensing in Nigeria, signaling a shift toward operational transparency and economic growth. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced this policy to…