Despite promises from the Ministry of Power that President Bola Ahmed Tinubu would meet with electricity generation companies over the N4.7 trillion debt owed to them, nearly two months have …
EconomyELECTRICITYEnergyGOVERNMENTNigeria
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Economy
- EconomyFinance & ServicesNigeriaTechnology
Access ARM Pensions Urges Civil Servants to Make Voluntary Contributions
Access ARM Pensions has advised Nigerian civil servants to start making small but steady voluntary contributions to their Retirement Savings Accounts (RSAs) to help secure their financial future after retirement. …
The Federal Government has introduced a major plan to change the Value-Added Tax (VAT) system in Nigeria. This new reform is aimed at giving states more control over VAT revenue …
- BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
Shell Buys 12.5% Bonga Oil Stake From TotalEnergies in $510m Deal
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
- EconomyEnergyManufacturingPoliciesTrade and Commerce
Tinubu Push for End to Raw Exports as Nigeria Eyes Industrial Growth
Nigeria, Africa’s largest economy and most populous country, continues to export a large share of its mineral and agricultural resources in raw form despite having the potential to transform its …
- BusinessEconomyGOVERNMENTNigeriaPolicies
Tinubu Suspends Controversial Financial Reporting Council Levy on Private Companies
President Bola Ahmed Tinubu has ordered a temporary suspension of the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which introduced new annual regulatory dues on large private …
- BusinessEconomyFinance & ServicesInsuranceNewsPolicies
70% of Nigerians Lack Insurance Coverage, Brokers Raise Concern
About 70 per cent of Nigerians do not have any form of insurance coverage, according to the Nigerian Council of Registered Insurance Brokers (NCRIB). This figure was revealed by Ojo …
- BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …
- BusinessEconomyFinance & ServicesInsuranceNewsNigeria
Nigeria’s Insurance Industry Premium Hits ₦1.56tn in 2024
The Nigerian insurance industry recorded strong financial growth in the 2024 financial year, with gross written premium (GWP) rising by 56 per cent to ₦1.56 trillion, up from ₦1.00 trillion …
- DevelopmentEconomyEducationFinance & ServicesInsurance
Nigeria Moves to Close Actuarial Gap Amid Rising
With fewer than 30 qualified actuaries for a population of over 200 million, Nigeria has launched an ambitious national effort to bridge the wide actuarial skills gap threatening the country’s …