Economy

Nestlé Nigeria Plc has bounced back to profitability in the third quarter of 2025, recording a pre-tax profit of N39.6 billion, marking a sharp turnaround from the N2.9 billion loss …

The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …

The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has opened new opportunities for innovation, investment, and digital transformation in Nigeria’s downstream oil …

The Sole Arbitrator, Hon. Justice Kumai Bayang Akaahs (Rtd), has delivered a final award in the arbitration between General Hydrocarbons Limited (GHL) and First Bank of Nigeria Limited (FBN), ruling …

The Lagos Free Zone (LFZ), Nigeria’s first private special economic zone developed by Tolaram, has been described as one of the most attractive destinations for Nordic investors seeking long-term opportunities …

Nigeria’s overreliance on imported medical products has again come under scrutiny as the Federal Government revealed that the country imports about 99 per cent of its medical devices, 70 per …

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has announced plans to raise the country’s annual Liquefied Petroleum Gas (LPG) supply to six million metric tonnes in the coming …

Pan-African credit rating agency, Agusto & Co., has reaffirmed the ‘A3’ rating of Abbey Mortgage Bank with a stable outlook, citing the bank’s low leverage, consistent financial fundamentals, and improved …

The Federal Government, through the Debt Management Office (DMO), has announced the listing of N260 billion worth of Federal Government bonds for subscription in its October 2025 auction. The offer, …

The Federal Government has spent about N12.5 billion to purchase gold from artisanal and small-scale miners across Nigeria as part of efforts to formalise the sector, reduce smuggling, and strengthen …