Economy

Brent crude oil prices stayed close to $66 per barrel on Monday, continuing the sharp fall recorded last week. The drop in price followed fresh news that United States President …

The Federal Government has started the rollout of a new national Electronic Fiscal System (EFS) aimed at modernising Nigeria’s tax administration, reducing tax evasion, and improving transparency in revenue collection. …

Skyway Aviation Handling Company Plc (SAHCO) has reported strong financial growth for the second quarter of 2025, with its profit after tax rising by 131 per cent. The company posted …

There is growing tension in Nigeria’s aviation industry as four major aviation unions have issued a fresh warning to the Federal Government, announcing plans to begin a full withdrawal of …

Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …

The Onitsha River Port in Anambra State came alive earlier this month as it received its first barge for the 2025 operating season. The barge, named MV ZUPITOR/MV RB ALASKA, …

Nigerian businesswoman and entrepreneur, Mrs Aisha Maina, has secured a $40 million investment backed by the African Export-Import Bank (Afreximbank) to develop a deep-water port in Basseterre, St Kitts & …

Presco Plc, one of Nigeria’s major palm oil producers, has reported a strong financial performance for the first half of 2025, posting a profit after tax of ₦88.72 billion. This …

AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …

Champion Breweries Plc has returned to profitability in the first half of 2025, posting a profit after tax of ₦2.29 billion. This marks a major turnaround from the ₦386.66 million …