Nigerian exporters are watching closely as new tariff moves by the United States spark fresh uncertainty in the global trade space. While some believe the ripple effect may hurt the …
Policies
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BusinessEconomyGOVERNMENTInternational RelationsPoliciesTrade and Commerce
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Gas Minister Urges NNPC to Fast-Track AKK, OB3 Pipeline Completion, Expand Domestic Gas Use
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called on the newly appointed leadership of the Nigerian National Petroleum Company Limited (NNPC Ltd.) to prioritise the completion of …
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EconomyFinance & ServicesPolicies
CBN Reports $20.93bn Remittance Inflow, $6.83bn Balance of Payments Surplus for 2024
The Central Bank of Nigeria (CBN) has announced that personal remittances into Nigeria rose to $20.93 billion in 2024, representing an 8.9% year-on-year increase. This was revealed in a statement …
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Banking, Finance & InvestmentEconomyPolicies
NDIC Set to Begin First Tranche of Heritage Bank Liquidation Dividend in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin paying the first tranche of liquidation dividends to depositors of Heritage Bank before the end of April 2025. …
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AviationGOVERNMENTInfrastructureInternational RelationsPoliciesTechnology
NAMA Moves to Boost Nigeria’s Airspace with New Tech from Germany
The Nigerian Airspace Management Agency (NAMA) has taken a major step toward modernising the country’s aviation communication infrastructure by assessing advanced communication technology at a leading factory in Germany. In …
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DevelopmentGOVERNMENTInfrastructureManufacturing & Consumer GoodsPolicies
FG to audit finances, operations of Ajaokuta Steel Company
The Federal Government has announced plans to begin a full technical and financial audit of the Ajaokuta Steel Complex and other major equipment under its care. This move is part …
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DevelopmentGOVERNMENTInfrastructurePoliciesTransportation & Logisitics
Plateau, NRC partner to revive rail services
Plateau State Government has taken a major step towards reviving rail transport in the state. This comes after the state signed a fresh agreement with the Nigerian Railway Corporation (NRC) …
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BusinessEconomyFinance & ServicesGOVERNMENTPolicies
Naira Falls Again Despite CBN Intervention, Faces More Pressure from Global Events
The Nigerian naira has continued to weaken against the US dollar, as it recorded another round of depreciation in March 2025, both at the official market and in the parallel …
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BusinessPoliciesTrade and Commerce
FG Urged to Boost AfCFTA Participation as US Slams 14% Tariff on Nigerian Exports
Economic analysts have called on the Federal Government to ramp up local production and take full advantage of the African Continental Free Trade Agreement (AfCFTA) following the imposition of a …
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BusinessEconomyEnergyGOVERNMENTOil & GasPolicies
Petrol Can Drop to N350 if FG Supports Local Refineries – CORAN
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has said that petrol can sell for as low as N350 per litre if the Federal Government supports local refineries and …