The Corporate Affairs Commission (CAC) has announced that it will begin implementing new service charges starting from August 1, 2025. The agency said the fee adjustment became necessary due to …
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Nigerian Economy
The Federal Government, State Governments, and Local Government Councils have shared a total revenue of ₦1.659 trillion for the month of May 2025, according to a communiqué issued at the …
- AfricaDevelopmentEconomyFinance & ServicesInfrastructureINVESTMENTNigeria
EY Nigeria to Host Roundtable on Boosting Africa’s Development
EY Nigeria has announced a major roundtable discussion that will focus on how private capital can be used to speed up Africa’s development plans. The event, which will hold next …
- Banking, Finance & InvestmentBusinessDevelopmentEconomyFinance & Services
PremiumTrust Bank Opens New Branch in Osogbo to Expand Services and Support Economic Growth
PremiumTrust Bank, a leading commercial bank in Nigeria, has opened a new branch in Osogbo, the capital of Osun State. The bank made this announcement in a statement on Thursday. …
- EconomyGOVERNMENTInternational RelationsNigeria
Nigeria Owes Over $19.5m in UN Dues Despite Global Funding Crisis
Nigeria has only paid about 36 per cent of its financial contributions to the United Nations (UN) over the past five years, raising concerns about the country’s commitment to its …
- AfricaDevelopmentEconomyEntrepreneurshipInternational RelationsINVESTMENTNigeriaPoliciesTrade and Commerce
Ohuabunwa Criticises Government’s Lukewarm Trade Policy
Founder and former CEO of Neimeth Pharmaceutical, Mazi Sam Ohuabunwa, has criticised the Nigerian government for its slow and disinterested approach to trade and franchising, warning that the lack of …
- BusinessDevelopmentELECTRICITYEnergyEnvironmentInfrastructureNigeria
Off-Grid Power in Lagos Now Bigger Than Nigeria’s National Grid, Says AFC Report
A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
- EconomyNewsNigeriaPoliticsSecurity
Senator Ali Ndume Rejects Early Tinubu 2027 Endorsement, Cites Economic, Security Concerns
Senator Ali Ndume, the lawmaker representing Borno South Senatorial District, has openly distanced himself from the recent endorsement of President Bola Ahmed Tinubu for a second term in office. The …
ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
- Banking, Finance & InvestmentBusiness PoliciesEconomyMarketsNigeriaPolicies
Naira Appreciates to ₦1,553.11/$ Amid BDC Recapitalisation Drive
The Nigerian Naira continued its steady upward trend in the official foreign exchange market on Thursday, June 6, closing at ₦1,553.11 per dollar, as reported by the Central Bank of …