The Nigeria Customs Service (NCS) at the Kirikiri Lighter Terminal (KLT) in Lagos has announced that it collected N89.2bn as revenue between January and June 2025. The amount represents a …
Nigerian economy
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BusinessEconomyMaritimePublic HealthSecurityTrade
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BusinessEconomyFinanceInsuranceINVESTMENT
Tinubu Signs NIIRA 2025 into Law: A Game-Changer for Nigeria’s Insurance Industry
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill 2025 into law, officially making it the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The new law has …
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BusinessEconomyGovernanceTaxationTechnology
FIRS Cautions Taxpayers on Hiding Transactions as E-Invoicing System Goes Live
The Federal Inland Revenue Service (FIRS) has warned taxpayers against the temptation of concealing business transactions under the new National E-Invoicing Solution, also known as the Merchant-Buyer Model. The agency …
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AgricultureBusinessEconomyInternational MarketsManufacturingTrade
Nigeria’s Non-Oil Exports Hit $3.23bn in H1 2025, Up 19.6% from Last Year
Nigeria’s non-oil exports rose to $3.225bn in the first half of 2025, showing a strong performance in the country’s drive to diversify its economy. This figure is a 19.59 per …
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BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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BusinessDevelopmentEconomyFinanceInfrastructurePolitics
World Bank approves N12.88tn loans to Nigeria in two years
The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
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BusinessFinance & ServicesFintechInnovationTechnology
Compliance Pressure on Fintechs Rising as Nigerian Startups Turn to RegTech and AI Solutions
Kayode Opeyemi, a former consultant with KPMG and now a respected expert in financial technology and risk management, has shared deep insights into how Nigerian startups are dealing with compliance …
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Banking, Finance & InvestmentBusinessEconomyInnovationInternational RelationsTrade and Commerce
FCMB, ICC Nigeria Call for Sustainable Solutions to Boost Nigerian Businesses in Global Trade
First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have jointly called for sustainable strategies that will empower Nigerian businesses to seize global trade …
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BusinessDevelopmentEconomyGOVERNMENTNigeria
FRC, LCCI, and Centre for Business Integrity Launch Push for Good Governance in Nigeria’s 40 Million MSMEs
The Financial Reporting Council of Nigeria (FRC) has joined forces with the Lagos Chamber of Commerce and Industry (LCCI) and the Centre for Business Integrity (CBi) to promote corporate governance …
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DevelopmentEconomyEnergyInfrastructureNigeriaOil & Gas
NNPC Boss Bayo Ojulari Assures Timely Completion of $2.8bn AKK Gas Pipeline Project
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has given fresh assurance that the $2.8 billion Ajaokuta–Kaduna–Kano (AKK) Natural Gas Pipeline project …