Hafsat Ibrahim

Reps Approve $516m Loan for Sokoto–Badagry Superhighway

The House of Representatives has approved a $516 million external loan requested by President Bola Tinubu to fund sections of the Sokoto–Badagry Superhighway project.

Airlines Get 30-Day Credit Window for Fuel Payments

The Federal Government has moved to stabilise Nigeria’s aviation sector by capping jet fuel prices and granting airlines a 30-day credit window, following concerns over rising operating costs and potential flight disruptions.

Court Stops Telcos Suspension of Airtime Credit Services

Federal High Court orders in Abuja and Lagos restrained enforcement actions tied to new digital lending regulations.

Foreign Currency Taxes Surge to N6.33tn in 2025

Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).  

FG Extends Shea Export Ban, Targets $3bn Earnings

The Federal Government has reaffirmed its ban on the export of raw shea nuts, insisting that Nigeria must stop exporting raw commodities while importing finished products.  

UAE to Quit OPEC, OPEC+ in May, Gives Reason

The United Arab Emirates (UAE) has announced plans to leave the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance effective May 1, 2026, citing changing global oil demand.  
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