Hafsat Ibrahim

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Dangote Refinery Supplies 62% of Nigeria’s Fuel in January

The Dangote Petroleum Refinery has overtaken importers to supply 62% of Nigeria’s petrol market in January 2026, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

NRS Sees N522bn Capital Gains Tax Collections

Nigeria’s Capital Gains Tax (CGT) collections hit a record ₦522 billion in 2025, far exceeding expectations and marking an 869% performance against target, according to figures presented by the Nigeria Revenue Service (NRS).

Nigerian Breweries Reports N1.467tn Revenue

Nigerian Breweries Plc has reported ₦1.467 trillion in revenue for 2024, a 35% increase from ₦1.08 trillion in 2023, according to its audited results filed with the Nigerian Exchange Limited.

FG Allocates N11.7bn to Boost MSMEs in 2026

The Federal Government has earmarked ₦11.76 billion in 2026 to support Micro, Small, and Medium Enterprises (MSMEs) and industrial revitalisation, according to allocations in the Appropriations Bill.

Pension Reforms Drive NGX Up 6.16%, Add N6.79trn

Nigeria’s equities market surged last week after a major regulatory shift by the National Pension Commission (PenCom) allowed pension funds to increase their equity holdings.

Customs Launches ‘One-Stop-Shop’ to Cut Clearance Time to 48 Hours

The Nigeria Customs Service (NCS) has unveiled a One-Stop-Shop (OSS) initiative aimed at cutting cargo clearance time to 48 hours and eliminating redundant checks at seaports and land borders.
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