Nigerian Stock Market Records N1.95trn Gain in January   Despite cautious trading sentiment among investors, the Nigerian stock market experienced a remarkable surge in January 2025, with its market capitalization increasing by a significant N1.95 trillion. This emerged as the Minister of...

CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora...

NAICOM Unveils Revised Annuity Regulations for Insurance Operators   In a move to strengthen the annuity market and ensure greater transparency, the National Insurance Commission (NAICOM) has introduced new regulations governing annuity business, effective February 1, 2025. An annuity is a contract...

FIRS Generated N21.6trn Revenue in 2024, Targets 25trn – Adedeji   The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji has announced that the service generated a total of N21.6 trillion in revenue for the 2024 fiscal...

NLC Suggests 5% Telecoms Tariff Increase, Vows to Proceed with Protest   The Nigeria Labour Congress (NLC) has strongly rejected the Nigerian Communications Commission's (NCC) approved 50% telecom tariff hike, calling it "unjust" and a huge burden on Nigerians already struggling...

NNPC, Marketers Import 633m Litres of Fuel to Address Domestic Shortfall   In a move to address the domestic fuel shortage, the Nigerian National Petroleum Company Limited (NNPCL) and other downstream oil sector marketers brought in a substantial volume of petroleum...