'US Tariff May Slow Nigeria’s Economic Growth Prospects'
Nigeria’s economic growth prospects in 2025 face a potential slowdown due to a newly imposed 14 per cent reciprocal tariff by the United States on Nigerian imports.
This was indicated in the latest...
CBN Governor Hit with N220m Contempt Suit
Central Bank of Nigeria Governor, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, have been sued for contempt of court at the Federal High Court in Abuja over their alleged...
Dangote Fuel Still Pricey Despite Crude Oil Crash - S&P Global
The pricing of refined petroleum products at the Dangote Petroleum Refinery has been identified as one of the incentives to import these products into Nigeria.
S&P Global said in a...
FG to Settle N2trn Debt Owed to GenCos by December
The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end...
CBN Mandates Banks to Strengthen Sanctions Compliance Measures
The Central Bank of Nigeria (CBN) has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions.
In...
NNPC Targets $30bn Investments in Oil Sector by 2027
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled its agenda for attracting $30 billion investments by 2027 and $60 billion by 2030.
The Group Chief Executive Officer (GCEO) Bayo Ojulari disclosed...
