OPEC Oil Output Drops in April - Report
The Organisation of the Petroleum Exporting Countries (OPEC) oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found.
The decline was led by a cut in...
CBN’s 2024 Financial Statements as Indicators of Economic Recovery, by Rahma Olamide Oladosu
In a nation where financial anxieties have become a daily soundtrack for citizens and policymakers alike, the recently released 2024 financial statements of Nigeria have provided an unexpected...
Agro-Processing Sector Needs $538m Annual Investment - LCCI
The Lagos Chamber of Commerce and Industry’s Agricultural and Allied Group has projected that increasing nationwide agro-processing capacity would require a continuous investment of $538m yearly for at least a decade.
In separate...
Electricity Subsidy Bill Surges to N762bn
Electricity subsidy has increased to about N762bn in the first four months of 2025.
Figures from various reports of the Nigerian Electricity Regulatory Commission (NERC) showed that the subsidy on power was approximately N178bn in...
AfDB Provides $650m Annual Economic Boost to Nigeria
The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based...
'Tax Reform Bill Will Reshape Economy'
The President of the Chartered Institute of Taxation of Nigeria ( CITN) Mr Samuel Agbeluyi, has said that the recently drafted tax reform bill, now awaiting final assent from the National Assembly, has the...
