Nigeria’s Oil Output Falls Short of OPEC Quota for Six Months   Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC) in the first month...

Capital Inflows Hit $21bn as Nigeria Intensifies Trade Strategy   The Federal Ministry of Industry, Trade, and Investment has unveiled plans to deepen trade facilitation and tighten policy execution in 2026, following a sharp rebound in capital inflows and export performance...

Banks Using Unaccredited Cheque Printers Risk N10m Fine - CBN   Deposit Money Banks risk a N10m fine and withdrawal of cheques from circulation if they engage unaccredited cheque printers, the Central Bank of Nigeria (CBN) has said. The apex bank disclosed...

MAN Pushes for Local Raw Material Sourcing to Boost Economy   The Manufacturers Association of Nigeria (MAN) has called for improved sourcing of local raw materials and deeper backward integration across industries, following recent Central Bank of Nigeria data that the...

Tinubu Appoints Ambassador Yusuf as NAHCON Chairman   President Bola Tinubu has nominated Ambassador Ismail Abba Yusuf as the new Chairman and Chief Executive Officer of the National Hajj Commission of Nigeria (NAHCON). The nomination was disclosed in a statement issued on...

Sugar Project Financing: NSDC Strikes Partnership Agreement with NEXIM Bank   The National Sugar Development Council (NSDC) and the Nigerian Export-Import Bank (NEXIM Bank) have struck a strategic partnership to pursue long-term, development-oriented financing for the large-scale transformation of the country’s...