NIS Scales Up Daily passport Production to 5,000 from 300   The Nigeria Immigration Service (NIS) has boosted its daily passport production capacity from about 300 to 5,000, following the launch of a new Centralised Passport Personalisation Centre in Abuja. The Minister...

FG Introduces Pension-backed Loans Scheme to Support Retirees   In a bold move to strengthen Nigeria’s consumer credit system and extend financial inclusion to senior citizens, the Federal Government on Thursday launched a pension-backed loan scheme for retirees. The initiative, introduced through...

Manufacturing Imports Deepens Nigeria's Trade Deficit by N14trn   Nigeria’s manufacturing sector has sunk deeper into deficit, as imports of manufactured goods outpaced exports by more than N14tn in the first half of 2025. The latest data from the National Bureau...

CBN Sells $574m to Boost FX Market Liquidity in August   The Central Bank of Nigeria (CBN) ramped up its dollar sales in August 2025, selling a total of $574 million in a bid to stabilise the foreign exchange (FX) market...

Nigerian Companies Set to Play Bigger Role in Oil Industry – NCDMB   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Felix Ogbe, has urged leading Nigerian oil and gas service providers to channel their expertise into...

FG Plans N758bn Bond to Offset Pension Liabilities – PenCom   The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the National Pension Commission (PenCom) has disclosed. Speaking at a press briefing...