Edun Hails Rebasing, Q1 2025 GDP Growth as Catalyst for Sustained Economic Takeoff The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed the release of Nigeria’s rebased 2024 Gross Domestic Product (GDP) figures alongside...

Nigerian Passport Hits 5-Year High, Climbs to 88th Globally The Nigerian passport has achieved its strongest position in five years, moving up to 88th place out of 199 countries in the latest Henley Passport Index released on July 18. The index...

Nigeria’s Interest Rate Dilemma: Stability at What Cost? By Prof. Chiwuike Uba, PhD In its July 2025 Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria (CBN) opted to retain its existing monetary parameters—maintaining the Monetary Policy Rate (MPR) at...

Suppliers Kick Dangote’s Direct Fuel Distribution Plan Oil suppliers in Nigeria have called on the Dangote Refinery to reverse its decision to implement a direct fuel distribution scheme, citing concerns over market disruption and fairness. From August 15, Dangote would begin...

FIRS Rakes in N14.27tn Revenue, Exceeds H1 Target The Federal Government, through the Federal Inland Revenue Service, has recorded a significant revenue surge in the first half of 2025, collecting a total of N14.27tn, representing a 43 per cent growth...

Reps Approve $347m Loan for Lagos-Calabar Highway, Other Projects  The House of Representatives, on Wednesday, approved President Bola Tinubu’s request to the National Assembly, seeking approval to borrow $347m under the 2025–2026 borrowing plan. The Speaker of the House of Representatives,...