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 compared to the same period...

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, Tajudeen Abbas, read the President’s...

Reps to Probe $18bn Turnaround Maintenance of Nigeria’s Four Refineries The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to investigate the turnaround maintenance of the four state-owned refineries. The Committee’s resolution is coming a few days after the House Committee on Petroleum Resources...

Naira Holds Firm Against Dollar in Black Market The Naira remained stable against the US dollar on Wednesday, July 23, strengthening im the parallel market. Currency dealers in Abuja told Economic Confidential that the Naira was exchanged at ₦1,515 per dollar for buying and ₦1,525 for...

Over 1,000 Startups, 300 Investors Expected at GITEX Nigeria ‎The Director General of the National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi, has announced that the upcoming GITEX Nigeria 2025 flagship event will host over 1,000 startups, 300 global investors, and up to...

Cardoso: We Won’t Stop Until Inflation Hits Single Digit The Central Bank of Nigeria (CBN) has said it will maintain a tight monetary policy stance until inflation is decisively curbed, reaffirming that achieving a single-digit inflation rate remains its top priority. CBN Governor, Mr. Olayemi Cardoso,...