FEC Directs Full Implementation of Naira-for-Crude Deal, Projects Cut in Fuel Price The Federal Executive Council, on Wednesday, directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. It said the initiative with local refineries is not a temporary measure but a “key policy...

FG Vows to Continue Naira-for-Crude Deal The Federal Government has confirmed that crude and refined product sales in Naira initiative will continue as a national policy. This assurance was contained in the official X (formerly Twitter) handle of the Federal Ministry of Finance on Wednesday morning...

AfDB to Boost Nigerian Agriculture with $2.2bn Investment The African Development Bank says it is mobilising $2.2 billion to develop agricultural processing zones in 28 states in Nigeria to boost food security and create jobs, the bank's president Akinwumi Adesina said on Tuesday. Adesina was speaking...

US Fumes at Nigeria's Import Ban on 25 Items, Demands Review Nigeria’s import ban on 25 categories of goods is limiting market access for American exporters, the United States Trade Representative (USTR) has expressed concern. This is coming a week after President Donald Trump announced sweeping...

Seme Customs Processes N20bn Cargoes in Q1, Says CAC The Nigeria Customs Service, Seme Area Command, said it processed 96,000 metric tonnes of export cargoes with a free-on-board value of N20.4bn between January and March 2025. In a statement on Monday, the Customs Area Controller of...

Equities Market Reverses Loss as Investors Gain N100bn The Nigerian Exchange Limited investors gained N100.45bn as trading ended positive on Monday. The market capitalisation of the Nigerian Exchange Limited shed N658.23bn to close at N65.49tn as the market reacted to the uncertainty in the global economy. The...