Equity Market Suffers N31bn Loss as Investors Sell Off   The Nigerian Exchange Limited (NGX) extended its losing streak on Thursday, as investors recorded a N31bn decline in market capitalisation. At the close of trading, the All-Share Index dipped by 0.05 per cent to settle at 105,426.12...

Crude Shortage, Funding Woes Shut Down 7 Refineries, Experts Lament   The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new and existing refineries across the country, local refiners stated on Thursday. They also warned that without...

NNPCL Shares Set to Hit Capital Market The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. The NNPCL Chief...

EXPLAINER: What to Know About Customs' Tax Exemptions on Pharma Materials By Tahir Ahmad The Nigeria Customs Service (NCS) has begun implementing a new policy that exempts critical pharmaceutical raw materials from Value Added Tax (VAT) and import duties for two years. This measure, part of a...

Nigeria's Money Supply Declines to N110.3tn in February, Says CBN Nigeria’s money supply recorded its first decline in 2025, falling to N110.32tn in February from N110.94tn in January, data from the Central Bank of Nigeria showed. Nigeria’s money supply recorded its first decline in 2025, falling...

Senate Demands Data Cost Review, Others  The Senate on Wednesday called on the Federal Ministry of Communications, Innovation and Digital Economy to engage telecommunication operators to review the costs of data and other internet-related services for their subscribers. This resolution followed a motion on the ‘Urgent...