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...

NGX Capitalisation Falls by N74bn The Nigerian Exchange lost N74bn in market capitalisation at the close of trading on Wednesday as the All-Share Index declined by 0.1 per cent to settle at 105,485.99 points. The exchange’s overall market capitalisation now stands at N66.1tn. At the end of...

World Bank Projects $15m Investment to Strengthen Nigeria's Statistical Performance The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country is lagging behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil. According to a statement by the budget...