Nigeria's Oil Production Surges Past 1.5mbpd, Exceeds OPEC Quota   According to a recent report by the Nigerian Upstream Petroleum Regulatory Commission, Nigeria has successfully achieved its oil production quota as stipulated by the Organisation of the Petroleum Exporting Countries (OPEC). In January, Nigeria made real its focus...

Just In: NASS Passes ₦54.99trn 2025 Budget The National Assembly passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed on Thursday separately by the Senate and the House of Representatives. A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for...

50% Tariff Hike: NLC Threatens Shut-down of Telecom Operations March 1 The Nigeria Labour Congress (NLC) has warned that if the telecommunications companies fail to revert to the old tariff by the end of February 2025, it will mobilize workers to shut-down their operations nationwide...

Reps Call for Removal of Contentious Sections from Tax Reform Bills The House of Representatives on Wednesday called for removal of contentious clauses from the tax reform bills as the proposed legislation scaled second reading at the Green Chamber. This is as the lawmakers also raised...

IFC $50m Fund to Attract Global Investment - Tinubu President Bola Tinubu on Wednesday commended the International Finance Corporation for its recent $50m equity investment in the Lagos Free Trade Zone. He described this as a symbol of the growing trust of global financial institutions in...

Equity Market Sustains Bullish Trend with N779bn Gains Equity investors gained N779bn on the Nigerian Exchange Limited on Wednesday as the market capitalisation rose to N67.3tn from N66.5tn recorded in the previous trading session, nearing the N70tn mark. The All-Share Index appreciated by 1.17 per cent...