Dr. Dele Alake, the Minister of Solid Minerals Development, called for increased government funding and legislative support to overcome the challenges facing Nigeria’s mining sector during an investigative hearing by the Senate Committee on Solid Minerals.  

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) is blaming the country's current economic instability on the federal government’s failure to properly evaluate the nation’s assets before disposing of them. 

Crude oil has traded lower as a result of easing supply concerns, with Brent falling by 17 cents to close at $83.16 per barrel, and the US West Texas Intermediate (WTI) crude depreciating by 10 cents to finish at $78.38 a barrel on Tuesday.  

Mrs Abimbola Essien-Nelson, the Media Relations Manager of Shell Nigeria, revealed that the oil company has exclusively paid $1.09 billion in corporate taxes and royalties to the Nigerian Government in 2023. 

Wale Edun, Nigeria's Minister of Finance, has praised the outgoing World Bank Director’s contributions to Nigeria’s economy. 

Low Assets-to-GDP in Banks Explains Recapitalisation The low asset base of Nigerian banks relative to peers makes a compelling case for a recapitalisation exercise, according to Ike Chioke, group managing director, Afrinvest West Africa Limited. Banks’ total assets is only 16.4 percent of the country’s $0.5...