HomeNews

News

‎Chevron Records Third Oil Discovery as Nigeria’s Reforms Gain Traction

‎Nigeria’s oil sector reforms are beginning to yield tangible results, with Chevron Nigeria Limited recording its third successful exploration discovery.

Tax Law: Ombud Office Pledges to Boost Voluntary Compliance

Nigeria’s newly established Office of the Tax Ombud has pledged to restore taxpayer confidence and strengthen voluntary compliance.

Again, National Grid Collapses as Power Generation Drops to 24MW

Again, National Grid Collapses as Power Generation Drops to 24MW The national power grid collapsed again on Wednesday, plunging parts of the country into darkness and disrupting electricity supply to millions of homes and businesses. Checks by PUNCH revealed that power generation fell sharply from over...

FG Allocates N1.1trn for Power Sector in Appropriation Bill

The Federal Government has allocated over N1.1 trillion to the power sector in the 2026 Appropriation Bill, an amount higher than the N900 billion budgeted for the sector in 2025. 

Microfinance Banks’ Assets Grow to N358.787bn – CBN

The Central Bank of Nigeria's (CBN) latest quarterly statistical bulletin reveals a 0.88% month-on-month increase and a 57.56% year-on-year growth compared to June 2024.

DMO Seeks N900 billion Through Bonds Auction 

The Debt Management Office (DMO) has announced that the Federal Government will seek to raise N900 billion through the reopening of three federal bonds in its January 2026 auction.