Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).
The Federal Government has reaffirmed its ban on the export of raw shea nuts, insisting that Nigeria must stop exporting raw commodities while importing finished products.
The United Arab Emirates (UAE) has announced plans to leave the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance effective May 1, 2026, citing changing global oil demand.
Aliko Dangote, President of the Dangote Group, has announced that the expansion of the Dangote Petroleum Refinery to a capacity of 1.4 million barrels per day will generate employment for about 95,000 skilled workers at peak construction.
President of the Dangote Group, Aliko Dangote, has called for urgent investment in local manufacturing and power infrastructure, stressing that Nigeria must design and build what it consumes to achieve economic independence.
