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New Business Creation in Nigeria Falls to 3-year Low — Report

Businesses in Nigeria are no longer throwing caution to the wind, as the creation of new enterprises has reached its lowest levels in three years, driven by a weaker expansion plan, a new report shows.

IPMAN Urges Members to Register with Dangote Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members who have not registered with the Dangote refinery to immediately register with the plant ahead of the commencement of direct supply of petroleum products.

Crude Earnings Fall by N3.18tn

Nigeria’s crude oil exports declined by N3.18tn in the first half of 2025 despite an increase in production volumes, the latest foreign trade statistics report from the National Bureau of Statistics has shown.

FIRS Dismisses Tax ID Claim for Bank Account Operation

The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians must obtain a separate Tax Identification Number.

US Cuts Nigerian Imports by 41%

The United States has slashed its imports of Nigerian goods by 41 per cent in just one month, raising alarm over the fragile state of Nigeria’s trade relations with one of its most strategic global partners.

Court Fines CBN, Orders Release of MTN Settlement Details to HEDA

The Court of Appeal in Abuja has dismissed an appeal by the Central Bank of Nigeria (CBN) and affirmed a judgment compelling the apex bank to release details of its controversial settlement with MTN Nigeria over allegations of illegal funds repatriation.