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Revenue from Value Added Tax, VAT grew year-on-year (YoY) by 34 percent to N6.4 trillion in the first nine months of 2025 (9m’25) from N4.77 trillion in the corresponding period of 2026.
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By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosing this in a statement yesterday said a Technical Committee has been set up to ensure payment of the affected revenues into […]
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By Babajide Komolafe The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024. In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […]
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By Jeremiah Urowayino In an era where energy security and responsible growth are shaping global priorities, Alfred Temile has distinguished himself as one of the quiet but decisive forces advancing Africa’s participation in the international gas value chain. As Chief Executive Officer of Temile Development Company, he leads one of the few fully indigenous African firms […]
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Dangote Cement Plc has reported a 20.3 per cent revenue growth to N4.31 trillion for the year ended Dec. 31, 2025.
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By Peter Egwuatu, with agency report The Federal Government has extended its ban on Shea nut exports by a year, reinforcing a drive to curb raw commodity shipments and boost local value addition. The extension takes effect from February 26, 2026, to February 25, 2027. Approving the ban, President Bola Tinubu said that Nigeria is trying to […]
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Troubled automaker Stellantis, behind brands like Jeep and Fiat, announced Thursday a net loss of 22.3 billion euros ($26.3 billion) for last year, blaming a lack of demand for electric vehicles.
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By Providence Ayanfeoluwa Dangote Petroleum Refinery has announced plans to expand beyond crude processing into a fully integrated industrial hub, unveiling five major projects that aim to transform Africa’s manufacturing landscape. The project encompasses the ambitious expansion plan of a 400,000-tonne Linear Alkaline Benzene (LAB) plant to support detergent manufacturing across the continent. Addressing journalists during […]
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… Exports 20m litres surplus By Udeme Akpan In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily to meet national demand, effectively positioning the country for sustained fuel self sufficiency while exporting up to 20 million litres […]
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…As External Reserves hit $50.4 b …20 banks cross recapitalization threshold, mobilise N4.05 trn Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR), the benchmark interest rate by 50 basis points from 27 per cent to 26.5 per cent. The Governor of the CBN, Mr. Olayemi Cardoso, disclosed […]
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