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CBN removes cash Pooling requirement for IOCs

By Emma Ujah, Abuja Bureau Chief  THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs). The decision was conveyed in a circular issued by the Director of Trade and Exchange of the bank, DrMusa Nakorji, yesterday.  It said the decision was “to further liberalise […]

Non-Oil exporters seek one-stop system to tackle setbacks, boost market access

By Progress Godfrey Non-oil exporters have called for the establishment of a one-stop export processing system to address regulatory bottlenecks, reduce costs, and enhance Nigeria’s competitiveness in global markets. The call was made at a policy roundtable on market access for Nigeria’s non-oil export sector, themed ‘Advancing SME Competitiveness under DCTS and AfCFTA’. The event brought […]

SEC, VNL Capital urge strategic, risk-aware investments across sectors

By Babajide Komolafe The Securities and Exchange Commission (SEC) and VNL Capital Asset Management have urged investors to adopt strategic and risk-conscious approaches in allocating their funds,   highlighting the need to navigate global uncertainties while capitalising on emerging opportunities within the country’s key sectors. Speaking at the  VNL Capital Economic Roundtable held in Lagos, SEC Regional […]

Why petrol prices’ll remain high — Dangote

AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by global market forces including the crises in the middle-east, the world’s crude oil hub.

Rail passenger revenue exceeds FG’s N7bn target by 11%

By Elizabeth Adegbesan Revenue generated from rail passengers in 2025 exceeded the Federal Government’s (FG)   N7.01 billion target by 11 percent. Recall that in February 2025 the FG set a target of generating N7.01 billion in revenue from rail   passengers by the end of 2025 with the aim of expanding services and recovering from previous security […]

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