FG maps 500,000 MSMEs to drive industrial growth, competitiveness
…Disburses over N600bn through BoI to support business By Yinka Kolawole The Federal Government has captured more than 500,000 Micro, Small and Medium Enterprises (MSMEs) in a national database as part of efforts to strengthen industrial development, improve policy planning and enhance Nigeria’s competitiveness in regional and global trade. This is even as over N600 billion has […]
E-invoicing: NRS sets July 31 deadline for compliance
By Providence Ayanfeoluwa The Nigeria Revenue Service, NRS, has set July 31, 2026, as the deadline for all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System (EFS). This follows a public notice issued by the NRS on February 17, 2026, on the implementation timeline and the mandatory adoption of the national e-invoicing […]
FGN bonds attract N1.74trn, records 45% oversubscription
By Elizabeth Adegbesan The Federal Government of Nigeria (FGN) bond auction in July 2026 was oversubscribed by 45 percent, or N540 billion, attracting total subscriptions of N1.74 trillion against the N1.2 trillion offered by the Debt Management Office (DMO). This reflects strong investor demand for Federal Government of Nigeria (FGN) debt instruments. According to the July […]
NIMASA reviews ship-port security protocols
By Godwin Oritse In a bid to strengthen security at Nigerian ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a review of security protocols governing interactions between ships and port facilities. In a notice issued to all maritime security stakeholders, NIMASA stated that all vessels are required to submit their Security-Related Pre-Arrival Information […]
Dangote Refinery ramps up fuel exports as crude shortages, forex squeeze bite
By UdemeAkpan, Energy Editor The Dangote Petroleum Refinery has significantly increased exports of refined petroleum products as inadequate domestic crude oil supply and persistent foreign exchange constraints continue to hamper its operations. This comes as rising global crude oil prices are expected to increase feedstock costs for the 650,000-barrels-per-day refinery, although stronger prices for refined petroleum […]
FG pays N330bn to GenCos, issues N729bn bonds to investors
By Obas Esiedesa The Federal Government yesterday said it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI). Speaking at an investors’ […]
