By Elizabeth Adegbesan The  Central Bank of Nigeria, CBN, yesterday said the nation’s current account surplus grew year-on-year (YoY) by 46 percent to $4.98 billion in the first quarter of 2026 (Q1’26). The apex bank disclosed this in its Balance of Payments (BoP) report for Q1’26 noting that the current account surplus also grew quarter-on-quarter (QoQ) […]

By Rosemary Iwunze The incoming Chairman of the Nigerian Insurers Association, NIA, Mrs. Ebelechukwu Nwachukwu, has unveiled a strategic blueprint anchored on collaboration, public trust, and regulatory compliance. Speaking at a pre-investiture press conference in Lagos, Nwachukwu who is the Managing Director of REX Insurance Company Limited said that she also targets transitioning insurance from a […]

By Emma Ujah, Abuja Bureau Chief The Federal Government has said it is not considering the imposition of fuel and telecommunications taxes. It was reacting to reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the recommendation of the International Monetary Fund (IMF) Article IV Consultation Report […]

By Obas Esiedesa The Transmission Company of Nigeria (TCN) has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Speaking during a community engagement visit to Lambata in Gurara Local Government Area yesterday, the General Manager, Transmission, Abuja Region, […]

By Peter Egwuatu Capital market operators and economic experts have urged the Federal Government to be cautious in implementing the International Monetary Fund’s (IMF) policy recommendations, warning against expensive foreign loans and a Value Added Tax (VAT) increase. Managing Director/Chief Executive Officer of Arthur Stevens Asset Management and former President of the Chartered Institute of Stockbrokers […]

By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has faulted the proposed implementation of the National Environmental (Plastic Waste Control) Regulations 2026 by the National Environmental Standards and Regulations Enforcement Agency (NESREA), warning that the measures could have far-reaching consequences for the country’s manufacturing sector and economy. Under the proposed regulations, NESREA plans to […]

•128,930 smallholder farmers in 25 states, FCT to benefit By Gabriel Ewepu ABUJA — Vice President Kashim Shettima yesterday  flagged off the nationwide distribution of 515,720 bags of fertiliser under the National Agricultural Development Fund’s (NADF) Renewed Hope Farm Input Support Programme (FISP). Represented by the Minister of State for Agriculture and Food Security, Dr […]

By Obas Esiedesa, Abuja Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by six  per cent, or N75 per litre, following a sharp decline in global crude oil prices triggered by easing tensions in the Middle East. The refinery said in a circular to marketers that the […]

•Flags risks to monetary policy, financial integrity •As Nigeria ranks 2nd globally, with  $59bn  crypto inflows  By Emma Ujah &   Elizabeth Adegbesan  The International Monetary Fund (IMF) has disclosed that Nigeria accounts for about 60 percent of stablecoin inflows into Sub-Saharan Africa,SSA, while warning that the growing use of dollar-backed digital assets could pose risks to […]

The acquisition pairs an FCA-authorised UK platform with BRB Capital Group’s SEC-regulated Nigerian operations, creating cross-border investment infrastructure for the £8.1bn UK-Nigeria trade corridor