…commissions protocol lounge at Chinua Achebe international airport   In a move to enhance Anambra State’s aviation landscape, Governor Chukwuma Charles Soludo, has reaffirmed his administration’s commitment to improving aviation infrastructure across the state. Speaking at the commissioning of a new Protocol Lounge at Chinåa Achebe International Airport in Anambra State, Soludo said that it is part […]

The Central Bank of Nigeria (CBN) yesterday said it is working with the Nigerian Communications Commission (NCC) to create an industry-wide short code that will allow consumers to communicate with their financial institutions anytime, anywhere, with or without internet access. The Director, Consumer Protection and Financial Inclusion Department, CBN, Dr. Aisha Isa-Olatinwo, disclosed this at a […]

…As PenCom goes tough on pension defaulters By Rosemary Iwunze The total pension fund assets under the  Contributory Pension Scheme, CPS, increased by  2.2 per cent, month-on-month, MoM to N26.66 trillion in October 2025 from N26.09 trillion  in September 2025. National Pension Commission, PenCom, disclosed this yesterday in the unaudited report on pension funds industry portfolio […]

 –Imports hit 52m litres per day By Obas Esiedesa, Abuja Domestic supply of Premium Motor Spirit (PMS), commonly known as petrol, rose by 37.7 percent in November 2025 to 23.52 million litres per day, up from 17.08 million litres per day in October, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The […]

By Favour Ulebor, Abuja The Economic community of West African States has approved major changes aimed at reducing the high cost of flying within Nigeria and the entire West Africa region. In a statement yesterday, the Commission said Heads of State and Government had, at their December 2024 summit in Abuja, adopted a measure that will […]

By Babajide Komolafe The Central Bank of Nigeria (CBN) has introduced a limit of 25 per cent  on  the amount of cash beneficiaries can receive when accessing their Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from Bureau De Change (BDCs). The CBN disclosed this in a document titled, Frequently Asked Questions on Current Reforms of […]

…FG to consult more on CGT, other concerns By Emma Ujah, Abuja Bureau Chief   As the country gets ready to commence the new tax system next month, chairman of the newly inaugurated National Tax Policy  Implementation Committee (NTPIC), Mr. Joseph Tegbe, has said the new tax regime will be undertaken in a responsible and humane manner. […]

By Obas Esiedesa, Abuja NNPC Limited on yesterday  disclosed that oil production by its upstream subsidiary, NNPC E&P Limited (NEPL), has reached 355,000 barrels per day.  The company in a statement by Chief Corporate Communications Officer, Andy Odeh said the milestone was achieved on December 1, 2025, representing its highest daily output since 1989.  Odey noted […]

By Emma Ujah, Abuja Bureau Chief   The Central Bank of Nigeria (CBN) has launched a major overhaul of the Agricultural Credit Guarantee Scheme Fund (ACGSF), unveiling a new strategic direction aimed at expanding credit access to smallholder farmers and accelerating national food security efforts. Speaking in Abuja at the inauguration of the reconstituted ACGSF Board, CBN Governor, […]

By Rosemary Iwunze SUNU Assurances Nigeria Plc has secured the approval of its shareholders to embark on a major recapitalisation exercise aimed at raising N9 billion to meet new statutory capital requirements imposed under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. At the company’s Extraordinary General Meeting (EGM) held in Lagos, shareholders endorsed multiple […]

China has offered a significant boost to Nigeria’s export ambitions after its ambassador in Abuja, Yu Dunhai, announced that Beijing is prepared to fast-track a zero-tariff policy for Nigerian goods ahead of schedule. The move signals a fresh push to strengthen economic ties as both countries mark 55 years of diplomatic relations and prepare for the […]

By Yinka Kolawole Binding constraints have continued to slow down the growth of the manufacturing sector, with the sector recording a growth of 1.25 percent in the third quarter of 2025 (Q3’25), according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). Analysis of the Q3’25 GDP report […]

By Elizabeth Adegbesan As part of the Federal Government, FG’s borrowing plan for the 2025 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N4.72 trillion in the fourth quarter of 2025 (Q4’25). This represents a 168 percent quarter-on-quarter (QoQ) increase when compared to N1.76 trillion sold in Q3’25. The CBN […]

By Peter Egwuatu Nigeria has been ranked among top global sources of cybercrime given the reported huge losses in 2023. The Managing Director/ CEO, Union Bank Nigeria, Mrs.Yetunde Oni, revealed this during the 63rd Quarterly General Meeting, QGM, of the Association of Chief Audit Executives of Banks in Nigeria, ACAEBIN, held in Lagos over the weekend. […]

By Emma Ujah, Abuja Bureau Chief   The Federal Government, FG, is set to implement full cashless policy in the collection of its revenues, banning cash payments, with effect from January 1, 2026. Under the arrangement there will be a new mandatory e-receipt system (FTeR)  and full-scale rollout of the Revenue Optimisation (RevOp) Platform. A document released by […]