Business

Dangote Refinery resumes petrol loading in Naira at N1,215 per litre

•As depots, filling stations adjust prices By Udeme Akpan, Energy Editor Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Checks by Vanguard showed that the refinery has fixed […]
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NCDMB launches 2025/26 innovation challenge for oil, energy solutions

By Udeme Akpan, Energy Editor The Nigerian Content Development and Monitoring Board, NCDMB, has launched the Nigerian Content Research, Innovation and Technology Challenge 2025/2026, calling on innovators, research institutions, academia, oil and gas service providers and the general public to submit technology-driven proposals aimed at solving key industry challenges. The initiative, which commenced in December 2025, […]

Economic activities peak  as CBN’s  PMI rises to 57.6 index points 

By Elizabeth Adegbesan Economic activity in Nigeria peaked in December 2025 as the Purchasing Managers’ Index (PMI) rose to 57.6 points, the highest monthly expansion recorded in the year, according to the Central Bank of Nigeria (CBN). The increase from 56.4 points in November reflects a stronger and broad-based improvement in business conditions across key sectors […]

NDIC reaffirms fiscal compliance, seeks exemption to boost reserves

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has reaffirmed its strict compliance with fiscal and financial regulations, including the Fiscal Responsibility Act, FRA, 2007, stressing that it has consistently remitted the required portion of its earnings to the Federal Government. The Managing Director/Chief Executive of NDIC, Mr. Thompson Oludare Sunday, stated this during […]

2026: FG to identify export products in 774 LGAs under AfCFTA drive

By Progress Godfrey  ABUJA – Nigeria is set to deepen its participation in the African Continental Free Trade Area (AfCFTA) in 2026, with the Federal Government moving to identify at least one exportable product in each of the country’s 774 local government areas as part of a broader strategy to scale production, boost non-oil exports […]

Class54 launches AI tools to support JAMB, WAEC candidates ahead of 2026 exams

By Emmanuel Okogba Nigerian education technology platform Class54 has introduced new artificial intelligence–powered features aimed at supporting students preparing for major secondary school examinations, including JAMB (UTME), WAEC, and Post-UTME. The EdTech platform has helped over 300,000 students across Nigeria prepare for and pass local and international examinations through mobile-based practice, offline learning resources, and online […]

NEW TAX REGIME: NRS takes over FIRS

The Federal Inland Revenue Service, FIRS, has dissolved into Nigerian Revenue Service, NRS, as Nigeria’s new tax regime kick-starts today.

Nigeria’s new tax laws:  What they really mean for you

By Babajide Komolafe Have you heard the buzz about Nigeria’s new tax laws? If your first reaction is to sigh and flip the page, you’re not alone. For many Nigerians, taxes feel distant, complicated, and sometimes unfair. But this time, the changes are too important to ignore because they touch almost every aspect of our economic lives—from […]

GTCO raises additional capital via private placement 

By Emeka Anaeto, Business Editor  Guaranty Trust Holding Company Plc (GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements.  The Company had earlier on […]

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