Stanbic IBTC, Abia State partner to deepen MSME growth
By Peter Egwuatu Stanbic IBTC Bank has affirmed its commitment to accelerating the growth of Micro, Small and Medium Enterprises (MSMEs) across Nigeria through strategic partnerships with state governments and institutions committed to creating enabling environments for businesses to thrive. The bank made this commitment during its Nigeria Business Summit Regional Tour held in Aba, in […]
New tax implementation to reduce compliance burdens —RMAFC Boss
By Emma Ujah, Abuja Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Shehu, has said the implementation of new tax laws, starting January 1, 2026, will reduce the burden of compliance and create a more predictable fiscal environment. Shehu made this remark at the National Stakeholders’ Discourse themed “Enhancing Fiscal Efficiency and […]
Petrol supply rises 55% to 71.5m litres daily
•As consumption hits 52.1m litres By Ediri Ejoh 7 The supply of Premium Motor Spirit (PMS), also known as petrol, increased to 71.5 million litres per day in November 2025 from 46million litres per day in October, indicating an increase of 55 per cent. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said the volume […]
DMO to States: Borrow responsibly, in line with law
Emma Ujah, Abuja Bureau Chief The Debt Management Office (DMO) has urged state governments to strictly comply with the provisions of the Fiscal Responsibility Act and other relevant laws in their borrowing activities. Director-General of the DMO, Ms. Patience Oniha, gave the charge at a workshop on borrowing guidelines for officials of state governments, held in […]
SEC directs market operators to renew registration from Jan 1st
By Peter Egwuatu The Securities and Exchange Commission, SEC has directed capital market operators to renew their registration from January 1 to 31, 2026. In a bid to make the process as seamless as possible, the Commission also disclosed that it will commence electronic receipt and processing of applications for registration and updates of registration information in […]
Capital importation declines 62% to $1.13 bn
*As Foreign Direct Investment rises 140% By Elizabeth Adegbesan Nigeria’s capital importation fell by 62 percent month-on-month, MoM, to $1.13 billion in August from $2.98 billion in July 2025. Nigeria’s Foreign Direct Investment, FDI, increased by 140 percent, MoM, to $120 million in August 2025 from $50 million in the previous month. The Central Bank of […]
