Nigeria generated N4.76 trillion in company income tax (CIT) in the first half of 2025, marking a 38 per cent rise from the N3.45 trillion recorded in the same period of 2024, according to fresh data from the National Bureau of Statistics (NBS).

•Tier-2 banks lead rise in deposit •Two banks record decline By Babajide Komolafe, Economy Editor Top ten banks in Nigeria have accumulated N33.24 trillion in savings deposits in  the nine months ending September 2025, a 6.8 per cent increase from N31.13 trillion in the  same period of 2024. A breakdown of the financial statements of the banks […]

By Obas Esiedesa, Abuja The International Energy Agency (IEA) has commended ongoing reforms in Nigeria’s upstream petroleum sector, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) explained how the Petroleum Industry Act (PIA) 2021 has fundamentally reshaped governance, improved transparency, and strengthened investor confidence in the industry. A statement by the Commission on Wednesday said a […]

By Udeme Akpan Dangote Group has put in place a series of strategic technical partnerships to support the next phase of expansion of its fertiliser operations in Nigeria, as well as the development of new fertiliser plants in Ethiopia. The company said the collaborations mark a significant step in its long term plan to strengthen regional […]

The equities market halted its bullish run on Wednesday, posting a loss of N444 billion after renewed selloffs hit several major stocks.