•As cease fire deal eases supply fears By Yinka Kolawole,  with agency report   Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply. According to Reuters, Brent crude futures declined by $1.53, […]

•Wipes out profit, dividend By Peter Egwuatu TotalEnergies Marketing Nigeria Plc has attributed its decision not to pay a dividend for the financial year ended December 31, 2025, to the severe challenges that confronted the downstream petroleum industry during the year. The company reported a loss after tax of N13.853 billion in 2025, reversing the N27.496 […]

By Elizabeth Adegbesan The  Federal Government (FG) has allocated two additional crude oil export terminals to Swede Control Intertek Limited, one of the country’s pre-shipment inspection agents. The approval was announced in a statement signed by the Director of Trade and Exchange Department at the Central Bank of Nigeria (CBN), Aderinola Shonekan. According to the apex […]

By Efe Onodjae Chairman of Nigerian Exchange Group (NGX), Dr. Umaru Kwairanga, has called for deeper policy reforms, stronger institutions and improved corporate governance to enhance Nigeria’s long-term economic competitiveness. Speaking at the 2026 PEARL Awards Corporate Summit in Lagos, Kwairanga said Nigeria’s economic transformation depends on the quality of its policy environment, institutional resilience and […]

•Clarifies pre-2026 tax obligations By Emma Ujah,  Abuja Bureau Chief The  Federal Government (FG) has released the General Guidelines for the implementation of the Tax Acts 2025, outlining the transition process from the repealed tax laws to the new tax framework, which takes effect from January 1, 2026. A major provision of the guidelines is that […]

Golden Penny Foods Limited has reaffirmed its commitment to strengthening its nationwide distribution network; plans to invest about N45bn

By Rosemary Iwunze Mutual Benefits Assurance Plc has said a situation where only about six per cent of adults can currently access credit through formal financial institutions, is not ideal. According to the company, while access to credit remains important for economic growth, financial protection mechanisms are equally essential in helping individuals and businesses withstand […]

By Rosemary Iwunze Amidst efforts by the National Pension Commission, PenCom, to include informal sector workers in the pension scheme, the Personal Pension Plan, PPP, which caters to the informal sector, has remained stagnant. While the PPP has 215,412 registered Retirement Savings Accounts, RSAs, only 17,320 of these RSAs, which represents 8.0 per cent, have received […]

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 […]