W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
Sterling HoldCo projects strong year-end performance
Sterling Financial Holdings Company Plc (Sterling HoldCo) says it is on track to sustain its growth momentum into the final quarter of 2025, projecting gross earnings of ₦149.27 billion for the period ending December 31.
No immediate plan to implement 5% fuel tax —Edun
•Oyedele defends 5% fuel surcharge, says not to burden Nigerians •FG gazettes tax reform laws, implementation to begin January 2026 By Emma Ujah, Abuja Bureau Chief The Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister […]
CSCS, regulators, operators rally to execute T+2 settlements in November
By Peter Egwuatu The Central Securities Clearing System (CSCS) Plc, Nigeria’s premier clearing and settlement house, has received strong backing from capital market regulators and operators for its transition to a T+2 settlement cycle, scheduled to commence on 28th November 2025. This move marks a significant milestone in advancing efficiency, risk mitigation, and global competitiveness […]
Energy Transition: NEITI tasks CSOs on tracking govts, companies’ commitments
By Obas Esiedesa, Abuja The Nigeria Extractive industries Transparency Initiative (NEITI) has urged civil society organisations (CSOs) to take a leading role in holding governments and companies accountable for their energy transition commitments. Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, made the call in Abuja during a courtesy visit to the Executive Director of the […]
Customs, defence bureau test locally built airboat for anti-smuggling operations
By Providence Ayanfeoluwa To strengthen maritime security and enhance anti-smuggling operations, the Nigeria Customs Service, NCS and Defence Research and Development Bureau, DRDB have jointly tested a homebuilt airboat at Jabi Lake, Abuja. The locally developed vessel, designed to maneuver in shallow and hard-to-reach waterways, was inspected and taken on a test run by officers […]
