Business

FG’s crude export earnings dip 14% to $31.54bn in 2025 — CBN

By Ediri Ejoh The Federal Government’s (FG) crude oil export earnings fell 14.41 percent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil prices arising from a global supply glut in the review period. The Central Bank of Nigeria, CBN, made […]
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REFORMS: Tax Ombud steps in to protect taxpayers, rebuild public trust

…Unveils digital complaint portal, call centre By Emeka Anaeto, Business Editor As the Federal Government pushes ahead with its comprehensive fiscal realignments, a critical missing link in the nation’s tax ecosystem has finally been plugged with the formal operationalisation of the Office of the Tax Ombud. The move is designed to safeguard corporate and individual taxpayers […]

Access Bank unveils App to support SMEs

By Cynthia Alo Access Bank Plc has launched a new artificial intelligence (AI)-powered application, Access SME App, designed to help Small and Medium-sized Enterprises (SMEs) manage their daily business operations from a single application. The app was formally unveiled during the bank’s maiden SME conference held over the weekend in Lagos themed, “AI for SMEs: Scaling […]

REA targets 3.7GW solar manufacturing to close Nigeria’s power gap

By Obas Esiedesa The Rural Electrification Agency (REA) has unveiled plans to establish 3.7 gigawatts (GW) of local solar photovoltaic (PV) panel manufacturing capacity by the end of 2027 as Nigeria intensifies efforts to expand electricity access and reduce dependence on imported renewable energy equipment. Managing Director of the agency, Engr. Abba Aliyu, disclosed the initiative […]

Blue chip stocks add N2.5trn to market capitalisation as rally continues

By Peter Egwuatu  The Nigerian stock market maintained a bullish run Week-on-Week, WoW, on renewed demand for large-capitalised stocks pushing the benchmark Nigerian Exchange Limited, NGX All-Share Index (ASI)  to 247,357.40 points. The positive reading reflected the stronger investor appetite for selected blue-chip and fundamentally strong stocks, with gains concentrated across the banking, consumer goods and […]

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