Afreximbank underlines $2.5 billion commitment; syndicated facility consolidates construction debt and positions refinery for next growth phase The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior…
NDIC says banks' recapitalisation drew ₦4.61tn in fresh capital, as it reveals faster depositor payouts and ₦950bn in remittances. The Nigeria Deposit Insurance Corporation (NDIC) has revealed that the recently…
Dangote Refinery has purchased its first Middle Eastern crude cargoes from the UAE as domestic supply shortfalls force Nigeria's largest refinery to diversify its feedstock sources. The Dangote Petroleum Refinery…
Finance Minister Taiwo Oyedele says Nigeria's tax problem is not about raising rates but ensuring compliance, warning that the country is still not collecting enough tax revenue. Nigeria is failing…
As the Presidential Metering Initiative (PMI) prepares to train thousands of young Nigerians in meter installation, the opportunity on offer is far bigger than closing the metering gap. It is…
DangoteRefinery says alleged fuel re-importation lacks commercial logic. Dangote Refinery has denied claims that its refined petroleum products are exported to Lomé, Togo, and later re-imported into Nigeria, describing the…
Dangote Refinery strengthened its dominance of Nigeria’s fuel market in May, supplying nearly 88 per cent of the country’s petrol needs as diesel imports fell to zero. The Nigerian Midstream…
Mining sector reforms take centre stage as SMDF-EMERGE targets exploration gaps, formalisation, and investment growth to curb Nigeria's illegal mining losses By Aisha Kabiru Mohammed In the dusty heat of…
Nigeria’s new tax regime takes shape as FG releases transition guidelines ahead of 2026 rollout. The Federal Government has released transition guidelines for the implementation of the Tax Acts 2025,…
Despite recent FX reforms and some gains in the foreign exchange market, the IMF says the naira still has a significant gap to close. Naira The International Monetary Fund (IMF)…
