Recapitalisation: Banks narrow options to gain speed
Banks are narrowing down their options to private equity and business restructuring as the final phase of the banking recapitalisation gathers momentum.
Regulatory sources yesterday...
Tinubu approves 15% import duty on petrol, diesel
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.
The initiative is...
32-Page Passport Now ₦100,000, 64-Page ₦200,000 — Nigeria Immigration
The Nigeria Immigration Service (NIS) has increased the fees for 32-page five-year and 64-page 10-year travel passports.
In a statement on Thursday, Immigration spokesman, A.S....
Naira ends July at 1,533.55/$, down 0.25%
The naira closed out July 2025 at N1,533.55/$ at the official market, the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria...
NNPCL declares N1.054 trillion profit for May 2025
ABUJA – The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of ₦1.054 trillion for the month of May 2025,...
Quitting Nigeria does not absolve Meta of liabilities, says FCCPC
The Federal Competitive and Consumer Protection Commission (FCCPC) has said that WhatsApp’s claim of being forced to exit Nigeria due to the commission’s recent fine...
Nigeria Loses $17.72bn Annually To Illicit Financial Flows — Minister
The federal government has stated that Africa loses an estimated $88.6 billion annually to illicit financial flows, with Nigeria accounting for approximately 20% of...
Meta Threatens To Shut Down Facebook, Instagram In Nigeria Amid $290million Fines, Regulatory Disputes
Nigerians may soon lose access to Facebook and Instagram as tech giant, Meta considers shutting down both platforms in the country due to mounting...
Return of Naira-for-crude deal raises stable petrol price hope
Policy now permanent for energy security, end to reliance on forex in domestic market
Experts and industry stakeholders foresee a stable, affordable and competitive...
Nigeria Eyes $20bn Annual Revenue From Space Technology – FG
The federal government has announced it is targeting to generate over $20bn annual revenue from Nigeria’s evolving space economy, leveraging on a newly launched...