Nigeria and Poland have committed to deepening economic cooperation and fast-tracking strategic investments, following a high-level meeting between the Nigerian Finance Minister, Wale Edun, and Poland’s Deputy Foreign Minister for Africa, Wojciech Zajączkowski. The bilateral talks, which took place in Abuja, focused on boosting trade and unlocking new avenues for private-sector partnerships across key sectors of the Nigerian economy. READ ALSO: African Union refutes Trump’s genocide claim in Northern Nigeria Edun…

The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the final deadline for digital lenders to fully comply with the digital, electronic, online and non-traditional consumer lending regulations, 2025. The regulations, which became effective on July 21, 2025, under the Federal Competition and Consumer Protection Act (FCCPA) 2018, aim to instil fairness, transparency, and accountability within Nigeria’s rapidly expanding digital lending space. To aid operators…

The Central Bank of Nigeria (CBN) hosted its 2025 Executive Policy Seminar, gathering prominent economic thinkers, policymakers, and industry stakeholders to deliberate on national economic strategies. The seminar, themed “Reforms, Disinflation and Sustainable Growth,” focused on recalibrating Nigeria’s economic path toward a more inclusive, transparent, and competitive future. CBN Governor Olayemi Cardoso underscored the importance of policies that ensure economic progress is broadly shared, stating that “the economy belongs to…

The Ogun State Government has ramped up its revenue generation strategy, setting an ambitious target of ₦500 billion in Internally Generated Revenue (IGR) to finance the 2026 fiscal year. Governor Dapo Abiodun announced the goal yesterday, during the Treasury Board meeting focused on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and the 2026 Budget, held at the Obas Complex, Oke-Mosan, Abeokuta. The governor declared that, given the state’s status as Nigeria’s…

The Federal Government, FG, through its Investment in Digital and Creative Enterprises (iDICE) programme, has announced a milestone by serving as an anchor investor in the first close of a new venture fund, while also confirming plans to launch two additional investment funds in 2026. The announcement was made in a statement on Monday, detailing the formal kick-off of the iDICE programme’s investing phase. The iDICE initiative has provided an…

The Minister of Budget and Economic Planning, Atiku Bagudu has called for a results-oriented partnership between Nigeria and Germany to help Nigeria achieve its ambitious target of becoming a $1 trillion economy by 2030. The Minister made the call in Abuja during a visit by a high-level delegation from the Giessen Chamber of Commerce and Industry (IHK Giessen-Friedberg) of Germany, led by its Chief Executive Officer, Matthias Leder. The meeting,…

The Federal Government (FG) has appointed John Nwabueze as the nation’s inaugural Tax Ombudsman. The appointment, made in accordance with the Joint Revenue Board of Nigeria (Establishment) Act, 2025, is a key component of President Bola Tinubu’s commitment to implementing significant reforms in the country’s tax and revenue administration framework. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the development via a State House press…

Billionaire Femi Otedola has commended President Bola Tinubu for his bold and decisive step in implementing a 15% import tariff on petrol and diesel. In a statement posted on his X page on Monday, the business mogul called the policy a crucial measure for protecting Nigeria’s burgeoning domestic refining industry. READ ALSO: Femi Otedola increases stake in First Holdco Otedola emphasised that the tariff is vital for safeguarding local industries that…

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has labeled recent media reports suggesting that foreign investors are upset by Nigeria’s new Capital Gains Tax (CGT) as inaccurate and misleading. Taking to his X handle yesterday, Oyedele clarified that his recent discussion with financial stakeholders was misrepresented by certain news outlets. The new CGT is part of the four tax reform bills signed into law…

The Federal Competition and Consumer Protection Commission (FCCPC) has hailed two recent High Court rulings in Lagos and Enugu states as significant victories that reinforce consumer protection and accountability in the Nigerian marketplace. The Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, welcomed the judgments on Monday, stating they strengthen consumer confidence and demonstrate the robustness of the Federal Competition and Consumer Protection Act (FCCPA), 2018. In…

The Central Bank of Nigeria (CBN) has released a total of $1.259 billion to oil sector players for the importation of petroleum products and related items in the first quarter of 2025, New Daily Prime reports. The disbursement comes amid ongoing insistence by petroleum marketers to continue importing fuel, despite the availability of locally refined petrol from the Dangote Refinery. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority…

The President of Dangote Industries Limited, Aliko Dangote, has announced a massive expansion of the Dangote Petroleum Refinery, vowing to ensure a stable and anxiety-free supply of Premium Motor Spirit (PMS) throughout Nigeria’s festive “ember months.” Dangote revealed yesterday that the refinery’s capacity will be expanded from its current 650,000 barrels per day (bpd) to 1.4million bpd over the next three years. Once completed, the $20 billion facility will surpass…