Nigerian business mogul Femi Otedola has commended President Bola Tinubu for signing the tax reform bills into law. In a statement posted on his X page on Friday, he described the move as a significant step towards creating a more transparent, efficient, and investment-friendly economy. READ ALSO: Femi Otedola celebrates Aliko Dangote, hails him as Africa’s greatest entrepreneur Mr Otedola welcomed the reforms, noting that they would simplify Nigeria’s tax system,…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised the alarm over what it described as a calculated sabotage campaign orchestrated by a network of individuals, both within and outside the organisation. In a statement released on Friday, NNPC Ltd. said the group behind the scheme is deliberately spreading falsehoods and misinformation aimed at undermining the company’s leadership and discrediting its reform efforts. According to the management, “Their tactics…

Nigeria’s Federal Government recorded a revenue of ₦6.9 trillion between January and April 2025, marking a significant 40% increase from the ₦5.2 trillion generated during the same period in 2024. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the Second Quarter 2025 Citizens and Stakeholders’ Engagement Session on fiscal performance and reform outlook held in Abuja on Monday. Highlighting the administration’s…

Vice President Kashim Shettima has called for the integration of Africa’s vast informal economy into the formal intra-African trade structure, stressing that the continent’s future prosperity hinges on this transformation. He spoke  on Monday at the opening of the 4th African Union Micro, Small and Medium Enterprises (MSMEs) Forum in Abuja. Mr Shettima emphasised that the African Continental Free Trade Area (AfCFTA) presents a vital opportunity to formalise the informal…

Retail stations operated by the Nigerian National Petroleum Company Limited (NNPCL) on Monday adjusted pump prices of Premium Motor Spirit (PMS), also known as petroleum, pushing them to ₦945 per litre in the Federal Capital Territory and ₦915 in Lagos, marking a new high in Nigeria’s deregulated fuel market. The latest increase reflects a ₦35 jump in Abuja and a ₦45 rise in Lagos, from previous prices of ₦910 and…

The Federal Government (FG) is poised to sign more than 30 Memoranda of Understanding (MoUs) as the second Nigeria-Brazil Strategic Dialogue Mechanism (SDM) kicks off in Abuja on Monday, 23 June 2025. The high-level engagement, centred on agriculture, energy, defence, innovation, the creative economy, and other strategic sectors, aims to drive investment, deepen bilateral cooperation, and expand Nigeria’s global partnerships under President Bola Tinubu’s Renewed Hope Agenda. Speaking at a…

For the first time, Nigeria’s Dangote Petroleum Refinery is set to export a 90,000 metric ton shipment of Premium Motor Spirit (PMS) — commonly known as petrol — to an Asian market, according to a Reuters report citing a source familiar with the deal. The shipment, facilitated by global commodity trading firm Mercuria, is scheduled to be loaded on June 22. Until now, the company’s petrol exports have remained within…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, have met with the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, as part of efforts to strengthen the alignment between fiscal and monetary policies. In a statement signed by Mohammed Manga, Director of Information and Public Relations, the meeting, which took place in Abuja, came on the heels of a positive development in the economy,…

Insecurity is the biggest threat. Armed groups have driven farmers off their lands, especially in food-rich states like Benue.

President Bola Tinubu has urged African leaders and financial institutions to work collaboratively and deploy the continent’s sovereign wealth funds with discipline and foresight to address pressing developmental challenges, including infrastructure deficits, climate resilience, and youth unemployment. Speaking on Monday in Abuja through Vice President Kashim Shettima at the opening of the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), Mr Tinubu stressed the importance of regional cooperation…

The Dangote Petroleum Refinery has unveiled a new initiative that will see petrol and diesel delivered at no cost to fuel marketers, distributors, and major consumers throughout Nigeria. The refinery, located in Lagos, confirmed in a statement on Sunday that the programme is set to launch on 15 August 2025. To facilitate the scheme, the company has acquired 4,000 newly manufactured tankers powered by Compressed Natural Gas (CNG). READ ALSO: Nigerians…

Governor Chukwuma Soludo of Anambra State has praised President Bola Tinubu for pulling Nigeria’s economy back from the brink of collapse, describing his administration’s structural reforms as ‘audacious’ and necessary. Speaking at ‘The Platform Nigeria’— a national discourse hosted by Poju Oyemade and The Covenant Nation, Mr Soludo said Mr Tinubu’s economic policies returned the country’s public finances to solvency and a path of macroeconomic stability. “The audacious structural reforms…