The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has expressed concern over the continued issuance of import licenses for petroleum products despite the refinery's proven ability to meet and exceed Nigeria's national Premium Motor Spirit (PMS) requirements.
The refiner...
The Nigerian Financial Intelligence Unit (NFIU) received more than 28.1 million reports on transactions involving politically exposed persons (PEPs) in 2025, highlighting the scale of compliance by financial institutions with anti-money laundering and anti-terrorist financing regulations.
The NFIU, in its...
The African Export-Import Bank (Afreximbank) has revealed that the Bank's total assets and contingencies increased by 7.8 percent in the first half (H1) of 2026.
Afreximbank revealed that the Group and its subsidiaries delivered strong financial performance for the six-month...
The Special Adviser to President Bola Tinubu on Media and Public Communications, Chief Sunday Dare, has said that many of the taxes currently levied by the Federal Government are not new, but levies that have existed for years without...
•Urges NRS to clarify process for crediting one percent of WHT toward final income tax
Nigeria's Capital Gains Tax (CGT) regime has been significantly expanded under the Nigerian Tax Act 2025, and foreign company transactions may attract tax in Nigeria...
Dangote Oil Refinery has increased its Premium Motor Spirit (PMS) from N1,165 to N1,185, amid a rise in global crude oil prices.
The new price is expected to come into effect from midnight on Friday, August 21, 2026, according to...
The Mentoring Assistance Initiative for Youth and Entrepreneurs (MAYEIN), last Saturday in Ibadan, advised and supported young people and their businesses in commemoration of International Youth Day, with the theme “Different contexts, same aspirations”.
The event brought together young entrepreneurs...
Nigeria's economy is expected to gain stronger momentum in the second half of 2026, with growth expected to rise to 4.5 percent and full-year Gross Domestic Product (GDP) expansion to reach about 4.2 percent, the Nigerian Economic Summit Group...
The National Automotive Design and Development Council (NADDC) has revealed that Nigeria's vehicle market is dominated by used vehicles (popularly known as tokunbo) at 90 percent.
Speaking at the weekend in Abuja, the Director of Media, Mrs. Susan Taiwo, in...
Nigeria's foreign exchange reserves have surpassed $52.5 billion, reaching their highest level in 17 years, the Central Bank of Nigeria (CBN) announced.
The apex bank also revealed that headline inflation moderated from 15.91 percent in June to 15.43 percent in...
