Only 6 Banks Pay N1.27trn Dividends Despite Huge Profits
Only six of Nigeria’s biggest listed banks rewarded shareholders with a combined N1.27 trillion dividend for the 2025 financial year, while five other profitable lenders were...
ELECTRICITY: Liquidity Crisis Worsens As FG Pays 4% Of N1.9trn Subsidies
The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with...
FG Takes Over Revenue Management Of NNPC, Customs, FIRS, NCC, Others
The Federal Government on Tuesday moved to boost its resources by directly taking over control of revenue management of its 10 most lucrative Enterprises....
Collaborative Effort Between NIMASA, The Port Facility Security Officers Forum Of Nigeria (PFSOFN)
Key Highlights: 1. National Maritime Security Strategy in the Works NIMASA, Nigeria’s Designated Authority for implementing the ISPS Code, is leading efforts to formalize a...
VAT Revenue Increased By 37% To N4.12trn In H1’25
Revenue generated through Value Added Tax (VAT) rose by 37.7 percent year-on-year to N4.12 trillion in the first half of 2025 (H1’25), up from...
Why Strengthening Nigeria’s Banks Matters
 “The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to...
Naira Appreciates To N1,385/$ In Parallel Market
The Naira yesterday appreciated to N1,385 per dollar in the parallel market from N1,390 per dollar on Tuesday. Similarly, the naira appreciated to N1,369 per...
Nigeria’s Inflation Rises To 15.75%, Highest Since 2017
The inflation rate in Nigeria jumped in December to its highest level in more than three years, data released on Friday by the National...
IPPIS: ASUU mobilises members for strike
Academic Staff Union of Universities (ASUU) has threatened to embark on strike if the Accountant General of the Federation stops salaries of lecturers this...
National Economic Council Suspends Fuel Subsidy Removal
The National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration. The Minister...
