Nigeria lost an estimated $839.22 million in oil revenue in the first four months of 2026 after failing to meet its 1.5 million barrels per day (mbpd) crude oil production quota set by the Organisatio...
Nigeria’s headline inflation rate has gone up again, the third consecutive month, in May 2026, hitting 15.93 percent The National Bureau of Statistics, NBS, announced the increase in its latest consum...
Nigeria’s telecommunications and digital services company, Globacom, has launched a new data initiative aimed at heavy internet users, introducing enhanced bundles under its “More Data More Value” off...
Africa can unlock more than $469bn in additional annual revenue without raising statutory tax rates, according to the African Development Bank. Chief Economist and Vice President for Economic Governan...
Segilola Resources Operating Limited has commissioned infrastructure and community development projects in Osun State, including a rehabilitated road network and a community-owned water production fac...
The Nigeria Revenue Service (NRS) says it has identified significant leakages in the deduction and remittance of value-added tax (VAT) and withholding tax by some states and government agencies. Amina...
The Nigerian Communications Commission (NCC) has commenced a review of Nigeria’s 26-year-old telecommunications policy, saying the current framework no longer reflects the realities of the country’s f...
Shareholders have confirmed the appointment of Tony Elumelu, chairman of Hiers Energies, an indigenous oil and gas company, as a non-executive director of the board of Seplat Energy. The appointment o...
Nigerian insurance firms paid a combined N15.2 billion in income taxes in 2025, more than double the N6.6 billion recorded in 2024, amid rising revenues and stronger earnings across the sector. The fi...
Aliko Dangote, president of the Dangote Group, says the company is targeting a private placement of about $2 billion for the refinery. Dangote announced the target when Femi Otedola, chairman of First...
