Explainer: Fiscal years are defined by law, not the calendar- Budget Office
The Budget Office of the Federation acknowledges public concerns regarding the publication timeline for the recent Quarterly Budget Implementation Reports and considers it important to provide clarification within the broader…
S&P lifts Nigeria’s ratings on improving macroeconomic profile
Credit ratings agency S&P upgraded Nigeria’s long-term sovereign rating to “B” from “B-” on Friday, citing improving credit worthiness. Higher oil production and prices, a large increase in domestic refining…
CBN emphasises corporate governance, by Arize Nwobu
After a successful round up of banks recapitalisation which started in 2024 and ended in March 31,2026, the Central Bank of Nigeria(CBN) has shifted focus and emphasis to corporate governance…
Nine ships laden with various commodities arrive Lagos ports — NPA
No fewer than nine ships have arrived Lekki, Tincan and Apapa ports in Lagos, waiting to discharge petrol, bulk fertilizer, gasoline, aviation fuel and diesel. The Nigerian Ports Authority (NPA)…
Dangote files new lawsuit against Nigeria over fuel import licences
Dangote Petroleum Refinery has filed a new lawsuit against Nigeria’s attorney general in a bid to overturn fuel import licences issued to marketers and the NNPC state oil firm, court…
Foreign buyers fuel illegal mineral trade in Nigeria – Report warns
Nigeria is losing vast mineral revenues to a web of illegal trading networks dominated by foreign buyers, shell companies and armed criminal groups, a joint government-civil society report said, highlighting…
IFC plans investment mission to Nigeria
The International Finance Corporation (IFC) has announced an immediate mission to Nigeria, targeting investment structures that can unlock private capital for strategic sectors. Managing Director, Diop Makhtar, disclosed the plan…
PenCom approves pension fund investment in Dangote Refinery public offer
National Pension Commission (PenCom) has granted regulatory forbearance to Pension Fund Administrators (PFAs) to invest pension fund assets in the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery &…
Lagos disbursed N1.9bn loans, grants to 4,000 MSMEs in 2025 – Commissioner
The Lagos State Government says it disbursed about N1.9 billion in loans and grants to Micro, Small and Medium Enterprises (MSMEs) across the state in 2025. The Commissioner for Wealth…
30 vessels to arrive Lagos ports with petroleum products, food, others – NPA
The Nigerian Ports Authority (NPA) says 30 ships with petroleum products, food items and other goods are expected in Lagos on Thursday. The NPA in its Daily Shipping Position said…