News

The Corporate Affairs Commission has given about 100,000 companies 90 days to comply with statutory filing requirements or risk being struck off its register. Affected companies must file outstanding Annual Returns and disclose Beneficial Ownership information to avoid...

 NERC's latest directive has ignited a dispute over who has the authority to regulate electricity investments as Nigeria's power market becomes increasingly decentralised.  DisCos and state regulators argue the Order goes beyond NERC's powers, while the Commission says...

Nigeria's external reserves climbed to $51.86 billion, their highest level since 2009, strengthening the country's foreign exchange buffer. Higher oil receipts, stronger export earnings, and renewed foreign investor inflows have combined to drive the steady build-up in reserves. ...

President Tinubu says his administration's bold economic reforms are laying the foundation for Nigeria's future, insisting the temporary hardships are necessary to achieve lasting prosperity and macroeconomic stability. Deloitte Africa endorses the Federal Government's fiscal and financial reforms,...

FAAC shared ₦2.55 trillion among the Federal Government, states and local governments after gross federation revenue surged 32.6 percent to ₦4.5 trillion in June. Stronger collections from Companies Income Tax, VAT, petroleum royalties, and import duties boosted the...

The NCAA has banned the Pilot-in-Command from operating in Nigerian airspace, suspended the First Officer, and grounded the Bombardier Challenger business jet after it mistakenly landed on a road under construction near Asaba Airport. NCAA Director-General Captain Chris...

Police Service Commission releases names of successful applicants in the ongoing nationwide recruitment exercise aimed at enlisting 50,000 Police Constables into the Nigeria Police Force Candidates who sat for the written examination can check their status from 12:00...

Investor wealth rose by ₦390 billion as market capitalisation climbed to ₦156.239 trillion despite a slight dip in the benchmark index. First Holdco rallied nearly 10 percent to lead 33 gainers, extending buying interest in banking and mid-cap...

Senate approves a ₦50 million support package for the families of two teachers and three security personnel who lost their lives during the Oyo school abduction and rescue operation. Senate President Godswill Akpabio says the intervention is a...

Headline inflation eased marginally to 15.91 percent in June from 15.93 percent in May, while monthly inflation slowed to 1.66 percent Food inflation accelerated to 3.75 percent month-on-month as prices of tomatoes, fresh pepper, crayfish and other staples...