Business & Economy - Page 19

The Nigerian Upstream Petroleum Regulatory Commission has advanced the country’s 2025 oil and gas licensing round to a decisive phase, announcing the completion of the pre-qualification process and the notification of successful applicants. The development marks a significant transition from the initial

The Office of the United States Trade Representative (USTR) officially launched a formal investigation into Nigeria and 59 other economies. This move is part of a broader “labour rights crackdown” by the U.S. government under Section 301 of the Trade Act of

Nigeria is making a decisive move to reclaim its leadership role on the continent. As of March 2026, the “Africa-First” strategy has evolved into a centerpiece of President Bola Tinubu’s foreign policy, specifically aimed at integrating Nigeria more deeply with the Global

State governments across Nigeria and the Federal Capital Territory (FCT) are expected to receive a fresh financial boost following a recommendation by the Federation Account Allocation Committee (FAAC) to distribute ₦92.8 billion in withholding taxes collected on their behalf. The recommendation emerged

The FinTech Association of Nigeria says recent regulatory measures by the Central Bank of Nigeria (CBN) will strengthen banking security, curb fraud and boost trust. Adesanya spoke on the sidelines of an induction and award ceremony organised by the Chartered Institute of

A renowned economist, Dr Chijioke Ekechukwu, says Nigeria could have recorded a major economic windfall from the current surge in global crude oil prices if the country’s crude oil production was operating at full capacity. Ekechukwu, the Group Managing Director/Chief Executive Officer

The Naira on Friday closed the week on a positive note, appreciating at the official market to settle at N1,366.23 against the U.S. dollar. Data published on the website of the Central Bank of Nigeria (CBN) showed the Naira gained N5.27 during

The Governor of Abia State, Dr. Alex Otti, has disclosed that the state government is ready to sign a Memorandum of Understanding (MoU) with Presco PLC to invest in palm oil production and processing in the state. Presco PLC is a market

President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long‑awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, marking a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth.