The Nigerian Midstream and Downstream Petroleum Regulatory Authority has called off the implementation of the proposed 15 per cent of valorem import duty on imported Premium Motor Spirit and Diesel. This was contained in a statement posted on its X…
The National Agency for Food and Drug Administration and Control has announced that the production and sale of alcoholic beverages in sachets and bottles smaller than 200 millilitres will be prohibited by December 2025. The agency’s Director General, Mojisola Adeyeye,…
Nigeria has reaffirmed commitment to strengthening trade and investment relations with Indonesia. The two countries deepened their ties during the fourth Nigerian–Indonesian Investment and Trade Forum in Jakarta hosted by the Nigerian–Indonesian Chamber of Commerce and Industry. The event was…
The French government has pledged confidence in Nigeria’s economic reforms. It also pledged to invest deeper across key sectors such as energy, manufacturing, and technology. Speaking at a press conference in Lagos on Monday ahead of the 40th anniversary of…
President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion borrowing from the domestic debt market to finance the deficit in the 2025 budget. The request was contained in a letter read on Tuesday by…
Bokku Mart has tendered a public apology after it faced widespread criticism for a viral advertisement that was widely condemned. It all began when a female influencer, identified as Defolah, featured in a promotional video on the supermarket’s social media…
President Bola Ahmed Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is aimed at protecting local refineries and stabilising the downstream market, just as it is…
The Federal Government on Wednesday, signed a $400 million cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal was signed in Abuja between the Federal Ministry of…
Elon Musk’s company xAI launched Grokipedia on Monday to compete with online encyclopedia Wikipedia, which he has accused of ideological bias. The site dubbed version 0.1 had more than 885,000 articles by Monday evening, compared to Wikipedia’s more than seven…
The Financial Action Task Force has officially removed Nigeria from its list of jurisdictions under increased monitoring, also known as the grey list. The decision was taken at the FATF October 2025 Plenary in Paris, France, following the country’s successful…
