business
The Debt Management Office (DMO) has announced plans to raise N200 billion through a bond auction. The offering includes the reopening of the June 2032 bond at 17.95% and a new five-year FGN AUG 2030 bond. The auction takes place Monday, with settlement on Wednesday. Minimum subscription is pegged at N5,000, with semi-annual interest payments. […]
Nigeria and the Republic of Benin have signed a historic Memorandum of Understanding on August 18, 2025, to strengthen collaboration between local governments and traditional authorities along their shared border. The grassroots-focused agreement, aligned with AU and ECOWAS frameworks, seeks to tackle cross-border crimes, boost economic development, and revive cultural ties disrupted by colonial-era boundaries. […]
New Hampshire Capital, a key Meter Asset Provider, has introduced new pricing for prepaid meters under the Meter Asset Provider (MAP) scheme for Ikeja Electric customers. Effective from August 6 to October 6, 2025, single-phase meters are priced at N124,000, and three-phase meters at N215,000, both inclusive of installation costs. Oluwakemi Omirin, […]
President Bola Tinubu’s administration has pledged to restore Nigeria’s struggling steel industry, targeting the revival of key facilities like the Ajaokuta Steel Company and National Iron Ore Mining Company in Itakpe. Announced at the National Steel Stakeholders’ Summit in Abuja, the initiative aims to produce 10 million tonnes of liquid steel by 2030, create […]
President Bola Tinubu has ordered a review of revenue deductions by agencies like the Federal Inland Revenue Service (FIRS), Nigeria Customs Service, and NNPC to increase public savings and drive economic growth. Announced at the Federal Executive Council meeting, the directive targets inefficiencies, including NNPC’s 30% management and exploration fees. Finance Minister […]
The National Credit Guarantee Company (NCGC) and YouthCred initiative are revolutionizing Nigeria’s financial landscape by improving access to finance for SMEs, manufacturers, and consumers. The NCGC, with an initial capital commitment of ₦100 billion, aims to unlock access to credit and drive inclusive economic growth. Concurrently, the government launched YouthCred, a CREDICORP-managed initiative providing affordable […]
The Federal Government has expressed commitment to making the South-South region a hub for commercial gas utilization due to its huge reserves, infrastructure potential, peaceful investment climate, and readiness of governments and people to partner for development. Ekperikpe Ekpo, Minister of Petroleum Resources (Gas), made this known in an address at the South-South Gas Utilization […]
The Central Bank of Nigeria (CBN) has raised concerns that rising input costs across key sectors could spark a new wave of consumer price inflation. According to the CBN’s June 2025 Purchasing Managers’ Index (PMI) report, businesses are currently absorbing these costs, but this trend is unlikely to be sustainable in the long term. […]
Leaders across Nigeria’s financial sector are celebrating the newly enacted Investment and Securities Act (ISA) 2025, describing it as a transformative legal framework that could propel the country toward a $1 trillion economy. The legislation, passed at the 2025 Annual Business Summit of the Capital Market Solicitors Association (CMSA) in Lagos, has been widely praised for […]
Global manufacturers are reviving “tariff engineering” to reduce duties by altering product designs, materials, or dimensions. This legal strategy allows companies to bypass higher costs while staying compliant with trade regulations, reshaping how businesses navigate the global market. Key Highlights – *Tariff Optimization*: Companies are using tariff engineering to optimize their supply chains and […]
