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Business and Economy
NNPC subsidiaries’ debt surges 70% to N30.3tn in 2024
The Nigerian National Petroleum Company Limited (NNPC) is facing rising financial pressure as debts owed to it by subsidiaries and related entities jumped by...
Banks’ Bad Loans Spike After CBN Withdraws Forbearance
Nigeria’s banking sector recorded a rise in bad loans in 2025 following the withdrawal of regulatory forbearance by the Central Bank of Nigeria (CBN),...
10 States Plan N4.3tn Borrowing to Fund 2026 Budgets
Ten states are planning to raise about N4.287tn through loans, bonds, grants, capital receipts and public-private partnerships to finance capital projects in their proposed...
Budget crisis: NASS extends 2025 fiscal year to March
In a sweeping fiscal reset aimed at tackling revenue shortfalls, weak capital execution and overlapping budget cycles, the National Assembly on Tuesday approved revised...
NIN, CAC numbers to serve as tax IDs from 2026 — FIRS
The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission will automatically serve...
TCN Boost power in Lagos with 300MVA Transformer Commissioning
By Francis WilfredAbuja, Nigeria - The Transmission Company of Nigeria (TCN) has marked a significant milestone in its quest to stabilize and enhance the...
Ambassador: China’s Investment in Nigeria Grows by 130%, Trade Surpasses $22bn
China's direct investment in Nigeria increased by 130 percent, and bilateral trade has crossed the $22 billion mark this year, according to the Chinese...
Julius Berger has done a very beautiful job on Bodo-Bonny Road – Tinubu
By Francis WilfredPresident Bola Ahmed Tinubu has hailed leading engineering construction company, Julius Berger Nigeria PLC for the extent and quality of work done...
Groups Demand Probe of Dangote’s Corruption Allegations Against NMDPRA Boss
Civil society organisations have called on the Federal Government to investigate corruption allegations made by President of the Dangote Group, Alhaji Aliko Dangote, against...
FG Assures Fair, Transparent Implementation of New Tax Laws
The Federal Government has pledged that the implementation of newly enacted tax laws will be carried out fairly, transparently, and with full consideration of...
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