Nigeria Loses $4bn Yearly to Steel Imports – Minister
The Minister of Steel, Shuaibu Audu, says Federal Government loses a total of $4 billion annually in foreign exchange to imported steel products. He disclosed this during a press conference…
IMF Applauds FIRS for Tax Reforms, Vows Continued Support
The International Monetary Fund (IMF) has examined the ongoing reforms at the Federal Inland Revenue Service (FIRS) and commended the agency for what it described as significant progress in its…
Senate Approves Amendment to Electricity Act to Prevent Sector Collapse
The Senate has approved the electricity Act (Amendment) Bill, 2025 through second reading in a move to rescue the country’s ailing power sector from looming collapse. Sponsored by Senator Enyinnaya…
World Bank Names Mathew Verghis as New Nigeria Country Director
The World Bank has announced the appointment of Mathew Verghis as its new Country Director for Nigeria, effective July 1, 2025. Verghis takes over from Dr. Ndiame Diop, who has…
ECOWAS Bank Approves $100m for Lagos-Calabar Coastal Road Project
The ECOWAS Bank for Investment and Development (EBID) has approved a $100 million facility to support the construction of the Lagos-Calabar Coastal Highway, as part of its funding to deepen…
FG sets July date for petrol pricing summit
The Nigerian Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address mounting concerns over petrol pricing and supply dynamics in the downstream sector, amid…
George Elombi Named Next President of Afreximbank
The African Export-Import Bank, Afreximbank, has named Cameroonian, Dr George Elombi as its next President and Chairman of the Board for an initial period of five years. The announcement was…
Tinubu Confers National Honour on Afreximbank President, Highlights $52bn Nigeria Support
President Bola Tinubu has conferred the Grand Commander of the Order of the Niger on outgoing African Export-Import Bank President Benedict Oramah, highlighting Nigeria’s $52 billion partnership with the continental…
MultiChoice Slashes DStv Decoder Price by 50% to Boost Subscriptions
MultiChoice Nigeria has slashed the price of its DStv decoder by 50 per cent, dropping it from ₦20,000 to ₦10,000. The company announced that the move aimed to attract more…