RMAFC initiates review of Nigeria’s revenue-sharing formula
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has announced that it has started a process to review the formula…
Category: Economy
Latest Nigeria economy news and analysis on inflation, naira exchange rate, fuel prices, business trends, and government policies. Follow real-time updates on Nigeria’s economic growth, cost of living, trade, and financial markets
Customs, economists forge strategic alliance for policy reforms
The Nigeria Customs Service (NCS) and the Nigerian Economic Society (NES) have agreed to step up collaboration as part of…
Shettima lauds Zenith Bank’s legacy of innovation, integrity at 35th anniversary
Vice President Kashim Shettima praised Zenith Bank for its enduring culture of innovation and integrity, highlighting its significant role in…
Nigeria moves to cut oil production costs, targets $3bn in savings
The Nigerian National Petroleum Company Limited (NNPCL) and its industry collaborators (the International Oil Companies (IOCs) and independent producers are…
Nigeria targets global markets with new blue economy policy
Minister of Marine and Blue Economy, Adegboyega Oyetola, has revealed that beyond cutting the nation’s heavy reliance on fish imports,…
Okonjo-Iweala backs Tinubu’s economic reforms, calls for stronger social safety nets
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended President Bola Tinubu and his administration for…
Nigeria’s CNG sector attracts $980m investment, drives 100,000 vehicle conversions
Nigeria’s compressed natural gas (CNG) sector has attracted at least $980 million in private investment over the past 18 months,…
Tinubu unveils plans for first national industrial manpower development policy
President Bola Tinubu has announced plans for Nigeria’s first-ever National Industrial Manpower Development Policy. Represented by his Vice President, Kashim…
Top 10 Nigerian companies by market capitalisation, revenue in Aug 2025
By Jeremiah Aminu In the corporate sector, various metrics are employed to assess a company’s influence, strength, and value within…
Ojulari urges Africa to develop investment-ready energy projects
Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has stressed the importance…