Barbara Bako, Abuja. Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, driven largely by strong performance in the non-oil sector, particularly telecommunications, agriculture, finance and trade, even as crude oil production declined
Barbara Bako, Abuja. Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on Thursday defended the ongoing reforms at the apex bank and warned against a return to interventionist monetary policies, saying such measures previously weakened the institution’s
Barbara Bako, Abuja. The African Tax Administration Forum (ATAF) says audit interventions carried out across member countries generated tax assessments worth $907.8 million in 2025, with governments successfully collecting $685.8 million as African countries intensify efforts to strengthen domestic revenue
Barbara Bako, Abuja. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR), otherwise known as the benchmark interest rate, at 26.5 per cent as it seeks to sustain disinflation and preserve
Barbara Bako, Abuja. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has defended the continued issuance of petrol import licences by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), warning against any move that could
Barbara Bako, Abuja. The Debt Management Office (DMO) says the Federal Government’s bond auction conducted on May 18, 2026 attracted a total demand of ₦796.17 billion, reflecting sustained investor interest in government securities. In a press release, the DMO disclosed
Barbara Bako, Abuja. The Securities and Exchange Commission has announced that Nigeria’s capital market will transition to a T+1 settlement cycle for equities and commodities transactions from June 1, 2026, as part of efforts to modernise the market and align
Barbara Bako, Abuja. The Federal Government has unveiled digital platforms for the Office of the Tax Ombud as part of ongoing efforts to improve taxpayer protection, dispute resolution and transparency in Nigeria’s tax administration system. The platforms include an official
Barbara Bako, Abuja. The National Pension Commission has opened registration for its free healthcare initiative, PenCare, targeted at low-income retirees under the Contributory Pension Scheme (CPS). In a statement, PenCom said retirees aged 60 years and above who earn
Barbara Bako, Abuja The Federal Government on Friday inaugurated the Insurance Policyholders’ Protection Fund (IPPF) Committee to strengthen consumer protection and boost confidence in Nigeria’s insurance industry. Speaking at the inauguration in Abuja, the Minister of Finance and Coordinating Minister
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