By OKEOGHENE AKUBUIKE THE National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased further to 21.88 per cent in July 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for July 2025, which was released in Abuja on Friday. According to the report, the headline inflation showed a […]
By NOSAKHALE AKHIMIEN THE Nigerian Education Loan Fund (NELFUND) says it has disbursed ₦86 billion to support 449,000 students out of 735,000 applications received so far under its student loan scheme. NELFUND Managing Director, Akintunde Sawyerr, in an interview on Channels Television’s breakfast show Sunrise Daily programme on Friday, detailed the scope of the loan […]
THE Central Bank of Nigeria (CBN) has released Bank Customers’ Bill of Rights and obligations to the public, giving customers the right to be informed, right to choose, right to safety, right to privacy and confidentiality, and the right to redress. The report was released at the “CBN Fair” held in Lagos, with the theme: […]
By OLUSHOLA BELLO THE local equities market yesterday maintained the losing streak for the second consecutive session by a ₦357 billion loss, following losses in Nigerian Exchange Group Plc and 50 others. The All-Share Index declined by 564.79 per cent, representing a loss of 0.39 per cent, to close at 145,300.01 points. Similarly, the overall market […]
By NSE ANTHONY-UKO THE federal government has called on oil companies operating in the country to sell their idle assets to others capable and willing to develop them, reaffirming a strengthened partnership with Chevron Nigeria Limited. This is to accelerate Nigeria’s oil production and optimise resource utilisation. The minister of state for Petroleum Resources (Oil), Senator […]
By YUSUF BABALOLA THE Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) announced on Thursday the seizure of seven trucks of smuggled foreign parboiled rice, used vehicles, Premium Motor Spirit (PMS), and bales of used clothing, valued at ₦3.145 billion, in the last three weeks. The Customs Comptroller, FOU Zone A, Mohammed […]
By NAOMI SHARANG MINISTER of Information and National Orientation, Alhaji Mohammed Idris, says Nigeria’s economy has continued to receive positive recognition from global rating agencies, reflecting growing confidence in the country’s economic direction. Idris stated this after a meeting with Governor of Imo and Chairman of Progressive Governors’ Forum, Hope Uzodimma, on Tuesday in Abuja. […]
THE Federal Inland Revenue Service (FIRS) said that no fewer than 1,000 companies have begun integrating with its newly-launched electronic invoicing solution (e-invoicing) barely two weeks after it went live. According to a statement by Dare Adekanmbi, Special Adviser on Media to FIRS Chairman, Zacch Adedeji, the figure represents 20 per cent of over 5,000 […]
By VIVIAN EMONI THE Nigeria Export Promotion Council (NEPC), says Nigeria exported products worth 663 million metric tonnes to 11 ECOWAS countries in the first half year of 2025. The Director-General of the NEPC, Mrs. Nonye Ayeni, made this known to newsmen, while presenting a report on first half of 2025 Non-Oil Export Performance, […]
By VIVIAN EMONI NIGERIAN Export Promotion Council (NEPC) has announced that the country’s non-oil exported products in the half-year of 2025 were valued at 3.225 billion dollars. Director-General of the council, Mrs. Nonye Ayeni, disclosed this to newsmen while presenting a report on the first half of 2025 Non-Oil Export Performance, in Abuja on Sunday. […]