The National Bureau of Statistics (NBS) has said Nigeria’s headline inflation dropped marginally to 15.91 per cent in the month of June. This was contained in its June Consumer Price Index Report (CPI), which stressed that the figure was a 0.2 percent reduction from the 15.93 per cent recorded in the preceding month. It went on … [Read more…]
…Nigeria meets 104% of OPEC Quota …Crude oil production rises to 74-month high Nigeria’s oil output climbed to a 74‑month high in June, averaging 1.735 million barrels per day of crude and condensate as stable operations and minimal pipeline outages boosted production, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated on Sunday. The NUPRC Crude … [Read more…]
Excitement and satisfaction filled the atmosphere at Parklane Hospital as more civil servants enrolled in and benefited from the Workers’ Food Scheme, receiving their selected food items and household essentials without making any upfront payment. The beneficiaries expressed delight over the initiative, describing it as a timely intervention that eases the financial burden on workers … [Read more…]
On Monday, July 6, 2026, the United Bank for Africa (UBA) announced that billionaire investor Tony Elumelu is set to retire as Group Chairman after 12 years. The Group also revealed the executive chosen to inherit one of Africa’s most influential banking boardrooms: Emmanuel N. Nnorom. The leadership transition takes effect on August 21, subject … [Read more…]
The Enugu State Government, through the Enugu State Marketing Company Limited (ESMCL), has expanded its digital commerce initiative with the launch of four locally produced commodities—Enugu Rice, Enugu Garri, Enugu Cashew, and Enugu Palm Oil—on the EnuguMarket Mobile App. The initiative enables residents to purchase the products directly from their mobile devices and have them … [Read more…]
…Mbah: We’ll build agriculture-driven economy …SEDC: Partnership to unlock South-East’s agricultural potential The Enugu State Government and the South East Development Commission (SEDC) have signed a Memorandum of Understanding (MoU) on the South East Agro Development Programme, marking a major step towards transforming agriculture into a catalyst for economic growth, industrialisation, and food security across … [Read more…]
The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. Issued by the Federal Ministry of Finance, the Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and … [Read more…]
Dangote Refinery has lowered its gantry price for petrol to N1,175 per litre, a move industry analysts say will put downward pressure on pump prices across Nigeria; marketers and fuel dealers are expected to revise their margins and retail prices in the coming days, potentially easing the cost burden on motorists who have faced months … [Read more…]
The Enugu State Government has hosted the Presidential Enabling Business Environment Council (PEBEC) Nationwide Townhall and Stakeholders Engagement as part of efforts to strengthen business reforms and improve the investment climate in the state. The event, organised by the Ministry of Trade, Investment and Industry in collaboration with the Enugu State Investment Development Authority (ESIDA), … [Read more…]
The Enugu State Government through Ministry of Trade, Investment and Industry in conjunction with the Enugu State Investment Development Authority (ESIDA), has announced plans to host the Presidential Enabling Business Environment Council (PEBEC) Nationwide Town Hall and Stakeholders’ Engagement. The event is scheduled for today, Wednesday, June 3, 2026, at Hotel Presidential, Enugu. According to … [Read more…]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday retained the benchmark interest rate at 26.5 per cent. CBN Governor Olayemi Cardoso announced the decision at the conclusion of the bank’s two-day MPC 305th meeting, held from 19 to 20 May in Abuja. The decision comes after the central bank … [Read more…]
Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, up from 15.38 per cent recorded in March, reflecting a 0.31 percentage point increase, according to the National Bureau of Statistics (NBS). According to the data released on Friday, Consumer Price Index (CPI) stood at 138.3 in April, marking a 2.9-point increase from … [Read more…]