Seeks Reps’ approval for N11.27tn 2026 budget By Gift ChapiOdekina, Abuja The Nigeria Customs Service (NCS) yesterday   disclosed that it exceeded its 2025 revenue target by generating N7.277 trillion, surpassing its target of N6.584 trillion by 10.24 per cent, even as it presented its proposed N11.274 trillion 2026 budget to the House of Representatives Committee on […]

•Says Nigeria’s development hinges on gas utilisation By Ediri Ejoh The Federal Government has reaffirmed its commitment to expanding gas utilisation, saying it is targeting five million households to transition from firewood, kerosene and other biomass fuels to Liquefied Petroleum Gas (LPG) as part of efforts to cut carbon emissions and improve public health. Speaking […]

By Udeme Akpan, Energy Editor Nigeria’s Liquefied Natural Gas (LNG) exports rose   by one million metric tonnes (Mt) in 2025 to 14.78 Mt, valued at N20.0 trillion,   from   13.78 Mt   in 2024, valued at   N18.89 trillion, reinforcing its position among the world’s leading LNG suppliers as global trade climbed to a record 436.98 Mt, according to […]

Nigeria’s Information and Communication Technology (ICT) sector recorded its first decline in Company Income Tax (CIT) in four years, reflecting a reversal of fortune in the sector.

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims.  In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […]

By Obas Esiedesa, Abuja The Federal Government (FG) incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its […]

By Jimoh Babatunde Beta Glass Plc says it has contributed over N1 trillion to Nigeria’s economy in the last 10 years, reaffirming its commitment to expanding investments, sustainable manufacturing and shareholder value. At its 52nd Annual General Meeting in Lagos, shareholders approved key resolutions, including the reconstitution of the Board of Directors. According to an independent […]

•IPMAN targets sub-N800/litre By Udeme Akpan &  Obas Esiedesa Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit (PMS), popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal […]

By Babajide Komolafe United Bank for Africa, UBA Plc, has announced the retirement of its Group Chairman, Tony Elumelu   and the appointment of Mr. Emmanuel Nnorom as his successor.  In a statement announcing the board leadership change filed with the Nigerian Exchange, NGX, the bank stated: “Mr. Tony O. Elumelu, Group Chairman of UBA, will  […]

By Rosemary Iwunze PRIVATE healthcare providers are expanding investments in specialist medical services as rising cases of chronic diseases, an ageing population and increasing demand for quality healthcare continue to reshape Nigeria’s healthcare landscape. The latest move came from OneHealth by AXA, which has introduced Geriatric and Optometry clinics at its Victoria Island Medical Centre […]