Economy
Shipping lines mull fare hikes as new tax reforms begin
There appears to be palpable tension among freight forwarding practitioners in the nation’s maritime sector over the tax implementation that kicked off on Thursday,...
COVID-19 forbearance withdrawal pushes up bad loans in 2025: CBN
Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria (CBN) withdrew the regulatory forbearance granted to...
Lagos, nine others seek ₦4.287tn in loans, bonds, grants for 2026 budgets
Ten states are planning to source about ₦4.287 trillion from loans, bonds, grants, capital receipts, and public-private partnerships to finance capital projects in their...
External reserves set for $51.04bn growth by 2026: CBN
The Central Bank of Nigeria (CBN) predicts external reserves will climb to $51.04 billion in 2026, up from $45 billion in 2025.
This projection was...
Dangote Refinery rolls out 10-day credit, free delivery for petrol stations
The Dangote Group has announced a 10-day credit facility backed by a bank guarantee for petrol station owners and dealers, alongside free direct delivery...
