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The Nigerian government has issued a stern warning to companies exporting the country’s mineral resources without processing them, emphasizing that the practice must stop. According to officials, sending unprocessed raw materials abroad primarily benefits foreign markets and exporters, leaving Nigeria at an economic disadvantage. Minister of Innovation, Science and Technology, Dr. Kingsley Udeh, made the

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Resident doctors at the University College Hospital (UCH), Ibadan, have returned to duty following a nationwide strike that lasted for one month. The strike, which began on November 1, was called by the Nigerian Association of Resident Doctors (NARD) over unmet demands, including a 200% increase in the Consolidated Medical Salary Structure (CONMESS), full implementation

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Pastor Tunde Bakare, Overseer of the Citadel Global Community Church (CGCC), has called on President Bola Tinubu to confront Nigeria’s worsening insecurity and restructure the country’s security architecture. Speaking in his “State of the Nation” address titled The Darkness Before Dawn, Bakare warned that Nigeria is at the center of an escalating crisis, with terrorists

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The Economic and Financial Crimes Commission (EFCC) has confiscated the international passport of former Attorney‑General of the Federation and Minister of Justice, Abubakar Malami, SAN, as part of its ongoing investigation into the alleged $490 million Abacha loot recovered through a Mutual Legal Assistance (MLAT) request. A source in the EFCC confirmed on Sunday that

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Manufacturers under the Manufacturers Association of Nigeria (MAN) have expressed strong opposition to a proposed increase in excise duty on carbonated sugar-sweetened beverages (SSBs), currently under review by the Senate. The proposal, tabled as an amendment to the Customs and Excise Tariff (Consolidation) Act, seeks to raise the excise tax from N10 per litre to

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The manufacturing sector emerged as the top contributor to Nigeria’s Value-Added Tax (VAT) collections in the first half of 2025 (H1’25), accounting for N584.63 billion, or 26.6% of the total local VAT of N2.197 trillion. This underscores the sector’s vital role in driving the country’s economic development. According to the National Bureau of Statistics (NBS),

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The Federal Government, PwC Nigeria, and other industry stakeholders have emphasised the need for collaboration among regulators and operators to enhance electricity supply across the country. This was highlighted during PwC Nigeria’s 15th Annual Power and Utilities Roundtable, which brought together industry leaders to discuss strategies for operationalising Nigeria’s recent power reforms under the Electricity

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Ecobank Nigeria Limited has announced a tender offer for its outstanding U.S.$300 million, 7.125% Senior Note Participation Notes due 2026, with $150 million still in circulation. The offer, which opened on 28 November 2025 and is expected to settle by 31 December 2025, allows noteholders to redeem their holdings early at $1,000 per $1,000 principal,

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The Nigerian Exchange (NGX) All-Share Index fell by 0.14%, closing at 143,520.53 points, while market capitalization dropped to ₦91.286 trillion, down from ₦91.415 trillion the previous week. Market Activity Winners and Losers Other Market Updates Market Insight: Despite the week’s slight decline, activity remained robust, with strong turnover in the financial services sector and selective

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Major depot operators, including the Dangote Petroleum Refinery, AIPEC, and NIPCO, have reduced the average gantry price of Premium Motor Spirit (PMS) to ₦840 per litre, down from ₦843 per litre. Dangote Refinery operates at 650,000 barrels per day, and the price revision reflects cost reductions passed on to depot operators. OPEC+ Update Eight OPEC+

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