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Customs directs all firms on Fast Track Scheme to shift to AEO Program by December 31, 2025

August 1, 2025

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Business and economic news from Nigeria and around the world.

N10.4 billion, N32.5 million disbursed by Ministry of Justice without approval – Auditor-General

by Fakoyejo Olalekan

The Ministry of Justice has been accused of committing financial infractions after disbursing N10.4 billion without following due process.

Nigerian Stock Exchange, NSE CEO Oscar Onyema, NSE Graduate Trainee Programme, NSE, VAT, Financial market data gulps $28.5 billion from stakeholders, says NSE , NSE lifts R.T. Briscoe’s shares suspension , NSE lifts suspension on Guinea Insurance’s, Niger Insurance’s shares , NSE to implement new free float rule from Jan 2

NSE to implement new free float rule from Jan 2

by Titobioluwa Okunade

The NSE has disclosed it would begin implementation of its new free float rules staring from the first trading day...

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

FG’s monthly revenue drops by N387.15 billion

by Titobioluwa Okunade

The Federal Government's (FG) revenue shortfall continue to pose a major challenge as monthly collected revenue fell short by N387.15...

NBET boss Marilyn Amobi, sacked

by Chidinma Nwagbara

The Federal Government has sacked the Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET), Dr. Marilyn Amobi.

Shina Peller issues statement following his arrest and release by police

by Emmanuel Abara Benson

Shina Peller has issued a brief statement on Instagram hours after he was arrested and later released by the police...

Financial Crisis: Auto giant rebuffs banks' claims of bad financial status , Stallion Motors denies shutdown of operation amidst bank debt, outlets shutdown

Stallion Motors denies shutdown of operation amidst bank debt, outlets shutdown

by Fakoyejo Olalekan

The Chief Executive Officer of Stallion Motors, Anant Badjatya, has dismissed claims that operation of the automobile company was shut down.

FG set to award contracts for broadband projects across Nigeria

NCC issues 10 new VAS licences in 2019, projects market to hit $500 million

by Chidinma Nwagbara

The Nigerian Communications Commission (NCC) has announced that 10 new Value-Added Service (VAS) providers were licensed in 2019.

PoS agents, operators kick against N50 charge, seek policy reversal , Merchants upgrade POS machines to automatically charge N50 tax duty , FG reviews N50 stamp duty charge to transactions above N10,000, Government reviews stamp duty charge

FG stops N50 charge on POS transactions

by Bamidele Samuel Adesoji

In a directive issued by the Federal Competition and Consumer Protection Commission (@FCCPCnigeria), passing N50 charge on consumers is counterproductive,...

PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

Market Views

Economy: Reviewing FG’s 2019 revenue performance

by CSL Stockbrokers

With 2019 drawing to a close, we decided to review the Federal Government’s revenue performance in 2019.

NUPENG threatens to embark on strike, Chevron Nigeria Limited, Nigeria Union of Petroleum and Natural Gas Workers, Nigerian National Petroleum Corporation, Petroleum and Natural Gas Senior Staff Association of Nigeria, NUPENG and PENGASSAN, Chevron concludes gas sale deal with GenCo, one other , Chevron considers divesting from Nigeria, to focus on U.S Shale Oil, Chevron crisis continues as NUPENG issues new threat, Chevron bows to pressure, set to recall workers

PENGASSAN shuts Chevron’s premises over failure to pay workers entitlements

by Chidinma Nwagbara