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NNPCL’s early retirement scheme draws over 70% staff to exit door
Early retirement scheme introduced by the Nigerian National Petroleum Company Limited (NNPCL) has now seen an unexpected wave of acceptance, as over 70 per cent of the company’s staff have applied for retirement. The retirement initiative, structured under the Accelerated Exit…
World Bank lists Nigeria’s ports among top 20 globally
World Bank has listed sea ports in Nigeria among the 20 most improved facilities globally The bank disclosed this in its 2025 Container Port Performance Index, released June 2026. According to the data, Nigeria’s ports, Tincan Island and Apapa, maintained number…
Despite global unrest, mounting debts, Nigeria’s 2026 growth forecast of 4.1% unchanged — World Bank
World Bank has retained its forecast for Nigeria’s economic growth at 4.1 per cent in 2026 and 4.2 per cent in 2027, even as it expressed concerns over rising sovereign debt levels across developing economies. Disclosing this in its 2026…
VAT receipts rise by 17% to hit N2.42trn in Q1 2026, as households, manufacturing, entertainment lead growth
Nigeria’s Value Added Tax (VAT) receipts grew to N2.42 trillion in the first quarter (Q1) of 2026, representing a 17.06 per cent increase from the N2.07 trillion generated in the corresponding period of 2025. This is also as overall VAT collections…
CBN draft proposal for HoldCos seeks 20% capital buffer, restrictions on subsidiaries’ offshore operations, shared services
Central Bank of Nigeria (CBN) has moved to revise guidelines on operations and structure of financial holding companies (FHCs) in its just published exposure draft on guidelines for the licensing and regulation of operators in Nigeria, introducing a mandatory 20 per…
Nigerian agri-business firm signs $60m coffee development deal with Liberia
Nigerian agro-development company, JR Farm Group has signed a $60 million (about N81.6 billion) 20-year partnership deal on coffee production with the Liberian government. The agreement is expected to revitalise Liberia’s coffee sector, expand exports and benefit over 200,000 farmers,…
Over 1, 000 mini-grids under construction nationwide to expand access to electricity, says Tinubu
President Bola Tinubu has disclose that over 1,000 mini-grids are being developed across Nigeria as part of efforts to expand electricity access to underserved communities, universities, markets and hospitals. President Tinubu, in his Democracy Day broadcast, on Thursday, June 12, further…
Shell lists conditions for Nigeria to unlock economic potential in gas
Amid rising cost of the liquefied natural gas (LNG) and poor distribution network of the compressed natural gas (CNG), Shell Nigeria Gas (SNG) has listed conditions to be met in order for the country to unlock and fully realise potential of…
UN scribe appoints Nigeria’s Eziakonwa as Special Adviser on Africa
United Nations Secretary General, Mr. António Guterres, Friday, announced the appointment of Nigeria’s Ahunna Eziakonwa as his Special Adviser on Africa. Eziakonwa succeeds Ms Cristina Duarte of the Republic of Cabo Verde in the advisory position. The newly-appointed adviser possesses nearly…
CBN proposes FG adoption of eNaira for payment of salaries, pensions, welfare benefits
Federal Government is considering a Central Bank of Nigeria (CBN) proposal to commence paying civil servants’ salaries, pensions, social welfare benefits, in addition contractors via the eNaira platform in order to boost the adoption of Nigeria’s digital currency. The eNaira…
