The Federal Government has approved tax waivers for 4,000 electric vehicles imported into Nigeria in the first half of 2026, as part of a fresh push to accelerate electric mobility despite persistent electricity shortages and inadequate charging infrastructure. Government Data reviewed by newsmen shows that the approvals represents the first batch processed under a new…
Business and diplomatic discussions between Nigeria and Canada have received renewed attention following meetings involving leading business figures and Canadian officials. The talks are expected to focus on investment opportunities, trade cooperation and economic partnerships. Economic experts say stronger commercial ties between both countries could create opportunities in sectors including manufacturing, energy, agriculture and technology….
The Central Bank of Nigeria is set to play a central role in a new regulatory framework aimed at bringing the country’s fast-growing cryptocurrency and virtual asset market under coordinated oversight, marking a shift from years of uncertainty towards structured supervision. The Apex Bank at the recent Nigeria Stablecoin summit 2.0 in Lagos, said the…
The Nigeria Revenue Service, NRS, has issued a comprehensive guidelines on the taxation of virtual assets, providing a regulatory framework for the taxation of cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025. This was disclosed in a public notice issued on Monday…
Nigeria is expected to receive about 154 million litres of imported petrol through five vessels scheduled to arrive at various ports. Industry stakeholders say the deliveries are aimed at supporting fuel availability across the country. The development comes amid continued efforts to maintain stable product supply and reduce disruptions within the downstream petroleum sector. Analysts…
President Bola Ahmed Tinubu on Monday signed a landmark Bilateral Air Service Agreement with Brazil, paving the way for direct air links between Nigeria and South America’s largest economy. The agreement was formalised during Tinubu’s state visit to Brasília, according to Tunde Moshood, Media Aide to the Minister of Aviation and Aerospace Development, Festus Keyamo….
The Naira recorded its first appreciation against the dollar at the official foreign exchange market on Thursday. According to the Central Bank of Nigeria, the Naira strengthened slightly to ₦1,535.78 per dollar from ₦1,536.73 on Wednesday—an improvement of ₦0.95, or 0.062 percent. Meanwhile, at the parallel market, the Naira remained stable at ₦1,550 per dollar….
Nigeria’s foreign exchange reserves rose to $40.16 billion last week, boosted by higher forex inflows and a marginal increase in crude oil output. Central Bank of Nigeria (CBN) figures show reserves climbed from $37.934 billion on April 30 to the current level. Nigeria’s oil output rose by 0.67 per cent in July to 1.51 million…
The Nigeria Labour Congress (NLC) has threatened a nationwide strike if the Federal Government fails to return what it alleges are billions of naira taken from workers’ insurance contributions. The union also demanded that the government fill the leadership vacuum at the National Pension Commission (PenCom) within one week. NLC accused the government of siphoning…
Chevron Nigeria Limited (CNL), operator of the joint venture with the Nigerian National Petroleum Company Limited (NNPCL), has reiterated its commitment to the country’s oil and gas sector. During a visit to Chevron’s Escravos base, CNL Chairman and MD, Jim Swartz, told Minister of State for Petroleum Resources, Heineken Lokpobiri, that the company has consistently…