Business

The Federal Inland Revenue Service (FIRS) stated that companies and large taxpayers have completed their system integrations and commenced live transmission of e-invoices in line with the extended compliance deadline of November 1, 2025. In a statement on Thursday, Zacch Adedeji, executive chairman of the FIRS, noted the steady progress recorded since the commencement of the national e-invoicing and electronic…

Dangote Petroleum Refinery has withdrawn its N100 billion suit challenging the issuance of licences by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for importation of petroleum products into Nigeria. On September 6, 2024, Dangote refinery filed a suit against the NMDPRA (first defendants), the Nigerian National Petroleum Company (NNPC) Limited (second defendant) and five others. Other defendants are AYM…

Nigeria has reaffirmed its commitment to driving Africa’s digital transformation through research, innovation, and collaborative governance in line with the Federal Government’s priority areas of reforming the economy, enhancing infrastructure, improving governance, and accelerating diversification through digitalisation, industrialisation, creative arts, and innovation. This reaffirmation came as top government officials, led by the Minister of Communications, Innovation and Digital Economy, Dr.…

The Director-General of National Information Technology Development Agency (NITDA), Kashifu Inuwa, has described ICEGOV 2025 as a significant milestone in Nigeria’s journey toward becoming a digital governance powerhouse. He noted that hosting the conference followed Dr. Bosun Tijani’s directive after Nigeria’s successful participation in ICEGOV 2024 in South Africa. “The Honourable Minister believes that if we truly want to build…

Nigerian Exchange Limited (NGX) closed October 2025 on a bullish note, gaining eight per cent and extending the upward momentum that has defined much of the year’s trading. The NGX All-Share Index rose from 142,713.1 points at the start of the month to 154,126.4 points at the close, with more than 12 billion shares exchanged. The advance reflects growing investor…

The federal government says it is considering the sale of the Nigerian National Petroleum Company (NNPC) Limited’s refineries in Warri, Port Harcourt, and Kaduna to private investors to enhance competition in the country’s oil refining sector. Olu Verheijen, special adviser to President Bola Tinubu on energy, disclosed this during an interview with Bloomberg TV on the sidelines of the ADIPEC…

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that Nigeria’s non-interest capital market has grown to a valuation of over N1.6 trillion, underscoring its expanding role in deepening financial inclusion and supporting infrastructure development. Speaking at the 7th African International Conference on Islamic Finance (AICIF) 2025, held in Lagos, Dr. Agama said the growth…

The Ondo State Government has formalised a $50 billion investment agreement with an international consortium under the Sunshine Infrastructure Joint Venture (JV) to position the state as a major industrial hub in Nigeria. This was disclosed in a statement issued on Wednesday by the Chief Press Secretary to the Governor, Ebenezer Adeniyan. According to the statement, the deal involves global…

The equities market section of the Nigerian Exchange Limited (NGX) on Tuesday extended its downward trajectory with the overall capitalisation declining by N612 billion as investors continue to lock in gains from recent highs. The NGX All Share Index (ASI) lost by 1,109.50 basis points or 0.10 per cent to close at 152,629.61 basi points. Also, market capitalisation shed N612…

The Nigerian National Petroleum Company (NNPC) Limited has called for bold global partnerships and increased investment to tackle energy poverty across Africa. The call was made by NNPC Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, during the “Energy Talk” session at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) in Abu Dhabi, United Arab Emirates, on…