Economy
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Cardoso to lead Nigeria’s delegation to World Bank-IMF meetings in Washington
By Kunle Sanni – Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will head Nigeria’s delegation to the 2025 Annual Meetings of the World Bank and the International Monetary Fund (IMF), which begin on Monday in Washington, D.C. Cardoso, who serves as Nigeria’s Alternate Governor at the Bretton Woods institutions, will represent the country on behalf of the…
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Minister Alake vows to sustain mining reforms despite threats, blackmail
The Minister of Solid Minerals Development, Dr. Dele Alake, has reaffirmed the Federal Government’s commitment to ongoing reforms in the solid minerals sector, declaring that no amount of threats or blackmail will derail the transformative agenda that is already yielding results. Speaking at a media briefing over the weekend ahead of the 10th Nigeria Mining Week beginning Monday, Alake said…
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NUPRC blames PENGASSAN over drop in Nigeria’s oil output to 1.39mbpd
Nigeria’s crude oil production dropped to an average of 1.39 million barrels per day (bpd) in September 2025, marking one of the lowest levels in recent months. This is according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Saturday. The official figures showed that total oil and condensate output averaged 1.581 million bpd for the month,…
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RMAFC, Solid Minerals Ministry launch new data template to boost revenue transparency
By Kunle Sanni – The Revenue Mobilization Allocation and Fiscal Commission (RMAFC), in collaboration with the Federal Ministry of Solid Minerals Development, has unveiled a new data rendition template aimed at strengthening revenue monitoring and transparency in Nigeria’s solid minerals sector. The initiative was formally introduced during a one-day sensitisation workshop held on Tuesday in Abuja. Speaking at the event,…
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FG debunks scrapping cost of collection for FIRS, Customs, NUPRC
, The Federal Ministry of Finance has debunked reports claiming that the Federal Government has stopped Federal Inland Revenue Service (FIRS), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigeria Customs Service (NCS) from deducting their cost of collection at source, describing such reports as “inaccurate and misleading.” In a statement issued in Abuja on Friday, the ministry said there…
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PHOTO NEWS: NUPRC commissions Otakikpo crude oil export terminal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has commissioned the Otakikpo Crude Oil Export Terminal, the first fully indigenous onshore terminal in over 50 years. The commission marked a new chapter for Nigeria’s upstream oil and gas sector. NUPRC in a tweet on X lists fast fact of Otakikpo Terminal that comprises of: • Storage Capacity: 750,000 bbl…
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Dangote refinery supplies Nigeria’s 20m litres of daily petrol consumption, says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed that the Dangote refinery supplies an average of up to 20 million litres of petrol daily across the country. The chief executive officer (CEO) of the NMDPRA, Farouk Ahmed who spoke on Thursday at the Association of Energy Correspondents of Nigeria (NAEC) annual conference in Lagos, said, “Without a shadow…
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Road crashes in Nigeria rise 9.4% in Q2 2025,says NBS
The National Bureau of Statistics (NBS) has revealed that road accidents in the second quarter of this year (Q2, 2025) rose by 9.44per cent to 2,631 compared to 2,404 crashes in the corresponding quarter of 2024. The reported showed that the accidents claimed 1,018 males while 6,629 males got injured. By contrast, 217 females died while 1,891 got injured in the period, indicating the increasing…
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FG scraps FIRS, Customs, NUPRC, others cost of revenue collection
The Federal Government said it plans to permanently halt deductions for the cost of revenue collection paid to agencies such as the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), among others. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in Abuja while speaking at a…
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Edun hails ICAN at 60, reaffirms private sector role in Nigeria’s economic recovery
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the pivotal role of the private sector in Nigeria’s economic revival, while also underscoring the decisive reforms that reshapes the nation’s economic landscape. This is accoroding to statemennt issued by Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga. Speaking during the…
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