FG summons Dangote and NUPENG to emergency meeting…
The Federal Government has called Dangote and NUPENG to an emergency meeting to prevent a nationwide strike that could paralyze the economy.
Business and Economy
India’s solar sector rises in bid to rival China despite U.S. tariffs
India’s solar industry is expanding rapidly to reduce reliance on China and offset U.S. tariffs, fueled by booming domestic demand and government support.
Future of Giorgio Armani brand uncertain after founder’s death
Italian fashion house Giorgio Armani faces uncertainty following the death of its founder at age 91, raising questions about the future of the globally recognized brand he nurtured for over five decades
FG imposes 5% tax on petrol, diesel: What you should know
Nigeria’s five per cent fuel surcharge revives a dormant 2007 law, but enforcement awaits a commencement date from the Finance Ministry.
CBN sets up compliance unit to monitor financial crimes and ESG risks
The CBN has launched a fully operational Compliance Department to centralize oversight of non-prudential and emerging risks—including financial crimes, market conduct, cybersecurity, and ESG—requiring all regulated institutions to channel related communications through the department.
Consumers unlikely to benefit from Trump tariff refunds
Courts have ruled against President Trump’s sweeping tariffs, and if the Supreme Court agrees, importers—not consumers—could receive billions in refunds.
Naira-dollar exchange rate update for official and parallel markets
The naira appreciated marginally against major currencies in the official market on Tuesday, while remaining stable in the parallel market.
Nigeria’s CNG future hinges on price adjustment, experts say
Experts say Nigeria’s CNG must sell at around N520/SCM to attract investment despite current savings over petrol and diese
Tinubu declares Nigeria immune to Trump’s tariff blitz “We’re not borrowing a dime from local Banks
President Bola Tinubu has dismissed concerns over Donald Trump’s tariff policy, insisting Nigeria’s non-oil revenue has surpassed targets despite U.S. trade measures
Chinese traders now prefer naira to dollar in Nigeria – ABCON
Chinese traders in Nigeria are increasingly using naira instead of dollars for transactions, boosting the local currency’s stability, ABCON says.