The Institute of Chartered Accountants of Nigeria (ICAN) has praised President Bola Tinubu for signing four tax reform bills that are crucial to Nigeria’s fiscal and revenue framework. Malam Haruna Yahaya, the 61st President of ICAN, expressed this commendation during the investiture of Sani Danbaba as the 5th Chairman of the Gwagwalada and District Society…
Elon Musk’s SpaceX Starlink, a satellite internet provider, has officially resumed customer activations across Nigeria. The company announced this development in an email during the weekend. Starlink is prioritizing high-demand areas, particularly Lagos and Abuja, as it reopens to new customers. “The internet service provider has officially resumed activations nationwide, with Lagos, Abuja, and other…
The Recently experienced a notable appreciation against the dollar in the official foreign exchange market. According to data from the Central Bank of Nigeria, the Naira strengthened to N1,536.08, up from N1,549.26 the previous day, marking a gain of N13.18 against the dollar. This marks the first increase for the Naira in the official exchange…
President Bola Tinubu has officially enacted four tax reform bills, marking what he calls a significant new chapter in the nation’s economic governance. The signing took place in the presence of key National Assembly leaders, including Senate President Godswill Akpabio and House of Representatives Speaker Tajudeen Abbas, among others. Tinubu emphasized that these reforms aim…
The Debt Management Office (DMO) of Nigeria has announced that the settlement for N100 billion in bonds is set for Wednesday, June 25, 2025. This follows a successful auction that saw strong investor interest and significant oversubscription. The auction, held on Monday, June 23, featured two bonds, each with a face value of N50 billion….
Global oil prices surged by over 2% after the United States conducted airstrikes on three Iranian nuclear facilities. According to data from Oilprice.com, oil prices soared as trading began on Monday. As of 1:16 AM on Monday, Brent crude was priced at $78.99 per barrel, while West Texas Intermediate futures reached $75.81 per barrel, up…
The Securities and Exchange Commission (SEC) has rolled out new governance measures aimed at strengthening corporate oversight and ensuring a clear separation of roles within Nigerian public companies. A significant aspect of these new regulations is the introduction of a three-year cooling-off period for Chief Executive Officers (CEOs) who wish to become Chairmen of the…
Petroleum product marketers and filling station owners in Nigeria have raised the price of Premium Motor Spirit (PMS), It was gathered that several major filling stations in the Federal Capital Territory, Abuja, and found that members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have increased their fuel prices by N35 to N45 per…
Aliko Dangote, President of Dangote Group, has attributed the refinery’s growing dependence on crude oil imports from the United States to a decline in domestic crude supply. He made this statement during a visit from the Coordinator of the One-Stop-Shop for Naira-for-Crude and her team to the $20 billion Dangote Refinery on Thursday. Dangote praised…
On Thursday, investors enjoyed a substantial gain of N677 billion as the Nigerian stock market continued its upward trajectory. Market capitalization rose by 0.92%, closing at N74.358 trillion, up from N73.681 trillion the previous day. Market data revealed that the All-Share Index (ASI) increased by 1,074.26 points, or 0.92%, reaching 117,861.13, compared to 116,786.87 on…
