Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026
Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...
US Imposes 12.5% Tariff on Nigerian Exports Over Forced Labour Concerns
The United States has imposed a 12.5% tariff on most Nigerian exports following a Section 301 investigation that concluded Nigeria...
FG to Phase Out Electricity Subsidy, Introduce Cost-Reflective Tariffs Within a Year
The Federal Government has confirmed plans to gradually eliminate electricity subsidies and fully implement cost-reflective tariffs across Nigeria’s power sector....
NRS Gives Large Taxpayers July 31 Deadline to Fully Adopt E-Invoicing System
The Nigeria Revenue Service (NRS) has set July 31, 2026, as the final deadline for all large taxpayers to fully...
FG Approves $11.50/Barrel Tax Credit for Shell’s Bonga Southwest Aparo Project
The Federal Government has granted Shell Plc and its partners a special production-linked tax credit of $11.50 per barrel for...
Nigeria’s $51 Billion Reserves at Risk from Volatile Capital and Oil Reliance – EBC
Global financial services firm EBC Financial Group has warned that Nigeria’s foreign reserves, which recently surpassed the $51 billion mark,...
SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns
The Securities and Exchange Commission (SEC) has issued an urgent directive to all capital market operators to submit their second-quarter...
FX Market Turnover Surges to $3.05 Billion, Highest in Three Months
Nigeria’s foreign exchange market posted its strongest weekly performance in over three months, with total turnover reaching $3.053 billion in...
CBN Revokes Licences of 46 Microfinance Banks in Major Regulatory Sweep
The Central Bank of Nigeria (CBN) has revoked the operating licences of **46 microfinance banks** with immediate effect, citing serious...
Tinubu Administration Secures $11.4 Billion in World Bank Loans Within Three Years
The administration of President Bola Tinubu has secured $11.40 billion in loan approvals from the World Bank since taking office...
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