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Finance & Economy

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Africa·Events & Opportunities·Finance & Economy·News

Moghalu to Lead Strategic Dialogue on Africa’s Economic Security at CoSPAL Assembly in Morocco

Former Deputy Governor of the Central Bank of Nigeria and President of the IGET Academy, Professor Kingsley Moghalu, is set to deliver the keynote address at the 3rd General Assembly of the Conference of Speakers and Presidents of African Legislatures (CoSPAL), scheduled

December 11, 2025

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of TotalEnergies Marketing Burkina’s assets by Coris Invest Group (CIG SA), creating a 100% Burkinabè-owned energy company with regional

December 10, 2025

Finance & Economy·News·Politics

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

Enugu State Governor Peter Mbah has presented a record ₦1.617 trillion budget for the 2026 fiscal year, describing it as a blueprint for “full-scale impact” across critical sectors after two years of foundation-building reforms. Tagged the Budget of Renewed Momentum, the proposal

December 9, 2025

Business·Finance & Economy·News·Top Stories

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

Nigeria’s new tax framework, set to take effect in January 2026, is designed to modernize the country’s fiscal system, simplify compliance, and enhance economic competitiveness, the Special Adviser to President Tinubu on Economic Affairs, Dr. Tope Fasua, has said. Addressing growing public

December 9, 2025

Business·Finance & Economy·News·Top Stories

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory Guidelines, marking one of the most significant clean-ups of the retail foreign exchange market in recent years.

December 9, 2025

Finance & Economy·Opinion

Are The New Tax Laws Necessary In The Midst Of Insecurity, Endemic Corruption, High Inflation?

By Mohammed I. TSAV Esq. The implementation of these new tax laws in January 2026; under President Bola Ahmed Tinubu administration, in the midst of insecurity, endemic corruption and high inflation, an unsteady economy, and an unstable Naira, has sparked a debate

December 8, 2025

Finance & Economy·News·Nigeria

Nation’s Cosmetic Economic Growth Not Lifting Nigerians Out of Poverty – Oye

Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Kelvin Oye, has warned that Nigeria’s celebrated economic growth figures mask the worsening hardship facing millions of citizens, describing the situation as “a troubling paradox where GDP rises without progress.” Speaking

December 8, 2025

Africa·Finance & Economy·News·Top Stories

Russian Mercenaries Allegedly Fuel CAR’s Energy Crisis, Enrich Armed Networks

A new investigation has accused Russian-linked mercenaries and their local partners of orchestrating a cartel-like grip on the Central African Republic’s (CAR) fuel sector, worsening nationwide shortages and enriching criminal networks while citizens struggle to access petrol. The report, released by the

December 4, 2025

Finance & Economy·News·Nigeria

FG, Boeing, Cranfield University Partner to Establish Aircraft Maintenance Hub, Targeting $200M Savings

President Tinubu has announced a landmark partnership between the Federal Government, global aircraft manufacturer Boeing, and UK-based Cranfield University to establish a world-class Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. The announcement was made at the opening of the maiden Nigerian

December 4, 2025

Finance & Economy·News·Top Stories

Nigeria Records Economic Gains Despite Persistent FX Pressures

Nigeria’s economy has recorded a generally positive trajectory across several macroeconomic indicators between May 2023 and the latest releases by the National Bureau of Statistics (NBS) and the Central Bank of Nigeria (CBN), according to data compiled by Statisense. Based on Statisense’s

December 4, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Finance & Economy

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Moghalu to Lead Strategic Dialogue on Africa’s Economic Security at CoSPAL Assembly in Morocco

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

Are The New Tax Laws Necessary In The Midst Of Insecurity, Endemic Corruption, High Inflation?

Nation’s Cosmetic Economic Growth Not Lifting Nigerians Out of Poverty – Oye

Russian Mercenaries Allegedly Fuel CAR’s Energy Crisis, Enrich Armed Networks

FG, Boeing, Cranfield University Partner to Establish Aircraft Maintenance Hub, Targeting $200M Savings

Nigeria Records Economic Gains Despite Persistent FX Pressures

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Benin Government Confirms Attempted Coup Has Been Foiled, Talon Safe

Africa Not Rising: Ex-Nigerian Central Bank Official Blames ‘GDP Delusion’

Tony Blair, Barrack Obama, Boris Johnson, Others Turn Speaking Tours into Six‑Figure Windfalls

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Obasanjo’s Rare Villa Appearance, Cleric’s Call for Selfless Service Steal Spotlight at 2025 Christmas Carols

Dickson, Diri Recall Loyalty, Service as Tributes Pour in for Late Bayelsa Deputy Governor

Tinubu’s crises, Wike’s dilemma

Alabi Elevated to Ajia Olubadan as Ibadan Chieftaincy Ranks Adjust After Ladoja’s Ascension

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Obasanjo’s Rare Villa Appearance, Cleric’s Call for Selfless Service Steal Spotlight at 2025 Christmas Carols

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