The Federal Government has published Nigeria’s new tax reform laws in the official gazette, signaling the most comprehensive overhaul of the country’s fiscal framework in decades. The reforms, signed into law by President Bola Tinubu on June 26, 2025, introduce four landmark legislations: Nigeria Tax Act (NTA), 2025 Nigeria Tax Administration Act (NTAA), 2025 Nigeria […]
President Bola Tinubu has welcomed Petrobras’s imminent return to Nigeria, five years after Brazil’s state-owned oil company halted its joint venture operations. Speaking at a joint press conference in Brasília during his State Visit to Brazil on Monday, Tinubu described Petrobras’ comeback as a milestone that would “reignite robust economic cooperation” in the oil and […]
The US state department has approved a potential sale of ammunition, precision bombs and precision rockets to Nigeria for an estimated cost of $346 million. In a statement on Wednesday, the Defence Security Cooperation Agency (DSCA) said Nigeria requested to buy 1,002 MK-82 general purpose 500 lb bombs, 1,002 MXU-650 Air Foil Groups (AFGs), 5,000 […]
Nigeria’s non-oil exports rose sharply to $3.225 billion in the first half of 2025, representing a 19.59% increase from the $2.696 billion recorded during the same period last year, according to the Nigerian Export Promotion Council (NEPC). The figures, unveiled by NEPC Director-General, Nonye Ayeni during the presentation of the H1 2025 Non-Oil Export Performance […]
Nigeria exported crude oil worth $1.34 billion to the United States between January and May 2025, maintaining its position as America’s largest African oil supplier. However, this dominance masks a broader decline in total trade volume between both countries, underscoring Nigeria’s waning competitiveness in the evolving U.S.–Africa trade landscape. According to recent data from the […]
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