By Clarion Newschannel Economic DeskAbuja, December 25, 2025Nigeria’s crude oil production quota will remain capped at 1.5 million barrels per day (bpd) through December 2026, following a decision by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+). The move, announced earlier this month, aims to support global oil market stability by…
The World Bank Group is expected to approve a $500m loan for Nigeria today (Friday) as part of efforts to expand access to finance for micro, small and medium enterprises across the country.According to information obtained from the World Bank, the facility is aimed at supporting inclusive financing and mobilising private capital for MSMEs through…
Clarion Newschannel – Lagos, December 19, 2025The Lagos State Government has transmitted an executive bill titled the Lagos State Tenancy and Recovery of Premises Bill 2025 to the House of Assembly, aiming to overhaul tenancy regulations and address longstanding disputes between landlords and tenants in Africa’s most populous city.Introduced in July 2025, the bill passed…
By Clarion News Desk | Lagos, Nigeria | December 12, 2025In a resounding affirmation of its dominance in Nigeria’s cutthroat telecommunications arena, MTN Nigeria has clinched two prestigious awards recognizing it as the country’s most consistent and reliable network provider for 2025. The accolades, drawn from rigorous independent analyses, underscore MTN’s relentless investments in infrastructure…
Foreign investors have begun to reengage with Nigeria’s equities market following reforms in the foreign exchange (FX) landscape, marking a notable shift in sentiment toward Africa’s largest economy after years of capital flight and FX instability.Data from the Nigerian Exchange Group show that offshore funds became net buyers of Nigerian equities in 2025, injecting about…
Nigeria and France have concluded a major bilateral agreement designed to modernise Nigeria’s tax administration through digital transformation, improved institutional capacity, and stronger international cooperation.The Memorandum of Understanding, signed between the Federal Inland Revenue Service and France’s Direction Générale des Finances Publiques, reflects a growing push by Nigeria to strengthen its revenue system ahead of…
By Clarion Newsdesk | December 4, 2025 In a dramatic twist to Nigeria’s ongoing presidential aircraft saga, a United States-based aviation marketing firm has abruptly removed the country’s controversial Boeing 737-700 Business Jet—valued at approximately N12 billion—from its online sales listing, citing an “unclear status” following indications of purchase interest from the Federal Government.The aircraft,…
Clarion Newschannel – Business Desk (Lagos, 3 December 2025) Ground handling giant, Skyway Aviation Handling Company Plc (SAHCO), has posted remarkable financial and operational results for the nine months ended 30 September 2025, recording a 58% year-on-year revenue increase to ₦31.7 billion (from ₦20.1 billion in 2024) and an 82% jump in profit before tax…
Maiduguri, December 3, 2025 – In a bold stride toward reclaiming Borno’s future from the shadows of over a decade of Boko Haram devastation, Governor Babagana Umara Zulum has kicked off construction of Nigeria’s inaugural intra-city metro rail system in Maiduguri, the northeastern state’s bustling capital. Unveiled during a site inspection on December 2, the…
Abuja/Lagos, November 26, 2025 – In a dual boost to Nigeria’s energy sector, the Nigerian National Petroleum Company Limited (NNPC Ltd) announced a staggering Profit After Tax (PAT) of ₦5.4 trillion for the full year ended 2024, marking a 64% year-on-year increase, while the Dangote Group revealed a strategic partnership with Honeywell International Inc. to…