The Federation Account Allocation Committee distributed N10.456 trillion to Nigeria's federal, state, and local governments, as well as oil-producing states, during a five-month period, reflecting the country's latest fiscal revenue sharing performance.
THE OPPORTUNITY:
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TECHNICAL SUMMARY
• Current Price: ₦9.00
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THE OPPORTUNITY:
Learn Africa is showing strong signals for a massive medium-term reversal. Technical and fundamental indicators align for a major bullish move.
TECHNICAL SUMMARY
• Current Price: ₦9.00
• Buy https://t.co/wCYBDj91Nd
TotalEnergies Marketing Nigeria Plc has expanded its school-based recycling and environmental education initiative to more public schools in Lagos. The project, in partnership with the Nigerian Conservation Foundation, aims to strengthen the company's commitment to climate action and environmental sustainability.
The Comptroller-General of the Nigeria Customs Service announced that Import Duty Exemption Certificate approvals reached approximately thirty-four trillion Naira in 2025. This volume of waivers has significantly impacted the agency's revenue generation capacity, as disclosed during a Senate Committee on Finance hearing.
The Independent Petroleum Producers Group has advocated for comprehensive and coordinated reforms within Nigeria's oil and gas sector. Speaking at the NOG Energy Week, the group emphasized transitioning from a resource-dependent model to a globally competitive industrial hub to foster long-term national growth.
Dangote Refinery has established a new petrol pricing template, fixing the price at $0.779 per litre. The transition to dollar-denominated transactions is expected to significantly influence Nigeria's domestic fuel pricing dynamics and impact the broader energy sector.
Dangote Refinery has established a new pricing template, setting the ex-depot price of Premium Motor Spirit at 0.779 dollars per litre. This development introduces a new pricing structure for petrol distribution across Nigeria.
The Nigeria Customs Service has disclosed that the cost of government-approved import duty exemptions reached ₦34 trillion in 2025. The agency noted that these fiscal policies continue to affect its revenue-generating capacity and broader national collections.
The Nigeria Customs Service has attributed significant revenue losses to approximately 34 trillion Naira in duty waivers projected for 2025. These large-scale fiscal incentives, designed to stimulate economic activity, continue to significantly affect the federal government's overall earning capacity.
Nigeria's financial system is projected to receive a N3.12 trillion liquidity boost this week, driven primarily by N2.97 trillion in maturing Open Market Operations. This anticipated injection follows a previous period of significant liquidity expansion within the country's banking system.
A petroleum economist has urged the Federal Government of Nigeria to reform the national fuel pricing system. The expert advocated for measures that prioritize long-term market efficiency and transparency rather than simple adjustments to the retail pump price.
Management consultant Dr. Ayo Adeyemi has congratulated Muiz Banire on his recent board appointment at Julius Berger Nigeria Plc, a listed construction and real estate company on the Nigerian Exchange.
HBM Nigeria Plc has officially changed its trading ticker symbol on the Nigerian Exchange from WAPCO to HBMNG. This adjustment marks a key milestone in the company's rebranding and transition from its former corporate identity as Lafarge Africa Plc.
Global oil prices increased by over four percent to approximately $79 per barrel following military exchanges between the United States and Iran. The escalation has heightened concerns about potential disruptions to global crude supplies, driving the commodity's price upward.
Nigeria's overnight funding market reached a record high of N97.45 trillion in June, up 1.13% from N96.36 trillion in May. This follows a significant 42.58% growth in trading volume in May from N67.58 trillion in April, reflecting sustained momentum in market liquidity.