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Oil Output Slump Puts 2025 Budget at Risk - NESG
The Business NG
|The BusinessNG
The Nigerian Economic Summit Group (NESG) has raised the alarm over the continued decline in oil sector performance, warning that it could severely undermine the effective execution of the 2025 federal budget.
In its latest publication, NESG 2025Q1 GDP Alert, the private-sector think tank revealed that Nigeria's crude oil production in the first quarter of 2025 fell significantly short of the government's benchmark of 2.06 million barrels per day. This production sho
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FLERE HISTORIER FRA The Business NG
The Business NG
Lagos Governor Signs 2024 Electricity Law, Launches Regulatory Commission
Lagos State Governor, Babajide Sanwo-Olu, has officially signed the 2024 Electricity Law into effect and inaugurated the state's new electricity regulatory commission, marking a major step in strengthening power governance and regulation in Nigeria's commercial hub.
1 min
BusinessNg
The Business NG
Old Naira Notes Disappear from Nigeria's Streets Despite Remaining Legal Tender
Although Nigeria officially still recognizes the ₦5, ₦10, ₦20, and ₦50 notes as legal tender, these denominations have all but vanished from everyday transactions in markets and commercial hubs.
1 min
BusinessNg
The Business NG
Nigeria to Tax Informal Businesses at 1% of Annual Turnover in Major Reform
Informal businesses across Nigeria are set to begin paying a 1 per cent tax on their annual turnover as the Federal Government implements measures to broaden the nation's tax base under its 2025/2026 fiscal reform agenda.
1 min
BusinessNg
The Business NG
Nigeria's Economy Continues to Grow as CBN PMI Reaches 56.4 in February
Nigeria's economic activity continued to improve in February 2026, according to the latest Purchasing Managers' Index (PMI) released by the Central Bank of Nigeria (CBN).
1 min
BusinessNg
The Business NG
Nigerians Groan as Petrol Hits N1,040 in Lagos, N1,080 in Abuja
IPMAN seeks FG's intervention as PMS pump price hits high
1 min
BusinessNg
The Business NG
Kano Deputy Governor Gwarzo Ousted: Inside the Impeachment That Shook the State
The Kano State House of Assembly has officially removed Deputy Governor Aminu Abdussalam Gwarzo from office, following allegations of gross misconduct, abuse of office, and breach of public trust.
1 min
BusinessNg
The Business NG
20 Nigerian States Keep Citizens in the Dark on Local Budgets - BudgIT Reveals
A recent report by BudgIT Nigeria has revealed that most local government budgets in Nigeria remain inaccessible to the public, highlighting a major transparency gap across the country.
1 min
BusinessNg
The Business NG
NO NERD, NO NYSC: FG Cracks Down on Fake Certificates
The Federal Government of Nigeria has made compliance with the Ni-
1 min
BusinessNg
The Business NG
25 Days to Deadline: $706.84m Flows into Nigerian Banks Amid Stable FX
Optimus, Sterling Bank Hit Recapitalisation Targets Unity, Providus Banks Get Green Light for N200bn Merger FCMB Group Seeks CBN Approval for International Licence
1 min
BusinessNg
The Business NG
MTN's Staff Cost Six Times Dangote's
•Dangote pays N1.06m, MTN Pays N6.42m Per Staff Monthly
1 min
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