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The Nigeria Sovereign Investment Authority (NSIA) has surpassed the $3 billion mark in total assets, signaling a maturation from its foundational mandate as a stabilization fund into a sophisticated architect of national economic systems. Established over a decade ago by an Act of Parliament to manage Nigeria’s sovereign wealth, the Authority has evolved into a…
The Independent Petroleum Marketers Association of Nigeria has revealed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products. The association also directed its members nationwide to prioritize the purchase of Premium Motor Spirit from the Dangote Petroleum…
TikTok has reached a major breakthrough in its long-running battle to remain operational in the United States, announcing on Thursday that it has signed a joint venture agreement with US and international investors aimed at averting a looming ban tied to its Chinese ownership. According to an internal memo, TikTok Chief Executive Officer Shou Chew…
European markets have spent much of the past year trailing the United States, and investors are now pinning their hopes on a potential spending surge in Germany to change the narrative in 2026. As the European Union’s largest economy, Germany’s fiscal choices are seen as pivotal—but markets want proof that promised spending will translate into…
The Federal Government has unveiled a new Presidential Executive Order prohibiting the exportation of wood, charcoal, and other allied forest products from Nigeria. The Minister of Environment, Alhaji Balarabe Abbas-Lawal, announced the order on Wednesday in Katsina during the 18th meeting of the National Council on Environment (NCE). He said the directive, titled “Presidential Executive…
Rising anxiety over Nigeria’s ongoing tax reform reflects a deeper crisis within the country’s fiscal architecture rather than a fair reading of the policy recalibration. Beneath the public fear lies a system plagued by weak revenue mobilisation, loopholes that enable wealthy individuals and corporations to evade taxes, and a long-standing structure that fuels poverty and…
