NIGERIA RECORDS $947M JULY REMITTANCES, NEARS CBN’S $1BN MONTHLY TARGET
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and a significant step towards the Central Bank of Nigeria’s (CBN) $1 billion monthly target.
TAX OMBUD, OGFZA PARTNER TO BOOST INVESTOR CONFIDENCE
The Office of the Tax Ombud and the Oil and Gas Free Zones Authority, OGFZA, are set to work together to attract more foreign direct investment into Nigeria’s oil and gas free zones. The partnership was announced on Wednesday, August 20th, 2026.
NADDC SEEKS MORE PRIVATE MONEY TO GROW NIGERIA’S CAR INDUSTRY
The National Automotive Design and Development Council, NADDC, says Nigeria needs more private investment to grow its car industry and reduce dependence on imports.
NAICOM ISSUES NEW LICENCES TO COMPLIANT INSURANCE FIRMS UNDER NIIRA 2025
The National Insurance Commission, NAICOM, has issued fresh operating licences to additional insurance companies in Nigeria.
FINANCE MINISTER, OYEDELE DEFENDS ECONOMIC REFORMS
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, says President Bola Tinubu inherited severe structural deficiencies, including $6 billion in unpaid petroleum import liabilities and a revenue-to-GDP ratio far below global averages.
FAAC MEETS IN OWERRI, CHARTS FISCAL FITNESS PATH FOR NIGERIA
The Federation Account Allocation Committee, FAAC, held its August 2026 meeting in Owerri, Imo State, on the sidelines of the National Council on Federation and Economic Development, NACOFED.
FCCPC FLAGS POSSIBLE CEMENT PRICE MANIPULATION IN NIGERIA
ABUJA – The Federal Competition and Consumer Protection Commission, FCCPC, has flagged possible manipulation of cement prices in the Nigerian market following a three-month industry-wide investigation.
NSDC MOBILISES $1 BILLION INVESTMENT PIPELINE TO ACCELERATE NIGERIA’S SUGAR SELF-SUFFICIENCY DRIVE
The National Sugar Development Council, NSDC, says it is repositioning Nigeria’s sugar sector as a major industrial investment opportunity.
FGN POWER COMPANY SUPPORTS VISIOLA FOUNDATION’S STEM CAMP, PROMOTES NEXT GENERATION OF ENERGY INNOVATORS
FGN Power Company (FGNPC) has reaffirmed its commitment to strengthening technical capacity and promoting innovation in Nigeria’s power sector through its support for the Visiola Foundation’s 2026 STEM Summer Camp in Abuja.
NEPZA COMMENDS ZEBERCED’S ACCELERATION OF $300M ABUJA FREE TRADE ZONE PROJECT
The Nigeria Export Processing Zones Authority (NEPZA) has commended Zeberced, the management company of the Abuja Industrial Park, for accelerating the construction of the $300 million Free Trade Zone (FTZ) project in the Federal Capital Territory.