business
Tinubu and FIRS Defend New Tax Laws as the ‘Ultimate Engine’ for 2026 Prosperity and National Wealth Creation As Nigeria enters a new fiscal year, the Federal Government has made a bold case for its controversial fiscal policies, declaring that the newly effective tax laws are the definitive path to a more prosperous and self-sufficient […]
NANS Joins NBA in Demanding Immediate Suspension of 2025 Tax Laws, Citing ‘Legislative Forgery’ and Lack of Public Awareness With less than 72 hours remaining until the commencement of Nigeria’s most ambitious fiscal overhaul, the National Association of Nigerian Students (NANS) has thrown its weight behind calls to halt the 2025 Tax Reform Acts. In […]
‘Nigeria is Not at War,’ Edun Reassures Global Investors as Economy Targets Strong 2026 Growth Post-Sokoto Airstrikes The Federal Government has moved to quell jitters in the international financial community, with Finance Minister Wale Edun declaring that Nigeria remains an “anchor of peace” despite recent intensified military actions in the North-West. In a personally signed […]
Experts Demand Urgent Land Use Act Reform and Strict Rental Regulation to Tackle Nigeria’s ‘Unbearable’ Housing Costs As the year 2025 draws to a close, the conversation surrounding Nigeria’s deepening housing crisis has taken a sharp turn toward policy intervention. Prominent housing advocates and urban planners are warning that without a fundamental overhaul of land […]
Top 5 Financial ‘Cheat Codes’ for Gen Z to Outpace Inflation as Nigeria’s Price Surge Hits 5-Year Low Ahead of 2026 As Nigerian markets reopened, for the final trading week of the year, a new wave of financial advisory is targeting the nation’s youth. While official data from the National Bureau of Statistics (NBS) shows […]
Tinubu Hails $1.26bn Financing Milestone for Lagos–Calabar Coastal Highway as Global Lenders Back 55km Lekki-Ode-Omi Section President Bola Tinubu has described the successful securing of a $1.26 billion financing package for the Lagos–Calabar Coastal Highway as a “major achievement” that guarantees the project will proceed without interruption. In a statement released on Friday, December 26, […]
Eko Drive IV Lights Up Lagos with Rare Electric G-Wagon Stunt and High-Octane Luxury Car Showcase at Alliance Française Lagos solidified its status as the heartbeat of West Africa’s automotive lifestyle this week as the fourth edition of the Eko Drive Exhibition (Eko Drive IV) transformed the Alliance Française into a sprawling gallery of horsepower, […]
CBN Governor Woos Global Investors in Washington, Cites 14.4% Inflation Drop and $44bn Reserve Buffer as Proof of Reform Success The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has taken Nigeria’s “orthodox” economic story to the heart of global finance, assuring international business leaders that the country has moved beyond the era […]
Dangote Refinery Crashes Petrol Prices to ₦739/Litre at MRS Stations Nationwide, Issues Hotline to Report Overcharging Amid 50m Litre Daily Supply Guarantee In a massive shift for Nigeria’s energy sector, the Dangote Petroleum Refinery has successfully forced a downward review of fuel prices nationwide, launching its petrol at a retail price of ₦739 per litre […]
FG Temporarily Opens Landmark Bodo-Bonny Road, Ending Decades of Risky Sea Travel for Yuletide Commuters Amid Strict 7PM Night Ban In what many residents are calling a “Christmas miracle,” the Federal Government has officially opened the gates of the ₦280 billion Bodo-Bonny Road to public traffic, providing a safe, overland passage for thousands of Nigerians […]
1st Choice Properties Launches West Africa’s First Anti-Fraud App, Moves to Protect Nigerians From ₦100bn Annual Losses In a major bid to sanitize Nigeria’s high-risk property market, tech-driven firm 1st Choice Properties Limited has launched a landmark mobile application aimed at ending the reign of “land grabbers” and fraudulent agents. Unveiled in Lagos, the “1st Choice […]
Heirs Energies Secures $750m Afreximbank Facility to Double Production and Fast-Track Nigeria’s Energy Sufficiency Goals In a landmark move for Africa’s indigenous energy sector, Heirs Energies Limited has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank) to significantly scale its oil and gas operations. The agreement was finalized during a high-profile […]
FCCPC Issues Stern Warning to Transporters Over ‘Exorbitant’ Fares, Vows to Penalise Operators for Consumer Exploitation Amid Holiday Rush The Federal Competition and Consumer Protection Commission (FCCPC) has issued a high-level warning to interstate transport operators across Nigeria, declaring that while the law allows for price adjustments in a deregulated market, the “systemic exploitation” of […]
Ogun Customs Command Intercepts N2bn Contraband in Two Weeks, Seizes Narcotics and Substandard Food Items in Major Border Crackdown The Ogun Area I Command of the Nigeria Customs Service (NCS) has dealt a massive blow to economic saboteurs, intercepting various contraband goods with a total Duty Paid Value (DPV) of ₦2,006,008,898 in just two weeks of […]
EU Commits to Powering 10 Gombe PHCs and Local Businesses with 300kW Solar Microgrids Under Nigeria Solar for Health Project The European Union (EU) has announced a significant investment in healthcare infrastructure in Gombe State, revealing plans to install solar microgrids with a cumulative capacity exceeding 300 kilowatts (300kW) to provide reliable, 24-hour electricity to […]
Datesstore Nigeria Partners Saudi Arabia for Raw Materials, Seedlings, and Technology to Establish Africa’s Largest Date Processing Hub In a major step toward boosting Nigeria’s agro-processing and non-oil export sector, Datesstore Nigeria Limited has announced a strategic partnership with key stakeholders in Saudi Arabia to establish a robust and sustainable date processing industry within the […]
UNDP, Mastercard Foundation, and NerdzFactory Champion Innovation at Lagos Showcase, Provide Grants to Scale Young African Innovates Solutions A major push to harness youth-led solutions for economic transformation took center stage in Lagos, as the NerdzFactory Company, in partnership with the United Nations Development Programme (UNDP) and the Mastercard Foundation, organized the Innovation State Showcase for […]
Asian Stocks Soar to One-Month High After Federal Reserve’s Rate Cut and Less-Hawkish Outlook Spurs Investor Optimism Asian stock markets closed sharply higher, tracking record gains on Wall Street, as investors continued to react positively to the Federal Reserve’s (Fed) latest decision to cut interest rates. The market rally was driven by the expectation that […]
CBN Mandates Dual Connectivity for PoS Terminals, Sets One-Month Deadline to End Transaction Failures The Central Bank of Nigeria (CBN) has issued a significant directive mandating all key players in the Nigerian payments ecosystem to establish mandatory dual connectivity for Point-of-Sale (PoS) transactions, setting a strict compliance deadline of one month. This move is a […]
Federal Government Slashes Oil Block Signature Bonus to Minimum $3 Million to Attract Investors in 2025 Licensing Round In a bold move to revive investment and participation in the nation’s oil and gas sector, the Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has drastically reduced the signature bonus required for oil blocks […]