Which is Nigeria's Richest Culture? Analysis of Wealth
Explore the complex economic landscape of Nigeria's major ethnic groups. Discover why no single culture is the richest and how Hausa-Fulani, Yoruba, and Igbo build wealth differently.
Category : Business
CSOs Back National Assembly on Tax Reform Process
A coalition of over 100 CSOs has endorsed the National Assembly's constitutional approach to reviewing Nigeria's landmark tax reform laws. They urge patience for due process.
Tax Ombudsman Office Begins Operations January 1
Nigeria's new Tax Ombudsman office launches Jan 1, 2026, to protect taxpayer rights and resolve disputes fairly. Learn about its mandate and impact.
NANS Faults Tax Reform Process, Urges FG to Suspend
NANS urges FG to suspend the January 1, 2026, tax reform rollout, citing poor public sensitisation and legislative discrepancies. The student body threatens nationwide protests if demands are ignored within 14 days.
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National Grid Collapses, Plunges Nigeria into Darkness
Nigeria's national grid collapsed on Monday, December 29, 2025, causing widespread blackouts. Power generation crashed from over 2,000MW to just 140MW. Read the full details and impact.
Professionals Powering Nigeria's Mining Sector Growth
Insights from Segilola Resources' leaders on unlocking Nigeria's solid minerals potential, creating jobs, and driving sustainable economic diversification away from oil dependency.
Otedola Sells Geregu Power Stake for N1.088 Trillion
Nigerian billionaire Femi Otedola has sold his controlling stake in Geregu Power Plc in a landmark N1.088 trillion transaction. Discover the details and implications of this major shift in Nigeria's energy sector.
Nigeria's National Grid Collapses, Power Drops to 139MW
Nigeria's national power grid collapsed on Monday, December 29, 2025, causing a nationwide blackout after generation crashed from 4,800MW to 139MW. Get the full report.
Nigeria's Power Grid Collapses, Plunging Nation into Darkness
Nigeria's national electricity grid collapsed on Monday, causing a nationwide blackout as generation crashed from over 2,000MW to just 139MW. Only three DisCos received power. Read the full report.
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New N50 Stamp Duty on Bank Transfers Starts Jan 1
Nigerians will pay a new N50 government levy on electronic transfers above N10,000 from January 1, 2026. Learn how it works and its impact on your finances.
Nigerian in UK Spends N23m on Rent, Sparks Online Debate
A Nigerian man in the UK sparked debate after revealing his N23 million yearly rent for a one-bedroom flat, claiming it could build a hotel in Nigeria. See the mixed reactions online.
FG: New Tax Laws to Support Airlines, Not Harm Them
The Presidential Tax Committee clarifies that new tax reforms will aid Nigerian airlines by removing burdensome charges and improving cash flow, countering Air Peace CEO's warning of soaring fares.
FG Cancels N5.57 Trillion, $1.42 Billion NNPC Debt
President Tinubu approves massive debt write-off for NNPC after reconciliation, aiming for a clean financial slate. Discover the details and ongoing revenue challenges.
Nigeria's Power Grid Collapses, Supply Drops to 50MW
Nigeria's national electricity grid collapsed on Monday, December 29, 2025, causing a nationwide blackout. Only two distribution companies received power. Read for details and restoration updates.
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100+ CSOs Back National Assembly on Tax Reforms
A coalition of over 100 civil society organisations has declared support for the National Assembly's handling of Nigeria's new tax laws, praising transparency and due process. Read the full details.
AKK Gas Pipeline to Start Operations in Early 2026
Nigeria's $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline is on track to begin operations in early 2026, promising to transform energy supply and industrial growth in the north. NNPC targets $30 billion in oil and gas investments by 2030.
NCAA: High Demand, Not Taxes, Caused December Flight Fare Hike
The NCAA clarifies the surge in December airfares, blaming market forces and high demand, not government taxes. Read the full explanation and industry reactions here.
New Tax Laws Will Help Airlines - Oyedele
Taiwo Oyedele clarifies that Nigeria's new tax reforms from Jan 1, 2026, will reduce airline costs, not increase them. Key burdens like withholding tax on leases are removed.
Court Hears Suit to Stop New Tax Law Implementation
An Abuja High Court has begun hearing a suit seeking to halt Nigeria's new tax regime set for January 1, 2026. The case challenges the validity of key tax reforms. Read the latest details.
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Nigeria Tipped as Top Cocoa Supplier to Meet Global Demand
Dr. Ebenezer Akinrinade unveils Cocoa RepubliQ, a 200-acre estate in Ogun, highlighting Nigeria's unique potential to meet rising global cocoa demand. Investment starts at N3m.
Akpabio Donates Fishing Boats to Akwa Ibom Women
Senate President Godswill Akpabio boosts livelihoods in Akwa Ibom by donating 10 fully-equipped fishing boats to women and cooperatives in riverine communities. Read more.
Enugu Launches Livestock Hub to Boost Agro-Exports
Enugu State commissions a model veterinary hospital and flags off an integrated livestock development centre, aiming to transform agriculture and become a regional agro-export hub. #Agriculture #Enugu
FG Calms Investors After US Air Strike in Sokoto
Finance Minister Wale Edun says the joint US-Nigeria air strike was targeted at terrorists and reinforces economic stability. He highlights GDP growth, falling inflation, and credit rating upgrades.
Economy Remains Stable Despite Sokoto Airstrikes - Edun
Finance Minister Wale Edun assures that Nigeria's economy remains resilient with 3.98% Q3 GDP growth and falling inflation, despite recent counterterrorism operations in Sokoto. Investor confidence is high.
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FirstBank CEO Explains Digital Innovation Drive
FirstBank CEO Olusegun Alebiosu unveils a 24/7 Digital Xperience Centre at UNIBEN, enhancing customer flexibility and financial inclusion without job losses. Discover the future of banking.
Edun: Nigeria Open for Business After US Airstrikes
Finance Minister Wale Edun assures investors Nigeria remains stable and focused on growth following US-Nigeria joint security operation in Sokoto. GDP growth and falling inflation highlight strong economic fundamentals.
Nigeria Hits Record 1.236m TB Mobile Data Use in Nov 2025
Nigerians consumed a record 1.236 million terabytes of mobile data in November 2025, NCC data reveals. Explore the drivers, key players like MTN and Airtel, and the challenges facing digital growth.
Debt Servicing Cripples Africa's Development - Moghalu
Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.
NNPC Boss Says Petrol Price War Will Benefit Consumers
NNPC GCEO Bayo Ojulari states the fuel price competition between Dangote Refinery and marketers is a natural market shift that will ultimately favour Nigerian consumers. Read more.
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Nigeria's FX Reserves Surge to $45.24bn, Boosting Naira Hope
Nigeria's external reserves climbed to a seven-year high of $45.24bn in December 2025, a $4.39bn annual increase. CBN Governor attributes gains to FX reforms, raising fresh optimism for naira stability in 2026. Read the full analysis.
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