Man spends N8m on solar, leaves Nigeria's power grid
Agba Akin invested N8 million in a solar power system to escape Nigeria's unreliable national grid. See his story and public reactions to this major energy move.
Category : Business
CITN Calls for Verification of Contested Tax Laws
The Chartered Institute of Taxation of Nigeria demands immediate verification of contested tax Acts to ensure legislative integrity and transparency. Read the full story.
CBN Pumps $150M to Defend Naira Amid Forex Crunch
The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.
High Rent in Ilorin Stalling Marriages, Say Young Adults
Young adults in Ilorin reveal how skyrocketing rent and housing expectations are forcing them to delay marriage. Landlords, POP houses, and limited jobs blamed. Read more.
Banks Shut Branches for Christmas, Urge Digital Banking Use
Nigerian banks and capital market firms will close physical branches for Christmas. Customers are advised to use mobile apps, USSD, and online platforms for uninterrupted services.
Providus Bank Worker Shares 6 Christmas Bonus Items
A Providus Bank employee reveals the six generous bonuses staff received for Christmas 2025, including a 13th-month salary and rice. See the full list and public reactions.
Lagos to Cut Taxes from 65 to 9 in Major 2026 Reform
Lagos State plans a sweeping tax overhaul, reducing levies from 65 to just 9 by 2026. The reform aims to ease business burdens and boost compliance. Learn what's changing.
NLC to reject new tax laws over political manipulation
The Nigeria Labour Congress vows to reject new tax reforms set for 2026, citing political interference and lack of worker inclusion. President Joe Ajaero calls for tax justice and fair worker treatment.
Axxela Wins Carbon Reduction, Sustainability Awards 2025
Axxela Limited secures double honours at the 2025 Social Impact Awards for cutting CO2 emissions by over 703,000 tonnes. Discover how they're driving Nigeria's clean energy transition.
FMDQ Market Activity Slows, Turnover Drops 24%
Trading activity on the FMDQ Securities Exchange contracted sharply in November 2025. Total secondary market turnover fell by 24.22% month-on-month to N54.64 trillion. Read the full analysis.
LCCI: N15.52tr Debt Service a Huge Fiscal Burden
LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.
January Tax Reforms Face Uncertainty Over Alteration Claims
Nigeria's planned January tax reforms face mounting opposition from lawmakers, labour, and civil society over allegations of unauthorised alterations. Calls grow for suspension pending investigation. Read more.
Power Grid Crashes to 3,000MW, N5 Trillion Lost
Nigeria's power crisis deepens as grid output averages 3,000MW, far below 13,625MW capacity. Experts blame N4 trillion debt and poor remittance, leaving many in darkness this Christmas. Read the full analysis.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
OML 30 Sees Rising Production After Major Restructuring
Heritage Energy says years of restructuring and investment in OML 30 are now yielding rising production and stronger reserves. The firm prioritized long-term stability over short-term gains.
Universal Insurance Gets BBB- Rating from Agusto & Co
Agusto & Co assigns a BBB- rating with a stable outlook to Universal Insurance Plc, citing strong 2024 results, robust solvency, and improved profitability. Discover the key figures behind the rating.
Apapa Port Nears Full Deployment of Cargo Scanners
The Nigeria Customs Service is 80% ready to deploy a new FS6000 scanner at Apapa Port, aiming to end physical cargo checks and boost trade. Read more about the impact on clearance times.
NCAA Directors Reshuffled Over Airworthiness Unit Allegations
Aviation Minister Festus Keyamo reshuffles NCAA directors amid allegations of inefficiency and compromised oversight in the critical airworthiness unit. Learn the details and safety implications.
DMO Sells N1.6tn T-Bills, Bonds Demand Spikes in November
Nigeria's debt market surged in Nov 2025 with DMO selling N1.6tn in T-bills. FGN Bonds & OMO Bills saw massive oversubscription as the Naira appreciated. Full market analysis inside.
Ex-Nigerian Airways Staff Seek PTAD Help on Pension
Retirees of defunct Nigerian Airways met with PTAD in Abuja, seeking inclusion on the federal pension payroll. PTAD's Tolulope Odunaiya acknowledged their plight but cited legal constraints. Read more on their decades-long struggle.
NIPCO saves N44m yearly with solar at fuel stations
NIPCO Plc has cut energy costs by N44.4 million annually after switching three fuel stations to hybrid solar power. The move eliminates grid reliance and reduces carbon emissions. Discover how renewable energy is transforming Nigeria's retail fuel sector.
All On's Clean Energy Reaches Over 1 Million Nigerians
All On's 2025 Impact Report reveals its clean energy investments have improved lives for over one million Nigerians. Discover how strategic funding is bridging the energy gap.
NLC Calls for Rejection of Distorted Tax Law
The Nigeria Labour Congress urges Nigerians to reject any falsified tax law, emphasizing fairness and collective action to protect workers' rights and dignity. Join the call for social justice.
Katsina Bishop Criticizes Punitive Taxes, Urges FG Support
Bishop Gerald Mamman Musa calls for compassionate taxation, support for farmers & SMEs, and warns against 2027 electioneering amid hardship. Read his full Christmas message.
Historic First: Plane Lands Itself in Emergency
A Beechcraft Super King Air 200 made aviation history by using Garmin's Autoland system to land itself during a real in-flight emergency. Both crew members are safe. Read the full story.
Suspension Demanded for New Tax Laws Over Breaches
Nigerian tax reforms face suspension calls due to alleged constitutional violations. Dr. Joseph Gimba warns of legal risks and public distrust. Read the full analysis.
75 Boat Operators Trained for Safer Inland Waterways
The Federal Government, through NIWA, has trained 75 boat drivers from Lagos, Ogun, and Ondo states in navigation and safety to curb accidents. This initiative aims to boost professionalism on Nigeria's inland waterways.
NCAA Reshuffle Over Safety Lapses in Airworthiness Unit
A major reshuffle of top NCAA directors is tied to allegations of compromised safety oversight in the airworthiness department. Read the full investigation into the regulatory lapses.
FG, RSE Energy Partner on Embedded Power for Industries
The Federal Government partners with RSE Energy to deploy off-grid power for industrial clusters, starting with Idu. This aims to cut costs, boost productivity, and enhance Nigeria's industrial competitiveness. Read more.
Ukraine evacuates horses from war-torn Zaporizhzhia region
Ukrainian workers risk their lives to evacuate horses from a state stud farm in Zaporizhzhia as Russian attacks escalate. Read how the war impacts animals.
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