Rewane: Falling Oil Prices Threaten Nigeria's Budget
Economist Bismarck Rewane warns Nigeria faces fiscal deficits from falling crude oil prices. He projects market growth but urges spending efficiency. Read his full analysis.
Category : Business
Nigeria's Maritime Sector Sees Major Turnaround in 2025
The Federal Ministry of Marine and Blue Economy affirms significant progress in 2025, citing Apapa gridlock resolution, IMO Council return, and new port approvals as key achievements driving economic diversification.
NLC warns new tax laws undermine democracy, system
The Nigeria Labour Congress warns the Federal Government that the new tax laws undermine the tax system and democracy. Get the full details on the controversy, including reactions from Oshiomhole, APC, and tax experts.
Balogun traders lament shop closures after fire
Traders in Lagos's Balogun Market face hardship as shops remain sealed weeks after the GNI building fire. Governor Soludo mourns victims as officials cite safety concerns.
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FG Lauds Dangote Cement's Impact in Benue Communities
Minister Dele Alake commended Dangote Cement for fulfilling its Community Development Agreement in Gboko, Benue, with new water projects and scholarships. Read about the N28.8 million initiative.
2025 Tax Reforms: Nigeria's Path to Fiscal Stability
Nigeria's 2025 Tax Acts aim to rebuild the nation's fiscal architecture, protect low earners, and drive digital compliance. Discover the long-term strategy beyond the revenue debate.
CRIRS Suspends Tax Assessments for Reform Review
Cross River IRS suspends new tax assessments to align with the 2025 Tax Act, aiming to curb leakages and enforce digital payments. Rangers also train to combat illegal mining in the national park.
Leadway Verifies African Alliance Annuitants Post-Portfolio Transfer
Leadway Assurance begins validating thousands of African Alliance retirees to ensure seamless annuity payments. This NAICOM-backed move aims to protect retirees' financial security amidst rising living costs. #Insurance #Nigeria
Customs Generates N2.93trn at Apapa Port in 2025
The Nigeria Customs Service, Apapa Port Command, recorded N2.93 trillion revenue in 2025, a 24.32% increase. Controller Emmanuel Oshoba credits technology and stakeholder compliance. Read more.
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Firm Wins AfriSAFE Award, Urges Nigeria to Pass Safety Law
Finsbury Heinz Limited wins AfriSAFE Auditing Company of the Year 2025. Its MD, Jamiu Badmos, calls on the Nigerian government to urgently sign the Occupational Safety and Health Bill into law to save lives.
CITN: Sustained Implementation Critical for Tax Reform
CITN President Innocent Ohagwa outlines the pillars for Nigeria's new tax reform success: sustained implementation, capacity building & stakeholder engagement. Learn how the reforms aim to harmonize taxes and boost revenue.
Education Tax Exemption Urged for Nigerian Universities
Prof. Bode Ayorinde calls for tax exemption for universities, warning that current levies stifle quality education and national development. Read his full appeal.
Nigeria's GDP to grow 4.3% in 2026, says PwC
PwC Nigeria projects 4.3% GDP growth for 2026, driven by inflation moderation and naira stability. The report outlines seven key themes shaping the economic outlook for businesses and investors.
Manufacturers Seek Single-Digit Loans, Sustained Reforms
Nigerian manufacturers call for loans below 10% and consistent economic policies to revitalize the sector in 2026, despite stable FX and new tax reliefs. Read their full demands.
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Cashew Could Earn Nigeria $10 Billion Yearly
NCAN reveals Nigeria's cashew value chain can generate $10 billion annually with proper development. Learn about the untapped potential and upcoming Nigeria Cashew Day 2026.
Oil Price Falls Below Nigeria's 2026 Budget Benchmark
Global oil prices drop after Trump's Venezuela deal, falling below Nigeria's $64.85 per barrel budget benchmark. This threatens the implementation of the N58.18 trillion 2026 budget. Read the full analysis.
Nigeria-China trade hits $22.3b, envoy projects growth
Bilateral trade between Nigeria and China surged to over $22.3 billion in the first ten months of 2025, a 30.2% year-on-year increase. The Chinese Consul-General in Lagos projects even stronger cooperation in 2026. Read more on the key sectors driving thi
US to Control Venezuela Oil Sales Indefinitely
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
Nigeria's Cashew Industry: $10 Billion Yearly Potential
NCAN reveals Nigeria could generate $10 billion annually from cashew with right policies. Weak processing and data gaps hinder growth. Nigeria Cashew Day 2026 aims for national policy.
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Haba Naija Helps Nigerian Businesses Gain Digital Visibility
Discover how structured platforms like Haba Naija are helping Nigerian SMEs overcome visibility challenges in a competitive digital economy. Learn why digital discoverability is the new currency for business growth.
Chevron Bids for Sanctioned Lukoil's Foreign Assets
US oil giant Chevron partners with Quantum Capital Group in a major bid for Lukoil's $22bn international portfolio. Read about the deal's timing and geopolitical implications.
NLC Tells FG: Suspend New Tax Laws Now
The Nigeria Labour Congress demands suspension of new tax reforms, warning they deepen hardship and exclude workers' input. NLC President Joe Ajaero issues strong warning in Abuja.
Customs Generates N2.93tr at Apapa Port in 2025
Nigeria Customs Service's Apapa Command reports a record N2.93 trillion revenue for 2025, a 24.32% increase. The feat is credited to tech deployment and stakeholder compliance. Read more on the strategies and enforcement wins.
US Seizes Russian Oil Tanker in North Atlantic
US forces seized the Russian-flagged Marinera oil tanker in the North Atlantic for violating sanctions linked to Venezuela and Iran. A second vessel was captured in the Caribbean. Read the full details.
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Dangote Group 2026 Job Openings: ND, Degree Holders Apply
Dangote Group announces over 40 job vacancies across cement, food & corporate divisions. Open to Nigerians with diplomas, degrees & certifications. Apply now!
Woman Saves N2,500 Daily on OPay, Reveals Total After 50 Days
A Nigerian lady's disciplined savings plan of N2,500 daily on OPay for 50 days yielded a specific sum. She explains why the total was less than expected. See her story and netizens' reactions.
SEC Warns Against Illegal Online Investment Platform
Nigeria's SEC warns the public against Voya Investment Management, an unregistered online platform falsely claiming regulatory approval. Verify all investment firms before committing funds.
New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
Nigerian Boy Uses School Fees to Buy Bitcoin, Dad Rages
A Nigerian father was left furious after discovering his son used his entire school fees to invest in Bitcoin. The viral story has sparked intense online debate about risky investments and financial responsibility among youths.
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PwC Projects Nigeria's Economy to Grow 4.3% in 2026
PwC Nigeria's Economic Outlook 2026 projects 4.3% GDP growth, highlighting a path from stability to sustainable expansion. Discover the key drivers and business imperatives for the year ahead.
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