Blord Dares Critics with N500k Over Tax App Scam Claims
Crypto entrepreneur Blord responds to fraud allegations tied to his new tax app with a N500k cash dare. Get the full story on the controversy and public reactions.
Category : Business
N50 Stamp Duty on Bank Transfers Starts 2026
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
Dangote Refinery Offers 10-Day Credit, Free Fuel Delivery
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
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Modern Veterinary Hospital Project Begins in Taraba
Livestock farmers in Taraba State celebrate as land is handed over for a new veterinary hospital in Jalingo. The L-PRES and World Bank project aims to boost animal health and farming resilience.
NGX Rally Adds N411bn as 2025 Trading Closes
The Nigerian stock market closed 2025 on a high note, with investor wealth surging by N411 billion. The NGX All-Share Index rose 0.42% as trading volume hit 4.7 billion shares. Discover the top gainers and losers.
Dangote Refinery Offline for Maintenance, Targets 700k bpd
Nigeria's Dangote Refinery starts planned maintenance to boost petrol output and achieve 700,000 barrels per day capacity by early 2026, reducing fuel imports by over 60%.
Tinubu: Tax Reforms to Proceed as Planned from 2026
President Bola Tinubu confirms Nigeria's reformed tax laws will take effect on January 1, 2026, calling it a 'once-in-a-generation' fiscal reset. Read the full details.
NECA Faults Ban on Sachet Alcohol, Warns of Job Losses
Nigerian employers' body NECA criticizes the ban on sachet alcohol, warning it may worsen smuggling and cause massive job losses. They urge broader stakeholder talks.
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Stock Market Cap Hits N98.8trn on High Volume Trading
The Nigerian equities market surged by N411 billion on Tuesday, with trading volume jumping 219% to 4.68 billion shares. Market capitalisation closed at N98.843 trillion. Discover the top gainers and losers.
Nigeria records $4.6bn BoP surplus in Q3 2025
Nigeria's external sector strengthens as the CBN reports a $4.6 billion Balance of Payments surplus for Q3 2025, driven by trade gains and rising reserves. Read the full analysis.
ALCMAN's 2026 Automated Platform for Local Spare Parts
ALCMAN plans a 2026 digital platform for real-time access to Nigerian-made vehicle parts, boosting local content and after-sales service. Read more about this automotive revolution.
NIPCO to Boost Stake in Savannah Energy to 26.5%
Savannah Energy ends its share buyback, freeing £10m. NIPCO plans to increase its stake to 26.5% via secondary market deals. A new relationship agreement aims to protect minority shareholders. Read the full details.
NAICOM: No Extension for Insurance Recapitalisation
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
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NECA Supports Jan 1 Tax Reform Kickoff
NECA supports Nigeria's new tax laws starting January 1, 2025, urging amendments for genuine concerns. DG Adewale-Smatt Oyerinde calls for macroeconomic gains to reach micro level. Read more.
NNPC Debt Waiver: Only Penalties Forgiven
Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.
Last-Mile Hurdles Rob Rural Nigeria of Digital Economy
Despite billions invested in fibre, Nigeria's rural communities remain disconnected. Explore how the last-mile gap cripples farmers, healthcare, and education, widening the national digital divide.
Tinubu insists new tax laws start Jan 1, ignores suspension calls
President Bola Tinubu reaffirms Nigeria's new tax laws commence January 1, 2026, dismissing PDP, ANAN, and Ezekwesili's calls for suspension over alleged discrepancies in the gazetted versions.
Kano Inland Container Depot Sees Terminal Record Growth
APM Terminals marks 10 years of its Kano ICD, reporting expansion to 11 shipping lines and 600 monthly containers. The company aims to restore Kano's historic role as a major trade hub for Niger and Chad. Read more.
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Reposition Private Sector for $3.4trn AfCFTA Gains – NBGN
NBGN Chairman Bashorun Randle urges the FG to urgently reposition Nigeria's private sector to harness the $3.4 trillion AfCFTA market. Read more on the needed reforms.
20m Nigerian Homes Stick to Firewood Over Cooking Gas
Despite rising LPG production, over 20 million Nigerian households rely on firewood and charcoal due to high costs. Experts warn of deforestation and health risks as government targets 5 million cylinders by 2030.
NDIC Reaffirms Fiscal Compliance, Seeks Stronger Capacity
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
MA'AM Energy Takes Control of Geregu Power in $750m Deal
MA'AM Energy Limited becomes the new controlling shareholder of Geregu Power Plc in a landmark $750 million transaction, leading to a complete board overhaul. Discover the details and implications for Nigeria's power sector.
Nigeria's 5G Users Hit 6.38 Million, Data Consumption Soars
NCC data reveals 6.38 million Nigerians are on 5G networks, while national data consumption hits a record 1.24 million terabytes in a month. Explore the growth, urban-rural divide, and infrastructure challenges.
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Nigeria's Business Activity Expands in December, PMI Rises to 57.6
Nigeria's private sector closed 2025 on a high note as the Purchasing Managers' Index (PMI) rose to 57.6 in December, signaling the fastest expansion pace of the year. Read the full CBN report details.
NAMA Explains Harmattan Flight Delays and Diversions
NAMA clarifies that recent flight disruptions are due to adverse harmattan weather and airline operational limits, not faulty navigational aids. All equipment meets international standards. Read more.
ATCON: Telecoms Overcame 2025 Challenges, See Growth Ahead
Nigeria's telecom industry body, ATCON, says 2025 was difficult but the sector expanded. It projects accelerated investment in 2026 driven by fibre, data centres, and supportive policies. Read the full outlook.
Gas Crisis Fuels Deforestation as Prices Soar
Despite vast gas reserves, soaring LPG prices force Nigerian households back to firewood and charcoal, deepening health risks and accelerating forest loss. Experts warn of a growing energy poverty crisis.
GRIP Initiative Unveils Plan to Empower Nigerians in Diaspora
Woodhall Capital's GRIP initiative launches in Lagos to empower diaspora Nigerians & young professionals, aiming to drive inclusive economic growth across all 36 states. Discover how.
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New Climate Strategy Proposed to US & UN from Nigeria
A Nigerian think tank proposes a realistic global climate plan focusing on Circular Carbon Economy & CCUS, urging US leadership and UN adoption for an equitable energy transition.
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