Dangote Named Guardian Person of the Year 2025
Aliko Dangote's refinery ends Nigeria's fuel import dependence, saving billions in forex and sparking industrial hope. Discover the impact of Africa's richest man.
Category : Business
New Tax Laws Will Reduce Airlines' Costs - Oyedele
Tax reform chief Taiwo Oyedele clarifies that Nigeria's new 2026 tax laws aim to lower airline operating costs, countering claims of massive fare hikes. Details inside.
Farmers: Cashew Export Ban Could Worsen Poverty
Nigerian cashew farmers urge the government to drop the proposed export ban, warning it will cripple the non-oil sector and increase poverty. They call for local processing plants instead.
Bolajoko Bayo-Ajayi Installed as First Female NIMN Head
Bolajoko Bayo-Ajayi breaks barriers as the first woman to lead the Nigeria Institute of Marketing of Nigeria. Industry leaders call for collaboration and trust-building. Read more.
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Oyedele, NCAA Counter Onyema's Tax Claims
Tax chief Taiwo Oyedele and the NCAA have dismissed Allen Onyema's warnings that new tax laws will cripple aviation, insisting reforms will cut airline costs. Read the full details.
NNPC Sells Stakes in Oil Assets, Bids Open
NNPC Limited invites bids for stakes in key oil and gas assets. Registration deadline is January 10, 2026. PENGASSAN confirms the strategic divestment plan.
FCMB Asset Management Gets N20bn Fund Approval
FCMB Asset Management has received SEC approval for a N20 billion Series II private debt fund. The fund targets SDG-aligned sectors like agriculture and clean energy, with issuance opening in January 2026. Read more.
Industrialist Calls on Dangote to Reduce Diesel Price
Ibadan industrialist Emmanuel Ogunnaike appeals to Aliko Dangote to lower diesel costs, citing crippling production expenses for manufacturers reliant on generators due to poor grid power.
Kebbi Secures $200m, N220bn Investments
Kebbi State attracts major investments in renewable energy and agriculture, including a $120m solar plant and a N220bn agro-hub, to boost its economy and energy transition. Read more.
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Expert: GMOs Key to Nigeria's Food Security Amid Population Boom
US-based biotechnologist Chinechendo Eze advocates for genetically modified crops in Nigeria to combat food scarcity. She explains the benefits and addresses safety concerns, urging government action.
NNPC Fully Restores Escravos-Lagos Gas Pipeline
The NNPC has successfully restored the Escravos-Lagos Pipeline System after a December explosion. Read how this swift action secures Nigeria's gas supply for power and industry.
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.
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.
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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.
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.
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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.
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.
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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.
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.
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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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