Dogara: Nigeria on Right Track Despite Challenges
Former House Speaker Yakubu Dogara defends President Tinubu's economic reforms, acknowledging public hardship but insisting Nigeria is making progress.
Category : Business
US Snowstorm: 10,000 Flights Cancelled, 5 Dead in NYC
A deadly winter storm sweeping across the United States has resulted in five fatalities in New York City and forced the cancellation of approximately 10,000 flights nationwide, with millions under weather alerts and widespread power outages reported.
Lagos LIRS to Recover Taxes via Banks, Employers, Others
Lagos State Internal Revenue Service announces enforcement of tax recovery through third parties including banks, employers, and tenants under new tax law provisions.
Best Agriculture Careers in Nigeria: Courses & Opportunities
Discover the most promising agricultural career paths in Nigeria, including agribusiness management, agricultural engineering, and veterinary medicine. Learn which university courses to select for high-demand roles that drive economic growth and innovatio
Trippie App: Shark Tank Rejection to $3.5M Valuation
Trippie airport navigation app was rejected on Shark Tank but grew to cover 120 airports worldwide with $3 million revenue and $3.5 million valuation by 2025.
Nigerian Sisters' Food Business Faces Poor Sales
Two Nigerian sisters who launched a food business together are lamenting poor sales despite significant financial investment, highlighting entrepreneurial challenges.
NGX Ends Week Lower as Market Capitalisation Declines
The Nigerian equities market concluded the trading week on a bearish note, with the All-Share Index and market capitalisation both recording declines. While Financial Services dominated activity, select sectors like Oil & Gas posted gains amid overall mar
LIRS to Use Banks, Family to Collect Unpaid Taxes
Lagos State Internal Revenue Service will enforce the Nigeria Tax Administration Act 2025, using third parties like banks, employers, and family members to recover tax debts from defaulters.
Naira Slides Despite $46bn Reserves Amid Global Tensions
Nigeria's naira depreciated against the US dollar despite external reserves nearing $46 billion, with analysts citing global trade tensions and investor caution as key pressures.
Petrol, Diesel Prices Rise as Dangote Refinery Faces Challenges
Private depot owners have adjusted petrol and diesel prices across Nigeria, with increases reported in Lagos, Warri, Port Harcourt, and Calabar. This comes as the Dangote refinery faces operational issues, delaying full production capacity.
Dangote Refinery to Shut Down Crude Unit for One Week
Nigeria's Dangote Refinery will temporarily shut down its crude oil distillation unit for operational fine-tuning amid reduced crude deliveries, with regulators assuring minimal fuel supply impact.
Nigeria Hosts Hajj-Umrah Expo 2026 in Abuja
Nigeria announces plans to host the Hajj-Umrah Nigeria Expo 2026 in Abuja from January 28-30, focusing on pilgrim welfare, sector coordination, and investment opportunities.
Rewane: Naira 11% Undervalued, Fair Rate N1,256.79/$
Nigerian economist Bismarck Rewane states the naira is undervalued by 11% based on PPP, with a fair exchange rate of N1,256.79/$. He shared insights at an ACTN event, highlighting economic factors and treasury strategies.
DisCos Fail to Deliver Promised Electricity Hours Despite Higher Tariffs
Nigerians across major cities accuse electricity distribution companies of failing to meet minimum supply hours mandated by NERC, with customers on higher tariff bands receiving far less electricity than promised.
BUA Cement Signs $240m Deal with Chinese Firm for Sokoto Expansion
BUA Cement has signed a $240 million agreement with Chinese engineering company CBMI to construct a new cement production line at its Sokoto plant, adding 3 million metric tons to annual capacity and strengthening regional supply in Northern Nigeria.
Asian Countries Offer E-Visas to Nigerian Travelers
Multiple Asian countries now provide electronic visa options for Nigerian passport holders, streamlining travel applications and reducing embassy visits. Key destinations include South Korea, Singapore, Malaysia, Thailand, Philippines, Hong Kong, and Indo
Dangote Refinery Petrol Production Hit by RFCC Snag
Dangote Petroleum Refinery faces ongoing technical challenges with its Residual Fluid Catalytic Cracker unit, delaying full gasoline production stabilization until mid-2026 and maintaining reliance on imports.
PAYE Deadline: 12 Key Tax Rules for Nigerian Employers
As Nigeria's annual PAYE filing deadline approaches, employers must understand new tax laws, electronic filing requirements, penalties for non-compliance, and LIRS support services to avoid fines.
FG Launches $25M Cabotage Fund Portal for Shipowners
The Federal Government has launched a digital portal for the Cabotage Vessel Financing Fund, enabling Nigerian shipowners to apply for up to $25 million in financing to boost indigenous maritime capacity.
Nigerian Lady's Salary Sparks Tax Law Debate
A Nigerian lady's social media post about her January salary and reduced tax deductions under the new tax law has ignited widespread online discussion and mixed reactions.
Bank Customer Complaints Surge 143%, Electronic Fraud Tops List
CBN resolves 9,771 complaints in H1 2025 as electronic transaction issues and fraud cases dominate customer grievances. Total claims reach N21.42 billion with N7.17 billion refunded.
Reps: Tax Reform Controversy Resolved with CTC Release
The House of Representatives insists the tax reform controversy is over after releasing Certified True Copies, dismissing Minority Caucus claims of alterations in the legislation.
Keystone Bank Relocates Ikoyi Branch to Modern Facility
Keystone Bank has relocated its Awolowo Road branch in Ikoyi to a state-of-the-art facility at 1 Keffi/Manuwa Street, Lagos, as part of its strategy to improve customer service and operational efficiency.
FG Bans Meter Charges, Warns DisCos of Prosecution
The Federal Government has directed electricity distribution companies and meter installers to provide smart meters to consumers free of charge, with officials demanding payments facing prosecution.
LivingTrust Mortgage Bank Posts N1.01b Profit for 2025
LivingTrust Mortgage Bank Plc announces a profit after tax of N1.01 billion for 2025, an 18.3% increase from 2024, with significant growth in assets, loans, and deposits.
NYSC, SMEDAN Deepen Youth Empowerment Partnership
The National Youth Service Corps and SMEDAN reaffirm collaboration to enhance entrepreneurship training and funding access for Corps members nationwide.
Sachet Alcohol Ban Rushed, Harmful to Economy - CSO
Concerned Citizens for Change criticizes NAFDAC's sachet alcohol ban as rushed and economically damaging, calling for stakeholder consultation and policy implementation.
Nigeria's Power Grid Collapses, Causes Nationwide Blackout
Nigeria's electricity grid collapsed on Friday afternoon, causing a nationwide blackout as power generation dropped to zero megawatts across all distribution companies.
NEDC Flags Off Road, Bridge Construction in Yobe
The North East Development Commission has initiated construction of a 2.5km road and two bridges in Potiskum, Yobe State, aimed at enhancing connectivity and economic growth in post-insurgency recovery efforts.
KEDCO Suspends Strike After N170m Payment, N174m Bonus Pledged
Kano Electricity Distribution Company (KEDCO) has suspended its workers' strike after paying N170 million in arrears and committing to settle N174 million in 2025 bonus payments during February 2026 salary cycle.
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