N1.13 Trillion Electricity Bill Despite Poor Power Supply
Nigerians paid over N1.13 trillion for electricity in six months despite grid collapses and poor supply. NERC report reveals improved collection efficiency. Read full details.
Category : Business
FirstBank Meets CBN Capital Requirement Ahead of 2026 Deadline
First Bank of Nigeria has successfully raised its capital base to meet the Central Bank's N500 billion requirement. The funds will drive support for the real sector and enhance digital innovation. Read more.
Nigeria's First Unmanned Fuel Stations Unveiled by AA Rano
AA Rano Nigeria partners with Petrosoft to launch fully automated, 24-hour fuel stations in January 2026. The innovation promises efficiency but raises concerns over massive job losses in the retail sector. Read more.
Zamfara hands over airport security trench site
Zamfara State Government has handed over the site for a critical security trench at Gusau International Airport to the contractor. This move aims to fast-track the project and ensure aviation safety standards. #Zamfara #Infrastructure
Naira's Best Run in 10 Years as CBN Reforms Pay Off
The Nigerian naira appreciated over 7% in 2025, its strongest annual performance in a decade, driven by CBN reforms and rising external reserves now at $45.6 billion. Discover how the FX market transformation is boosting economic confidence.
Lady Laments N23k VAT on N181k Restaurant Bill
A Nigerian lady's viral TikTok video exposes a N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and hidden costs in Lagos eateries. See the full breakdown and public reaction.
141 Million Nigerians to Face Poverty by 2026 - PwC
A new PwC report projects Nigeria's poverty rate will hit 62% in 2026, affecting 141 million citizens. The Presidency has dismissed the figures. Read the full analysis.
Lady cries out over N23k VAT on N181k restaurant bill
A Nigerian lady's viral TikTok video exposes a hefty N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and business practices in 2026.
Venezuela Agrees to Send Millions of Barrels of Oil to US
President Donald Trump announces a major oil transfer deal with Venezuela's interim government. Get the full details on the agreement and its global implications.
GTBank: Sender Pays N50 Stamp Duty on Transfers
GTBank has notified customers of a key change to the N50 stamp duty on electronic transfers under the new Nigeria Tax Act 2025. Find out what transactions are exempt.
19 Banks Meet CBN Recapitalisation Target Ahead of Deadline
Nineteen Nigerian banks have met the CBN's new capital requirements, with Fidelity Bank raising N250bn. Analysts expect more compliance before the March 31, 2026 deadline. Read the full list and analysis.
Venezuela to Turn Over 30-50 Million Barrels of Oil to US
Former President Trump claims Venezuela's interim government will transfer sanctioned oil to the US, with proceeds controlled by Washington. Details on the plan and regional implications.
High Stowaway Costs Burden Shipowners in West Africa
West African ports impose heavy fines and repatriation costs on shipping companies for stowaways, with incidents costing up to $30,000 each. Nigeria's shipping association criticizes the policy as unfair.
BOI, Tolaram Partner on MSME Development Hub
Bank of Industry partners with Tolaram's Lagos Free Zone to create an MSME hub, boosting non-oil exports via Lekki Deep Sea Port. Read how this drives Nigeria's economic transformation.
Nigeria's 2026 Telecoms Boom: Fibre & Satellite Lead
Nigeria's telecom sector shifts from 2025 consolidation to aggressive 2026 expansion, driven by massive fibre optic deployment and satellite connectivity to bridge the digital divide. Will it work?
The Rise of Moonlighting in Nigerian Digital Journalism
Explore how economic precarity is forcing Nigerian journalists into moonlighting, threatening credibility and ethics. Discover the human cost and urgent need for reform in the digital age.
N15.4 Trillion Fuel Import Bill in 2024, CORAN Alarmed
CORAN warns Nigeria's heavy fuel import reliance undermines local refiners who invested billions. N15.4 trillion spent on imports in 2024. Urgent policy shift needed to support domestic refining capacity.
Nigeria's Fuel Imports Soar to 1.8mMT, Highest in 12 Months
Nigeria's reliance on imported petrol surges to 1.8 million metric tonnes as local refining falters. New regulators face pressure to fix the oil sector amid a price war. Read the full analysis.
Ecobank Nigeria Prepay $245M Eurobond Notes
Ecobank Nigeria Limited has successfully prepaid over 80% of its $300 million Eurobond, settling $245 million with bondholders ahead of the February 2026 maturity. This strategic move highlights the bank's robust liability management.
PwC: 62% of Nigerians May Be Poor by 2026
A new PwC report warns that 141 million Nigerians could be living in poverty by 2026. Learn the key factors driving this alarming projection and its implications for households.
CBN Reforms End Festive Cash Scarcity in Nigeria
The Central Bank of Nigeria's strategic reforms, led by Governor Olayemi Cardoso, have successfully eliminated cash scarcity during the 2025 festive season. Learn how new regulations and digital initiatives are transforming Nigeria's financial landscape.
NIMASA's 30-Day Grace for Vessel Compliance, Sanctions Loom
NIMASA launches 'Operation Zero Tolerance,' giving maritime operators 30 days to self-audit. Non-compliance risks vessel detention, fines, and licence withdrawal. Full details inside.
Seafarers' Wrongful Arrests Worsen Global Labour Crisis
Baseless prosecution of seafarers for drug offences is worsening the global crew shortage and undermining maritime trade. Stakeholders demand legal reforms and a shift in focus to ship owners.
Business Expansion Slows Amid Rising Costs in December
NESG report shows Nigerian businesses sustained growth for 12 months but faced a slowdown in December 2025 due to rising costs and financing constraints. Explore the sectoral breakdown and key challenges.
Monye Warns Entrepreneurs to Build Resilience Against Economic Shocks
Financial strategist Dr Chukwuka Monye warns that economic shocks are now permanent. He advises Nigerian businesses to redesign for instability, embrace risk management tools, and protect liquidity to survive.
NB Empowers 1,000 Students in Entrepreneurship Drive
Nigerian Breweries partners with FATE Foundation to empower 1,000 students in Lagos, Ogun, and Enugu through the Orange Corners Student Ambassadors Programme. Read more.
N15.4 Trillion Fuel Import Bill in 2024 - CORAN
CORAN reveals Nigeria's fuel import costs doubled to N15.4 trillion in 2024, undermining billions in local refinery investments. Urgent policy shift needed to support domestic refining capacity and retain forex.
NIMASA to leverage 2025 reforms for greater maritime impact
NIMASA outlines plans to consolidate 2025 successes, including IMO Council return and zero piracy, to advance Nigeria's Blue Economy agenda. Discover the agency's 2026 strategy.
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Pillarcraft Accredited as NRS e-Invoicing Integrator
Pillarcraft Cloud Solutions gains NRS & NITDA accreditation as a System Integrator for Nigeria's e-invoicing framework, launching UsawaConnect™ to help businesses comply seamlessly. Learn how this shapes digital tax reforms.
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