US Minimum Wage Increases for 8.3M Workers in 2026
Over 8.3 million US workers started 2026 with higher pay as 19 states and several cities raised minimum wages, injecting $5 billion into earnings. Read details.
Category : Business
Banks Begin 10% Tax on Dollar Deposits
Nigerian banks implement a 10% withholding tax on foreign currency deposit interest from Jan 1, 2026. Learn how this new tax law affects your dollar account and who is exempt.
Maritime Industry Progress Under Oyetola Lauded
House Committee Chairman Busayo Oke commends Minister Adegboyega Oyetola for transforming Nigeria's Marine and Blue Economy sector, highlighting progress and diversification as key achievements for 2026.
Otedola on Tinubu Reforms, First Bank Meets N500bn Target
Billionaire Femi Otedola commends President Tinubu's economic reforms and CBN's Cardoso, disclosing First Bank has met the N500bn capital requirement. He urges raising the bar to N1 trillion.
Influencer charged N487,500 VAT on N6.5m purchase
Social media influencer Rita 'Raye' Ushie cries out after being charged a huge 7.5% VAT on a N6.5 million purchase for her tech startup. See public reactions and why NANS plans protests.
Naira Appreciates 6.5% in 2025, Breaks 13-Year Record
The Nigerian naira appreciated 6.5% in 2025, marking its first annual gain in 13 years. Discover how CBN reforms and FX reserves growth fueled this historic turnaround.
Man Questions New Tax Policy, Sparks National Debate
A Nigerian man's viral questions about the 2026 tax reform have ignited a fierce debate on fairness, government benefits, and who should pay. Read the full story.
Elumelu's $496m Seplat Deal Set to Boost Fortune
Billionaire Tony Elumelu expands his energy empire, acquiring a 20.07% stake in Seplat Energy for $496 million. The deal makes Heirs Energies the largest shareholder and is expected to significantly increase his net worth. Read the full details.
Nigeria's 2026 Tax Brackets: Lowest & Highest Payers
Nigeria's new tax law reshapes the landscape. See who is fully exempt, who pays the lowest rate, and the high earners facing a 25% top rate. Get all the details.
Ex-Lufthansa Boss on High Airfares, Airport Chaos
Olusoji Amusan, ex-Lufthansa manager, defends seasonal airfare hikes, urges a government-backed national carrier for capacity, and demands immediate action to restore order at Nigerian airports.
Travel Agents Seek Clarification on Airline Charges
NANTA urges the Federal Government to deconstruct 18 alleged airline taxes. Experts debate the true impact on ticket prices. Read for a breakdown of the aviation tax crisis.
FirstBank Completes N500bn Capital Raise, Otedola Praises Reforms
FirstBank meets CBN's N500bn capital requirement. Billionaire investor Femi Otedola commends Tinubu and Cardoso's economic leadership, calls for raising bank capital to N1 trillion for a $1 trillion economy.
Traders Lament High Costs at Calabar Festival Village
Vendors at the 20th Calabar Christmas Festival Village report poor sales and tripled stall rents. Traders with 15+ years experience call for government intervention to review fees and improve coordination. #CalabarCarnival #Business
NGX Soars 51% in 2025, What's Next for 2026?
The Nigerian stock market closed 2025 with a historic 51.19% return. Explore the drivers, sector performances, and a cautiously optimistic outlook for 2026. Read our analysis now.
Farmers Chart Path to Agric Success in 2026
Nigerian farmers outline critical demands for 2026: land titles, modern tech, processing facilities & good roads to boost food security and slash inflation. Read their full agenda.
Man Exposes Bank Tax Deduction Error in Viral Tweet
A Nigerian man's viral tweet exposes a puzzling N73.05 tax deduction by GTBank, sparking widespread debate on the new tax reforms and bank transparency. See the full story and reactions.
Nigerian Lawyer Femi Gbede Wins Global Leader Award
Investment lawyer Femi Gbede receives the Emerging Global Leader Award at the Global Entrepreneurship Festival in Accra. Discover his vision for legal leadership and global impact.
4 Groups Exempt from Tax in Nigeria's 2026 Reform
Nigeria's new tax law effective Jan 1, 2026, exempts minimum wage earners, low-income citizens & more. Discover the four categories benefiting from the fiscal reforms.
Naira Appreciates by Over N100 Against US Dollar in 2025
The Nigerian naira closed 2025 stronger, appreciating by over N100 against the US dollar. The Central Bank of Nigeria credits rising external reserves and policy reforms for the currency's improved stability. Discover the full market analysis and 2026 pro
Top 4 Nigerian Billionaires Start 2026 with $43bn Fortune
Aliko Dangote and Nigeria's wealthiest men begin 2026 with a combined $43 billion net worth. See the full breakdown of their fortunes and global rankings here.
Youth Leaders Hail Court Ruling on New Tax Law
Nigerian ethnic youth leaders celebrate a court ruling allowing the new tax law to proceed, calling it a victory for national economic interest and fairness. Read more.
Arewa Youths Back New Tax System, Call for Patience
Arewa youths support the court's decision for Nigeria's new tax regime to start Jan 1, 2026, calling it vital for economic reform. They urge citizens to be patient for long-term gains.
CBN Reports Fastest-Growing Subsectors in 2025
Nigeria's economic recovery gained momentum in December 2025 with 32 out of 36 subsectors expanding, according to the CBN's PMI. The transportation equipment sector led growth. Discover the full economic outlook for 2026.
Man Cries Out Over N50 Tax on N10k Transfer in 2026
A Nigerian man raises alarm after N50 was deducted for a N10,000 transfer, signaling the start of new 2026 tax laws. Get the full story and public reactions here.
New ₦50 Stamp Duty Shifts to Senders from January 2026
OPay, PalmPay, Moniepoint, and major banks notify Nigerians of a key tax change. From January 1, 2026, senders will pay a ₦50 stamp duty on transfers of ₦10,000 and above. Learn the details and exemptions.
Man Cries Out Over N30k Tax Deduction from Salary
Edidiong Johnson expresses shock after discovering a N30,842 PAYE tax deduction on his November 2025 payslip, sparking debate on Nigeria's new Tax Act 2025 ahead of its 2026 implementation.
FG Unveils New Nigeria Revenue Service (NRS) Identity
Nigeria's Federal Inland Revenue Service (FIRS) has officially transformed into the Nigeria Revenue Service (NRS). Discover the new logo, public reactions, and what this means for taxpayers.
Banks Announce New N50 Stamp Duty on Electronic Transfers
Nigerian banks have notified customers of a new N50 stamp duty on electronic transfers of N10,000 and above, effective January 1, 2026. The charge is payable by the sender. Learn the details and exemptions.
NNPC remits N12.1trn, reports N502bn profit in 2025
NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.
NANS to Protest New Tax Laws on January 14
Nigerian students plan nationwide protests on January 14, 2026, against new tax laws. The action follows court rulings and unresolved discrepancies in the gazetted legislation.
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