Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Category : Search result: Mann Act
DMO to States: Comply with Fiscal Responsibility Act on Loans
The Debt Management Office has urged state governments to strictly adhere to the Fiscal Responsibility Act when borrowing. DMO DG Patience Oniha says compliance is non-negotiable for sustainable public finance. Read more.
Fidelity Bank to Restrict Accounts Without TIN/NIN in 2026
Fidelity Bank will restrict transactions for accounts not linked to a Tax ID or National Identity Number from January 1, 2026. Learn how to update your details to avoid service disruptions.
CSOs Defend NMDPRA Against Dangote's Allegations
A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.
Federation Account Hits N23trn in 10 Months
Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.
Reps Panel Pushes for Fuel Supply Sufficiency, Downstream Efficiency
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
PEBEC 2025 Report: Best and Worst Performing MDAs Revealed
PEBEC's 2025 report exposes a sharp divide in government agency performance. NCDMB leads, while ARCON scores a dismal 3%. Discover which MDAs are driving or hindering Nigeria's business environment.
MTEF 2026-2028 Signals Fiscal Realism, CPPE Says
The CPPE hails Nigeria's new MTEF-FSP for budget credibility but experts warn late approval undermines scrutiny. Key figures: $64.85 oil benchmark, N1,512/$ exchange rate. Read the full analysis.
EU fines Elon Musk's X €120m for DSA rule breaches
The European Union has imposed a €120 million fine on Elon Musk's X for violating the Digital Services Act over deceptive blue checks and ad transparency. Read the full story on the clash between Brussels and Washington.
EU fines X €120M over DSA violations, risks US clash
The European Union imposes a €120 million fine on X for breaching digital transparency rules, testing its resolve against Big Tech and risking tensions with the Trump administration. Read more.
Nigeria Must End Reliance on Foreign Health Aid - Presidency
Presidential adviser Dr. Salma Anas warns Nigeria's health system is vulnerable due to over-reliance on foreign grants and high out-of-pocket payments. The government is pushing for Domestic Resource Mobilisation to achieve Universal Health Coverage.
Supreme Court Justice: Forensic Practice is Pillar of Justice
Justice Abraham Moore Adumein highlights forensic science as central to justice. CIFCFIN marks anniversary, trains 5,000 professionals, and calls for FOI Act review to fight digital crime.
Pharmacists Oppose Creation of New Health Commissions
The Association of Community Pharmacists of Nigeria cautions the National Assembly against creating new health bodies, calling proposals legally unnecessary and wasteful.
Lagos Tops 2025 Nigeria Business Environment Rankings
PEBEC's 2025 reports reveal Lagos, Kaduna, and Oyo as Nigeria's top states for business. Discover key reforms and federal agency rankings driving investment climate improvements nationwide.
FIRS Explains 4% Levy, Says It's Not an Additional Tax
The FIRS clarifies that Nigeria's new 4% development levy consolidates existing charges, aims to simplify compliance, and boost investment. Learn how the tax reforms affect businesses and FTZs.
FG Orders MDAs to Comply with 5% PWD Employment Quota
The Federal Government mandates full compliance with the 5% employment quota for Persons with Disabilities. SGF Akume declares the transition period over and warns against excuses.
US Bill Threatens Dual Citizenship for Nigerians Abroad
US Senator Bernie Moreno's Exclusive Citizenship Act of 2025 could force Nigerians with dual citizenship to choose. Learn the details and potential impact on the diaspora.
Ireland Probes TikTok, LinkedIn Over EU Content Rules
Irish regulator investigates TikTok and LinkedIn for potential breaches of EU Digital Services Act. Platforms accused of poor illegal content reporting systems. Read the full details.
Sowore Arraigned Over Alleged Cybercrime Offences
Omoyele Sowore faces court over posts calling President Tinubu a criminal. Judge grants bail with strict conditions. Read the full details of this high-profile case.
Sowore Arraigned Over Alleged Cybercrime Offences
Omoyele Sowore faces court over posts calling Tinubu a criminal. Judge grants bail with strict gag order. Read the full details of this high-profile case.
SEC to Freeze Accounts of Ponzi Scheme Promoters
Nigeria's SEC vows to freeze accounts and seal offices of Ponzi promoters, warning of N316bn losses. Learn how to spot and avoid illegal investment scams.
Labour, NECA reject proposed NSITF Act amendments
Organised Labour and NECA have opposed the NSITF Act amendment bill, calling it inconsistent with ILO standards. They demand tripartite consultation and warn of risks to the fund's sustainability.
SEC Nigeria's Reforms Fuel Historic Market Growth
The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.
New Tax Law 2025: What Nigerian Workers Must Know
Nigeria's comprehensive Tax Act 2025 takes effect Jan 1, 2026. This guide explains new rates, deductions, and how to calculate your tax as a salary earner or freelancer.
New Tax Regime May Trigger Capital Flight - Expert
Dele Kelvin Oye warns Nigeria's 2025 Tax Act with 200% CGT hike could derail investments. Discover the risks and proposed policy solutions to safeguard Nigeria's economy.
Stakeholders Demand Land Use Act Review for Housing
Nigeria's housing stakeholders call for urgent Land Use Act reforms to unlock $300B in dead capital and boost affordable housing. Minister Dangiwa reveals new digital land registry initiative.
NOA to Drive Public Tax Law Education Before 2026
National Orientation Agency partners with tax committee to educate Nigerians about new Tax Act benefits starting January 2026. Learn how this affects you and combat misinformation.
Watchdog Defends PIA Implementation Against ₦1 Trillion Claim
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
$2bn Power Investments Flow into Nigeria After Reforms
Nigeria attracts over $2 billion in energy investments due to Electricity Act 2023 reforms. Minister Adelabu reveals decentralized power market driving investor confidence nationwide.
FCTA Enforces 1,095 Abuja Property Title Revocations
The FCT Administration has begun enforcement on 1,095 revoked property titles in highbrow Abuja districts. Owners failed to settle ground rent and other statutory payments despite repeated notices.
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