Gambia Bank Localisation Policy Draws Criticism From Analysts
Analysts criticise The Gambia's plan to replace foreign bank workers, including Nigerians, warning of cost increases, disruptions, and skilled labour shortages.
Category : Business
FG Cuts Late Tax Interest Rate Effective October 1, 2026
From October 1, 2026, Nigeria cuts late tax interest to CBN MPR plus 1%, down from MPR plus 5%, with a floor at the 364-day Treasury Bill yield.
FG Sets New Market-Linked Interest Rates for Unpaid Taxes
Nigeria will apply market-linked interest rates to unpaid taxes from October 1, 2026, under a new order signed by Finance Minister Taiwo Oyedele, replacing the previous fixed rate.
TIME Names Moniepoint CTO Felix Ike Among Top 50 Global Tech Executives
TIME magazine has named Felix Ike, co-founder and CTO of Nigerian fintech Moniepoint, to its inaugural Executives of the Year: Tech and Data list, making him the only African company executive among the 50 honorees.
Rewane: Naira to Depreciate After CBN 23% Rate Cut, But Less Than Feared
Economist Bismarck Rewane says the naira will depreciate after CBN's 23% rate cut, but not as much as feared due to fair value and positive real interest rate.
NZ Visitor, Transit Visa Applications Go Online From Oct 1
From October 1, 2026, New Zealand will stop accepting paper applications for selected visitor and transit visas, requiring applicants to use the enhanced Immigration Online system instead.
Nigeria's Petrol Imports Drop to 14.6m Litres Daily as Dangote Supply Rises
Nigeria's petrol imports fell to 14.6 million litres daily in August 2026, down from 19.7 million in July, as Dangote Refinery supplied 35.87 million litres daily, per NMDPRA data.
Gambia Orders Banks to Dismiss Non-Indigenes by December
The Central Bank of The Gambia has directed commercial banks, including Nigerian-owned lenders, to phase out non-Gambian employees outside approved expatriate quotas by December, citing labour law violations.
Pressdia: Nigeria's Best Affordable Press Release Distribution
Pressdia is the best affordable press release distribution service in Nigeria, offering access to 250+ African media sites, fast placement, and transparent pricing without retainers.
Naira Drops to N1,328.50 Despite CBN Rate Cut
Naira depreciated to N1,328.50 per dollar at the official market despite CBN rate cut, while external reserves rose to $54.808 billion and Brent crude climbed above $102.
NNPC New Petrol Prices: Dangote Cut Sparks Nationwide Update
NNPC has published revised petrol pump prices nationwide after Dangote Refinery reduced its ex-gantry price by N25 per litre. Lagos now sells at N1,385, Abuja at N1,430, and Yobe records the highest at N1,456 per litre.
CBN Rate Cut to 23%: Impact on FG, Businesses, Nigerians
CBN slashes MPR to 23%, easing FG debt burden and business loans. CPPE warns of FX risks and slow transmission.
Sterling Bank Refunds N50 Stamp Duty After Legal Demand
Sterling Bank refunded N50 stamp duty to customer Abdulrauf Adedeji Kazeem within a day of a legal letter from Festus Ogun, citing banker/customer contract terms.
How to Recover Unclaimed Dividends in Nigeria in 3 Easy Steps
Learn the 3-step process to reclaim unclaimed dividends in Nigeria via SEC's e-DMMS portal, including verification and estate requirements.
Top 10 Executives Running Dangote's $100bn Empire
Dangote Group has assembled a leadership team of seasoned executives and family members to drive its ambition of becoming a $100 billion enterprise by 2030. Here are the ten prominent figures overseeing cement, refinery, fertiliser, sugar, logistics, and
OPay's Social Impact: Education, Skills, and Opportunities
OPay invests ₦1.2 billion in scholarships, skills training, and women's empowerment, impacting over 15,300 Nigerians through education and opportunity programs.
NIRSAL Guarantees Over N100bn in Agricultural Loans
NIRSAL's Credit Risk Guarantee scheme backed over N100bn in agricultural loans in 2025, with 2026 guarantees already surpassing that total, as non-interest lenders dominate.
Dangote's $20bn Kenya Refinery Groundbreaking Set for Sept 30
Dangote Group's 700,000-barrel-per-day Lamu refinery in Kenya, backed by up to $20 billion, will break ground on September 30, 2026, with President Ruto leading the ceremony.
Cooking Gas Price Hits ₦1,900/kg as Marketers Explain Rise
Cooking gas prices in Lagos have risen to ₦1,900 per kilogramme in some areas, with supply shortages, dollar pressures, and infrastructure gaps driving the increase, according to market surveys and industry officials.
NGX Hits All-Time High as Investors Gain N374bn
The NGX All-Share Index closed at a record 251,191.02 points on Wednesday, September 23, as market capitalisation rose by N374bn to N163.06tn, driven by gains across banking, insurance, consumer goods, and oil & gas sectors.
NGX Launches WhatsApp Channel for Public Offer Subscriptions
NGX Group integrates WhatsApp into NGX Invest, enabling investors to subscribe to public offers by sending 'Invest' to +234 812 731 9521, with stockbroker selection still required.
Ukrainian Bookshelf Opens at AUST Abuja to Boost Cultural Ties
Ukraine’s Embassy and AUST launched the Ukrainian Bookshelf in Abuja on September 23, 2026, donating English books on Ukrainian history and culture to the university library.
EU's Free Schengen Visa Calculator: Key Facts for Nigerian Travelers
The European Commission's free Schengen visa calculator helps travelers track remaining days under the 90/180-day rule. Learn how to use it and avoid overstaying penalties.
France Launches Digital Upload for Student Visa Applicants
France now lets long-stay student visa applicants upload supporting documents digitally when filing online, but only in countries with outsourced online visa processing.
Egypt Leads Africa's IMF Debtors with $10.76bn in Sept 2026
Egypt remains Africa's largest IMF debtor with SDR 7.86bn ($10.76bn) outstanding as of Sept 15, 2026. The top 10 African countries collectively owe $39.17bn, according to latest IMF data.
Finland Lists 5 Foreign Family Members Residents Can Sponsor
Finland's Immigration Service outlines five categories of foreign relatives eligible for family-based residence permits, with strict criteria including cohabitation requirements and exclusions for extended family.
US Lists 8 Conditions for Bachelor's Degree Green Card
USCIS has published eight conditions foreign professionals with bachelor's degrees must meet to obtain a Green Card through EB-3, including filing Form I-485 and having an immigrant visa immediately available.
Petrol Depot Prices Cut by N24 as Marketers Rival Dangote
Petrol depot prices drop by up to N24 per litre in Lagos as marketers compete with Dangote Refinery, while diesel falls by N50, offering potential relief at the pump.
5 Fuel-Efficient Tokunbo Cars Under ₦10 Million in Nigeria
Nigerians can buy fuel-efficient Tokunbo cars from Toyota, Honda, and Hyundai for under ₦10 million. Toyota Prius, Yaris, Honda Fit, Civic, and Hyundai Accent offer varying fuel savings, but buyers must verify documentation and hybrid battery health befor
Dangote to Help 2 Million Women Buy Refinery Shares
Aliko Dangote announced a plan to help up to 2 million vulnerable Nigerian women acquire Dangote Refinery IPO shares, partnering with state governments to identify beneficiaries and donate additional shares.
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