7 Nigerian Banks Pay N674bn Tax in 6 Months
Seven major Nigerian banks paid N674.68 billion in taxes during H1 2025, a 14.69% increase. Ecobank and GTCO emerged as top contributors. Discover the breakdown and what it means for Nigeria's economy.
Category : Business
UPS grounds MD-11 fleet after fatal Kentucky crash
UPS halts all MD-11 cargo flights following a deadly crash in Louisville. The incident, which killed 14, prompts a major safety review. Read the full details.
Dangote Refinery Slashes Petrol Price to ₦828 per Litre
Dangote Refinery reduces petrol depot price to ₦828 per litre, offering relief to Nigerians despite rising global crude costs. Diesel prices remain high at ₦950.
Renewable Energy: Nigeria's New Oil - Expert
Patrick Ilo declares renewable energy as Nigeria's new oil with better returns than petroleum. Gennex Technologies has trained 1,500 engineers and plans lithium battery production. Join the clean energy revolution today!
Traxis Magazine Boosts Indigenous Nigerian Entrepreneurs
Ijeoma Okonkwo's Traxis Magazine empowers Nigerian entrepreneurs by showcasing indigenous brands globally. Discover how women lead innovation and economic growth.
COWAN Empowers Women Entrepreneurs in National Summit
Country Women Association of Nigeria launches inaugural National Entrepreneurship Summit to empower women entrepreneurs across 774 local councils. Join the movement driving national development.
AWIEF 2025 Empowers Women Entrepreneurs in Africa
African women entrepreneurs gained inspiration and practical skills at the 11th Africa Women Innovation and Entrepreneurship Forum in Cape Town. Discover how this event is breaking barriers for women in business across the continent.
COP30 Nations Propose Luxury Flight Tax on Elite
France, Spain and Kenya lead coalition at COP30 summit pushing for new taxes on business class, first class and private jets to make wealthy pay fair share for climate impact. Read more.
CBN Cuts Customs Rate to N1,421/$
The Central Bank of Nigeria has reduced the customs exchange rate to N1,421.23/$, lowering import costs. This reflects the Naira's ongoing appreciation in the forex markets.
Nigeria Approves Major Digital Trade & IP Reforms
Nigeria's FEC approves four groundbreaking policies to strengthen intellectual property protection, digital trade, and service exports, positioning the country as Africa's innovation hub.
Kola Karim's Taikun Mindset at 57: Visionary Leadership
At 57, Alhaji Kola Karim embodies the Taikun Mindset - fusing business success with social impact. Discover how this Nigerian tycoon reshapes industries through sustainable leadership.
Tinubu: Nigeria secures $5bn foreign investments
President Tinubu reveals Nigeria attracted $5bn in manufacturing, fintech and energy investments. PEBEC reforms streamline business registration and port operations.
Taraba Governor Sets Up 23-Member Sugar Committee
Taraba State Governor Agbu Kefas establishes a 23-member committee to boost sugar development, create jobs, and drive industrial growth. Get the latest details on this agricultural initiative.
Air Peace Receives First Dry Lease Aircraft in 10 Years
Nigeria celebrates historic delivery of first dry lease aircraft through Air Peace after 10-year blacklist. Minister Keyamo hails new era for aviation sector with cheaper aircraft acquisition.
15% Fuel Import Tariff May Push Petrol to N1,000/L
MEMAN warns new 15% import tariff could push petrol prices to N1,028 per litre, worsening inflation. Experts urge refinery revival as solution to energy crisis.
Norway's $2.1T Fund: Ukraine Rescue Plan?
Norway, enriched by war, faces calls to use its $2.1 trillion sovereign fund to guarantee a massive €140B loan for Ukraine. Discover the moral and economic debate.
Greece Signs Historic ExxonMobil Energy Deal
Greece hails historic ExxonMobil offshore drilling deal to boost Europe's energy security, while environmental groups warn of risks to marine life. Discover the details.
AEDC Confirms Restructuring to Boost Service Delivery
Abuja Electricity Distribution Company announces company-wide restructuring affecting 800 employees. Learn how this move aims to improve power supply across FCT, Niger, Kogi, and Nasarawa.
FG Flags Off Renewed Hope Homeownership Drive
Federal Government launches nationwide Renewed Hope Homeownership campaign to bridge housing gap, connect citizens with affordable housing opportunities and state governments.
NDIC, BRIPAN Strengthen Insolvency Reform Partnership
NDIC and BRIPAN strengthen collaboration to enforce insolvency laws and boost financial stability. Learn how this partnership will modernize business rescue in Nigeria.
Nigeria at COP30: Restore Nature, Deliver Climate Justice
At COP30, Nigeria's VP Shettima demands a new global climate deal recognizing nature as critical infrastructure. He urges wealthy nations to pay ecological debts and support Nigeria's $3B annual climate fund.
China lifts ban on Brazilian poultry imports
Brazil, the world's top chicken exporter, celebrates China's decision to resume poultry imports after a bird flu suspension. Learn how this impacts global trade and food security.
Nigeria's reserves to hit $45bn after Eurobond success
Nigeria's foreign reserves are projected to reach $45 billion by December 2025 following a massively oversubscribed $2.3 billion Eurobond issuance, boosting the naira's performance.
Nexperia chip exports resume for German auto supplier
A German auto supplier, Aumovio, has secured a license to resume exports of critical Nexperia chips from China, signaling a de-escalation in a trade dispute. Read the full details.
FG's Big Plans for Detty December 2025
Federal Government announces Presidential Task Force and Tourism Zones to transform Nigeria's festive season. Discover how this will boost tourism and creative economy.
Nigeria's Foreign Reserves Reach $43.3B Peak
Nigeria's external reserves surge to $43.3 billion, highest since 2018, as naira appreciates to N1,436.74/$1. Discover how this strengthens Nigeria's economic position.
Nigeria Plans 3.6km World Record Dining Table in Abuja
Nigeria's Federal Government will attempt a Guinness World Record with a 3.6km dining table in Abuja on December 6, 2025. The event aims to boost tourism and celebrate Nigerian culinary heritage.
Serbia fast-tracks army HQ demolition for Trump hotel
Serbia's parliament approves urgent demolition of bombed military headquarters for Jared Kushner's luxury hotel project, sparking public division and heritage concerns.
Naira Makes Africa's Top 10 Best-Performing Currencies
Nigeria's naira appreciated 3.4% in October 2025, ranking among Africa's 10 best-performing currencies. Discover the factors behind this impressive recovery and the full list of top currencies.
Woman Finds Money in Unopened OPay Account
A Nigerian businesswoman shares her surprise after receiving money through OPay to a phone number without an existing account. Discover how fintech innovations are changing banking in Nigeria.
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