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Nigerian pays over ₦300,000 VAT on electronics as FAAC shares ₦2.3 trillion
A Nigerian man reveals he paid over ₦300,000 in VAT on electronics as FAAC distributes ₦2.3 trillion May revenue, sparking debates on tax burden and accountability.
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ETK Launches Momentum Platform for Organisational Capacity
ETK Group has globally launched Momentum, a technology-enabled platform that strengthens organisational capacity, governance, and climate resilience, with Lagos as the first rollout market.
Petrol Prices Drop Below Dangote Refinery Rate at Depots
Depot owners have slashed petrol prices below Dangote Refinery's rate due to competition and weaker global crude oil prices, with PMS now selling between N1,175 and N1,178 per litre.
Nigeria Reaffirms Commitment to Digital Land Admin System
The Federal Government has reaffirmed its commitment to digitalizing land administration with a new Centralised Land Repository and Management System to boost transparency and efficiency.
Seven Entrepreneurs Get Grants at Power Move Conference
Seven entrepreneurs received grants at the maiden Power Move Conference in Jos, Plateau State, which attracted hundreds for leadership and business growth sessions.
Emir of Kano Calls for Stronger North-South Unity
Emir of Kano Aminu Ado Bayero urges national unity at the unveiling of the Newton Jibunoh International Convention Centre in Asaba, Delta State, emphasizing collaboration between North and South.
EU Backs Local Therapeutic Food Production in Nigeria
The European Union is supporting local production of therapeutic foods in Nigeria to combat severe acute malnutrition affecting two million children, with a focus on local sourcing.
Nigeria Rejects IMF Advice on New Fuel and Telecom Taxes
The Federal Government has ruled out new taxes on fuel and telecom services following IMF recommendations, reassuring citizens that VAT waivers remain and no new levies are planned.
Oil prices drop below $80 as US-Iran peace deal signed
Oil prices fell below $80 per barrel after the US and Iran signed a peace agreement, reopening the Strait of Hormuz and easing supply concerns.
Oil prices fall as US-Iran peace deal takes effect
Oil prices drop over 2% after US and Iran sign a memorandum of understanding to end months of conflict, with a 60-day negotiation period starting Friday.
IMF Reveals Naira's True Value at N1,130/$
The IMF says the Nigerian naira remains undervalued by 25.6% and should trade around N1,130 per dollar, urging the CBN to maintain exchange rate flexibility.
Marketers Predict Fresh Drop in Petrol Prices in Nigeria
IPMAN forecasts further petrol price reductions in Nigeria as global crude oil prices decline, with new supplies expected to lower pump costs within weeks.
FG, CNG stakeholders partner on affordable energy transition
The National CNG Forum and the SGF office meet to advance President Tinubu's energy reforms, focusing on CNG and electric vehicle rollout for cheaper transport.
Dangote Plans Mega Free Trade Zone in Ondo, Promises Jobs
Aliko Dangote announces a major industrial and free trade zone in Olokola, Ondo State, featuring dedicated power, water, and logistics to attract investors and create thousands of jobs.
Success measured by lives improved not just profits
Pan-African visionary King Charles Lambert says success should be measured by lives improved, not just profits, and shares his journey of resilience and compassion.
Nigeria FreeTV Launches 100 Channels, DStv Stream Cuts Free
Nigeria launches FreeTV with over 100 free channels as DStv Stream reduces its free offering from 13 to 4 channels, highlighting growing competition in Africa's streaming market.
Nigeria Listed Among Hunger Hotspots for Acute Food Insecurity
Nigeria is among 13 hunger hotspots where acute food insecurity is expected to worsen from June to November 2026, with Borno State facing catastrophic levels.
Employers Urged to Prioritise Skills Development
Tom Cheesewright urges employers to invest in training, citing a 27% drop in spending per employee from 2011 to 2023, and emphasises the 'three Cs': curation, creativity, and communication.
FirstHoldCo Closes N45b Private Placement, Boosts FirstBank Capital
FirstHoldCo Plc completes N45 billion second tranche of N350 billion private placement, injecting funds into FirstBank to meet CBN capital requirements and strengthen balance sheet.
Regency Alliance Rights Issue to Strengthen Capital
Regency Alliance Insurance Plc signs a rights issue agreement to raise fresh capital from existing shareholders, aiming to boost capital base, enhance underwriting capacity, and support technology investments.
33% interest rate threatens $1tr GDP target, telcos warn
ATCON warns that Nigeria's 33% interest rate regime threatens telecom sustainability and the $1 trillion GDP target, urging cost-reflective termination rates.
Climate Events Hit 13 Million in Africa, Over 3,000 Dead
WMO report reveals extreme weather affected 13 million people and caused over 3,000 deaths in Africa in 2025, with floods as the most common hazard.
Air Peace Expands Domestic and Regional Network
Air Peace announces expansion with increased domestic frequencies and new regional flights to Douala, Libreville, Bamako, and Conakry, aiming to boost connectivity and trade.
NASENI boosts local diagnostic manufacturing with 600m-kit factory
NASENI reaffirms commitment to healthcare sovereignty with a factory producing 600 million diagnostic kits annually, targeting 80% of Nigeria's needs and export to Africa.
Lagride Drive-to-Own Boosts Drivers' Income and Ownership
Lagride's Drive-to-Own programme has enabled drivers to earn up to N1 million weekly, with six drivers receiving vehicles after structured repayments, boosting income and asset ownership.
Agro-Allied Stocks Gain 1,656% in Four Years
Three agro-processing stocks on NGX delivered 1,656% capital appreciation in four years, driven by earnings growth, naira depreciation, and robust dividends.
Experts Urge Ethical Recruitment for Domestic Workers
Experts call for ethical recruitment of domestic workers, highlighting abusive practices in Nigeria. They urge ratification of ILO Convention 189 and passage of the Domestic Workers Bill.
OGTAN Advocates for Increased Oil Output and Cost Reduction
OGTAN emphasizes human capacity development to boost Nigeria's oil production and reduce costs, addressing skills gaps and infrastructure challenges ahead of the 2026 HCD Conference.
CRC Credit Bureau Best in Nigeria 7th Year
CRC Credit Bureau Limited has been named Best Credit Bureau in Nigeria by Capital Finance International for the seventh consecutive year at the Professional Services Awards 2026.
NUPRC Targets 1.9mbpd Output, Cuts Emissions
NUPRC eyes 1.9mbpd crude output as NNPCL and TotalEnergies extend AUSEA technology deployment to reduce methane emissions and boost revenue.
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