Faith Leaders Call for Ethical Business Revolution in Nigeria
At MRIC 2026, scholars and CEOs urged integrating faith-based ethics into Nigeria's economy, proposing a Federal Ministry of Religious Affairs to oversee ethical commerce.
Category : Business
ICSAN Marks 60 Years of Shaping Corporate Governance
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) unveils plans for its 60th anniversary, focusing on deepening governance dialogue and policy influence. Read about their vision for Nigeria's future.
Lagos LIRS: Jan 31 Deadline for Employer Tax Returns
Lagos State Internal Revenue Service (LIRS) has restated the January 31, 2026, deadline for employers to file their 2025 yearly tax returns. Non-compliance risks penalties under the new NTAA law.
N2bn Budgeted Again for NCAT Decentralisation
The Federal Government has earmarked N2 billion in the 2026 appropriation bill to establish NCAT annexes in five zones, despite strong opposition from aviation experts who warn it threatens the college's excellence.
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African Airlines Record 11.2% Passenger Growth in November
IATA data reveals African airlines outperformed the global average with 11.2% passenger growth in November 2025. Discover the key figures and what this means for the continent's aviation sector.
Kaduna Mega Poultry Project to Create 350,000 Jobs
Kaduna State's $200 million Mega Poultry Project is set to generate $450 million in annual revenue and over 350,000 jobs, boosting food security and agribusiness. Read more on this transformative initiative.
Dalu Ajene Named Standard Chartered Africa CEO
Standard Chartered has promoted Dalu Ajene to CEO for Africa. He led the Nigerian unit to meet CBN's N200bn recapitalisation early. Read his vision for the continent.
Nigeria Spends N1.7 Trillion on Petrol in December 2025
Nigeria's petrol consumption soared to 63.7 million litres daily in December 2025, costing the nation an estimated N1.7 trillion. Dangote Refinery ramps up supply as imports remain dominant. Read the full analysis.
7.5% VAT on Mobile, POS Fees Starts Jan 19
Nigerian banks will begin deducting a 7.5% Value Added Tax on fees for mobile transfers, POS, and other services from January 19, 2026. Learn what this means for your transactions.
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NASA Evacuates Astronauts from ISS Over Medical Issue
NASA has safely returned four astronauts to Earth from the International Space Station due to undisclosed medical concerns. This marks the first medical evacuation in the ISS's 25-year history. Read the full story for details.
Energy Think Tank Expresses Confidence in New NUPRC Boss
The Centre for Energy Reforms says Oritsemeyiwa Eyesan's appointment as NUPRC CEO can strengthen regulation and rebuild investor confidence in Nigeria's upstream oil sector. Read more.
EKEDC appoints Peters Chairman, Joseph-Condotti Interim CEO
Eko Electricity Distribution Company (EKEDC) has announced a major leadership change following a board takeover. Engr. Dr Olubunmi Peters is the new Chairman, while Wola Joseph-Condotti takes over as interim CEO. Read the full details.
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Golden Penny Rewards 10,000+ Nigerians in ₦4B Anniversary Promo
Golden Penny Foods concludes its massive 65th-anniversary 'Buy & Win' promo, rewarding over 10,000 Nigerians with prizes worth ₦4 billion, including cars and kitchen makeovers. Read about the winners and the brand's celebration.
Bauchi Mobilises Experts Against Bush Burning
Bauchi State forms a climate assembly with experts to fight bush burning and deforestation, aiming to protect agriculture and public health. Learn about the new strategies.
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Nigeria's Import Index Rises 0.16% in Q3 2025
Nigeria's import price index increased by 0.16% in Q3 2025, driven by higher costs for building materials and footwear. The NBS report reveals a slight decline in the terms of trade. Read the full analysis.
Shettima Presides Over NEC Meeting on Ranching Reforms
Vice President Kashim Shettima leads the National Economic Council meeting to advance President Tinubu's livestock and ranching transformation agenda. Read the latest details.
Ogun Expands Poultry Production with 1.3m Birds Facility
Ogun State acquires a major poultry processing facility, adding 1.3 million birds annually to boost food security and attract investment. Read more on this agricultural milestone.
Ijeoma Orji Appointed ABC Regional Lead for Nigeria
The Atlanta Black Chambers appoints Ijeoma Orji as its Nigeria Regional Lead to boost trade and investment links between Nigerian businesses and the global Black diaspora.
Nigeria's Inflation Rises to 15.15% in December
Nigeria's headline inflation increased to 15.15% in December 2025, a reversal after eight months of decline. The NBS attributes the rise to a statistical 'base effect' from CPI rebasing.
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Olubadan Sets Up Committee to Fight Land Grabbers
Oba Rashidi Ladoja inaugurates a high-powered legal committee to tackle land grabbing in Ibadan. The monarch warns perpetrators of severe consequences. Read more.
Stock Market Records First 2026 Loss, N457bn Gone
The Nigerian stock market closed in the red for the first time in 2026, with investors losing over N457 billion. Get the full details on the top gainers, decliners, and market analysis here.
Air Peace Apologises for Recent Flight Delays
Air Peace has issued an apology to passengers for recent flight disruptions, citing harmattan weather and safety compliance. The airline recorded the highest delay rate in Q3 2025.
NESG Projects Naira at N1,480 to Dollar by 2026
The Nigerian Economic Summit Group forecasts the naira will stabilise around N1,480 per US dollar in 2026, driven by rising reserves and policy coordination. Discover the full economic outlook.
Nigerian Man Explains New 7.5% VAT on Bank Transfers
A Nigerian man clarifies how the new 7.5% VAT on mobile transfers, USSD, and POS works. Learn how it impacts service fees and what it means for your daily transactions.
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NRS: VAT on Banking Fees Isn't New - Full Details
The Nigeria Revenue Service clarifies misconceptions about VAT on banking services, stating it's not a new tax. Learn what changed and what remains exempt.
FG Warns Oil Firms, May Revoke Undeveloped Blocks
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
LIRS Deadline: File Annual Tax Returns by Jan 31
Lagos State Internal Revenue Service (LIRS) has reminded all employers to file their 2025 annual tax returns by January 31, 2026, via the eTax portal to avoid penalties under the new NTAA law.
New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
Lebara Nigeria Opens Agent Registration Portal Nationwide
Lebara Nigeria has launched a digital Agent Registration Portal to onboard PoS agents and distributors ahead of its 2026 commercial launch. The portal promises a 30-minute onboarding process.
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NRS: Banks Pay VAT on Transfer Fees, Not Customers
The Nigerian Revenue Service clarifies that the 7.5% VAT applies to bank service charges, not transaction values. Implementation begins January 19, 2026. Read the full details.
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