Tax Reform: Key to Nigeria's Economic Growth and Diversification
A Nigerian tax expert highlights how comprehensive tax reforms can reduce oil dependence, attract investment, and foster inclusive growth through fair and transparent systems.
Category : Business
Nigerian Airfares May Hit N200,000 as Fuel Soars to N1,600/Litre
Aviation fuel prices in Nigeria have surged to N1,600 per litre due to Middle East tensions, potentially pushing domestic flight tickets from N150,000 to N200,000 as fuel costs now account for up to 45% of airline expenses.
)
Nigeria's Highest-Paid Female CEOs Leading Billion-Naira Firms
From Adaora Umeoji to Miriam Olusanya, discover Nigeria's highest-paid female CEOs who are breaking barriers and leading billion-naira companies in banking, energy, and finance sectors.
)
Tatum Bank Meets CBN Recapitalization Requirement
Tatum Bank has successfully met the Central Bank of Nigeria's capitalization milestone, strengthening its financial foundation and positioning for enhanced service delivery and sustainable growth in Nigeria's banking sector.
Fuel Scarcity Affects All, Woman Urges Focus on Governance
A Nigerian woman calls for public attention on national issues like fuel scarcity, highlighting its broad impact on transport, food prices, and services, urging citizens to speak up on policies.
Delta Food Vendor's Note with Extra Rice Goes Viral
A Nigerian lady shared a note from a food vendor in Ughelli, Delta, who included raw rice with her order, sparking widespread praise online for the vendor's thoughtfulness.
Africa's Aviation Accident Rate Highest Globally in 2025
The International Air Transport Association reveals Africa had the world's highest aviation accident rate in 2025 despite fewer incidents, citing runway safety and investigation delays as critical concerns.
New Hire Asks for 17-Month Salary Advance, Sparks Debate
A Nigerian employer shares her shock after a new employee requested a N1.7 million salary advance, equivalent to 17 months of pay, sparking intense social media debate about workplace boundaries.
CBN Mandates Automated AML Systems for Banks, Fintechs
The Central Bank of Nigeria has issued new regulations requiring banks and financial institutions to deploy automated anti-money laundering systems within 18-24 months to combat financial crimes.
Nigeria Petrol Consumption Falls to 56.9M Litres Daily in Feb
New NMDPRA data reveals Nigeria's average daily petrol consumption declined to 56.9 million litres in February 2026, down from 60.2 million litres in January, with domestic supply dropping sharply to 39.6 million litres daily.
Alice Walton Tops Forbes Richest Women List Again
Alice Walton remains the world's wealthiest woman with a $134 billion fortune, leading Forbes' 2026 female billionaire ranking. The list reveals only 14% of global billionaires are women, with few self-made among them.
FAAN Issued 100K Airport Cards Before Tinubu Suspended Toll Policy
The Federal Airports Authority of Nigeria issued over 100,000 airport access cards before President Tinubu suspended the cashless toll system due to severe traffic disruptions at major airports.
Nigerians Launch Successful UK Businesses After Moving Abroad
Four Nigerians who relocated to the UK have gained attention for launching profitable businesses, including yam sales, suya catering, traditional food vending, and Nigerian clothing retail.
Iran War Shocks Global Economy, Threatens Food Security
The ongoing US-Israel conflict with Iran is causing severe economic disruption worldwide, driving up energy prices and threatening food shortages in vulnerable nations. The closure of the Strait of Hormuz exacerbates the crisis, with countries like India
BUA's Rabiu Leads Africa's Wealth Gainers in Forbes 2026
Nigerian industrialist Abdulsamad Rabiu recorded the largest wealth increase among African billionaires, with his net worth soaring by $6.1 billion to $11.2 billion, moving him to third place on the continent's rich list.
Italy's 2026 Customs Rules: Banned Items List
Italy has released strict customs rules for 2026, banning meat, dairy, counterfeit goods, and other items. Travellers must declare cash over €10,000 and follow duty-free limits to avoid fines.
Dangote Refinery Cuts Petrol Price by N100, Diesel Down N190
Dangote Petroleum Refinery has announced a significant reduction in petrol and diesel prices, lowering petrol by N100 per litre and diesel by N190 per litre, offering potential relief to consumers and marketers.
)
Africa Tops Global Aviation Accident Rate in 2025
Africa recorded the highest aviation accident rate worldwide in 2025, with turboprop aircraft and runway infrastructure cited as major safety concerns in the IATA report.
)
Dangote Refinery Cuts Petrol Price to ₦1,075/Litre
Dangote Petroleum Refinery reduces petrol to ₦1,075 per litre and diesel to ₦1,430 per litre following global crude oil price decline, offering potential relief to Nigerian consumers.
30 Nigerian Banks Meet CBN Recapitalisation Targets
Nigeria's banking sector nears recapitalisation goals as 30 banks meet CBN's new capital requirements, with 33 raising funds via rights issues and IPOs to strengthen stability and support economic growth.
NNPC Increases Petrol Prices by N180 Across Nigeria
The Nigerian National Petroleum Company (NNPC) has implemented a significant petrol price hike, raising rates by N180 in Lagos and other states. This marks the fourth increase in one week, with Dangote Refinery citing global market volatility as the prima
)
Bournvita Ramadan Campaign Feeds 150,000+ Nigerians
Bournvita launches major 2026 Ramadan initiative, distributing free beverages at 159 mosques and activating markets across 49 locations to support Muslim families during the holy month.
Tinubu: Economy Improving, Governors Not Borrowing for Salaries
President Bola Tinubu asserts Nigeria's economy has turned a corner, with state governors no longer needing bank loans to pay salaries. He made the remarks at an interfaith breaking of fast event in Abuja.
)
Oil Price Falls to $83, Could Nigeria's Petrol Prices Drop?
Global crude oil prices have declined to $83 per barrel after recent spikes, raising questions about potential reductions in Nigeria's petrol prices following recent hikes.
Naira Hits 5-Month Low as Dollar Strengthens
Nigeria's naira weakens to N1,405.62 per dollar at official market despite increased FX inflows and rising external reserves. Parallel market gap narrows to N15, signaling potential convergence.
Naira Hits 5-Month Low as CBN Releases New Exchange Rate
Nigeria's currency weakened to N1,405.62 per dollar at the official market despite increased foreign exchange inflows and rising external reserves. The parallel market gap narrowed significantly, signaling potential convergence.
)
First Bank Layoff Method Sparks Outrage in Nigeria
First Bank of Nigeria faces widespread criticism after accounts reveal it had outgoing non-core staff train their replacements before locking them out and sending dismissal texts.
Dangote Refinery: 47 Agency Fees Drive Up Petrol Prices
Dangote Refinery's MD reveals that fees from 47 government agencies contribute to rising petrol prices, urging priority crude access for local refineries amid global supply disruptions.
Dangote Refinery CEO: Fuel Prices May Remain High Despite Full Output
Dangote Petroleum Refinery CEO David Bird explains that petrol prices may not drop even with full refinery operation due to global oil market volatility and supply chain costs. Nigerian crude accounts for 30-35% of feedstock.
Naira Depreciates Against Dollar, CBN Issues New Exchange Rates
The Nigerian naira has depreciated in the official market, hitting its lowest level in two months due to rising dollar demand from Middle East tensions. The Central Bank of Nigeria released new exchange rates as the currency weakened further.
Page 308 of 453