FG Denies 25% Tax on Building Materials Under New Law
The Tinubu administration clarifies that the Nigeria Tax Act 2025 imposes no 25% levy on construction materials, countering misinformation from former minister Rotimi Amaechi.
Category : Business
NGX: 4.6 Billion Shares Traded in a Week, Market Up
The Nigerian Exchange recorded a significant trading volume of 4.652 billion shares worth N193.326 billion in one week, with the All-Share Index gaining 6.16%. Financial services led the activity, while Zichis Agro Allied topped the gainers list.
Mining Pit Collapse in Ebonyi Kills 3, Injures 4
A tragic mining pit collapse in Ebonyi State's Enyim Agalegu community has resulted in three fatalities and four injuries, sparking calls for safer mining practices and highlighting ongoing dangers in Nigeria's mining sector.
Access Bank Announces Nationwide Job Vacancies
Access Bank is recruiting experienced professionals for branch manager, relationship officer, and Chinese desk manager positions across Nigeria. Requirements include business degrees and relevant banking experience.
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Tetracore Launches 60,000 SCMD CNG Facility in Ogun
Tetracore Energy Group has officially commissioned a new 60,000 Standard Cubic Metres per Day Auto Compressed Natural Gas facility in Ogere, Ogun State. This strategic investment aims to provide cleaner, cost-effective fuel for transportation and industri
Nigeria Banks in Final Stretch of Recapitalization Drive
Nigerian banks are in the final phase of meeting the Central Bank's March 2026 recapitalization deadline, with FCMB undergoing verification and other institutions exploring mergers, foreign investment, and capital raises amid fintech competition.
Petrol Price War: Nigerian Stations Cut Rates to Attract Customers
Intense competition among Nigerian petrol marketers has led to significant price reductions at filling stations, with Dangote Refinery lowering gantry prices and retailers adjusting pump rates to retain market share.
Siemens Revives $2.3bn Nigeria Power Deal for 25,000MW Grid
German engineering giant Siemens has formally restarted its $2.3 billion power agreement with Nigeria, aiming to boost grid capacity from 4,000MW to 25,000MW and end chronic electricity shortages through infrastructure overhaul.
Adedeji: Leadership Mindset Key to Nigeria's Revenue Reform Success
NRS Executive Chairman Zacch Adedeji emphasizes that Nigeria's revenue reform success depends on leadership mindset transformation, not just policies or technology. He warns that hidden beliefs about control and perfection can undermine institutional chan
Jerry Eze Launches $525K Grant for 100 Nigerian Entrepreneurs
Renowned cleric Jerry Eze has unveiled a $525,000 grant program to support 100 young Nigerian entrepreneurs in agriculture, technology, and manufacturing sectors, with KPMG appointed to ensure transparent management.
CBN Dollar Sales to BDCs Narrow Naira Gap to N65
Nigeria's currency market sees narrowing gap as Central Bank reopens dollar sales to BDCs. The naira posted weekly gain despite slight depreciation on Friday, reflecting recovery trends.
Naira Falls Against Dollar in Official and Black Markets
The Nigerian naira depreciated against the US dollar in both official and parallel markets on Friday, February 13, 2026, closing at N1,355.42/$1 at NAFEM. However, it gained against the Pound Sterling and Euro. Analysts cite strong FX demand and CBN's non
NPA Urges Investors to Use Simplified Export Pathways
NPA Managing Director Dr. Abubakar Dantsoho calls on traders and investors to leverage new Export Process Terminals and partnerships to boost Nigeria's global trade competitiveness.
Jim Ovia: N20 Million Built Zenith Bank into $4B Giant
Zenith Bank founder Jim Ovia details starting with N20 million in 1990, growing to $4 billion in 20 years, and overcoming Nigeria's infrastructure challenges through BYOI strategy.
Nigeria's Sugar Tax Hike: N10 to N130 Per Litre
Nigeria's proposed sugar tax increase from N10 to N130 per litre could raise drink prices by 20-50%, impacting health, jobs, and consumer budgets amid debates on effectiveness and equity.
AMNI Refutes Receivership Claims, Court Order Misrepresented
AMNI International Petroleum Development Company Limited has dismissed reports of receivership, clarifying that a Federal High Court order pertains only to limited administrative functions in the Cenroc dispute.
Nigeria's Valentine's Day Boom: 7 Top Money-Making Businesses
Valentine's Day in Nigeria drives massive consumer spending, benefiting businesses like florists, restaurants, and hotels. This article explores the top seven sectors cashing in on the love season, highlighting economic impacts and challenges.
Ex-Banker's New Year Career Leap Sparks Online Debate
A Nigerian woman's viral TikTok post about leaving her banking job on January 1, 2026, to start her own business has ignited widespread reactions and discussions about career transitions.
KEDCO Launches Digital Payment Kiosks for Electricity Bills
Kano Electricity Distribution Company introduces ATM-enabled self-service kiosks in partnership with FUCIL Datatech Limited to simplify electricity payments and drive digital transformation.
10 Cheapest European Countries for Nigerians to Relocate To
As traditional destinations like the UK and US become financially prohibitive, Nigerians are turning to budget-friendly European countries offering study, work, and residency pathways with lower costs.
Tetracore Commissions Ogere CNG Facility, Expands Clean Energy Access
Tetracore Energy Group, led by Dr. Olakunle Williams, has commissioned a 60,000 SCMD Auto CNG facility in Ogere, Ogun State, marking a significant step in Nigeria's clean energy expansion and supporting economic growth across West Africa.
Ikeja Electric Clarifies Tax ID, NIN Rule for Businesses
Ikeja Electric has clarified that its directive for submitting Tax ID and NIN applies only to corporate customers, vendors, and partners, not residential users, to comply with the Nigeria Tax Act 2025.
FG Launches Digital Climate Tool for Nigerian Farmers
The Nigerian government has launched a new digital climate advisory system in partnership with NiMet and Tomorrow.io to help farmers make weather-driven decisions for planting, fertilizing, and harvesting.
CBN Warns Against Naira Abuse Before Valentine's Day
The Central Bank of Nigeria cautions citizens against mutilating, spraying, or counterfeiting the naira, emphasizing respect for the currency as a national symbol during Valentine's Day celebrations.
Tetracore Commissions Ogere CNG Plant, Expands Clean Energy Access
Tetracore Energy Group has commissioned a major 60,000 SCMD Auto CNG facility in Ogere, Ogun State, as part of its strategy to expand cleaner, affordable energy across Nigeria and West Africa under CEO Dr. Olakunle Williams.
Ogun Becomes Oil-Producing State as NNPC Drills at Eba Well
Ogun State has officially joined Nigeria's oil-producing states following the commencement of drilling operations at the Eba oil well. President Tinubu's approval accelerated the project, which promises economic growth and diversification beyond the Niger
Nigerian Man Finds Spain Cheaper Than UK for Groceries
A Nigerian businessman visiting Spain was stunned to discover food, drinks, and groceries cost significantly less than in the UK, challenging his previous assumptions about European prices.
Starlink User Discovers 1.03TB Data Usage, Questions Telcos
A Nigerian man's switch to Elon Musk's Starlink revealed he used 1.03TB of data in January, making him reconsider if local telcos were cheating him, sparking online reactions.
NNPC Slashes Petrol Price in Lagos by N25
NNPC filling stations in Lagos have reduced petrol pump prices to N815 per litre, a N25 decrease from previous rates. This adjustment follows Dangote Refinery's price cut and reflects broader market dynamics.
NNPC Alerts on Power Cuts from Seplat Gas Shutdown
NNPC Limited has raised an alarm over potential electricity disruptions as Seplat Energy shuts its gas facilities for a four-day maintenance, impacting Nigeria's power supply amid ongoing energy challenges.
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