21 Banks Meet CBN Capital Target, Secure ₦5.142 Trillion
Nigeria's banking sector shows strength as 21 banks exceed CBN's recapitalisation requirements ahead of the March 2026 deadline, securing over ₦5 trillion. Discover the leaders and the impact.
Category : Business
Nigerian Bank Plans 500 New Branches for Ethical Finance
The Alternative Bank (AltBank) unveils an ambitious plan to expand to 500 branches nationwide by 2026, targeting financial inclusion and ethical, non-interest banking services for all Nigerians.
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Complete Guide to LLC Registration in Nigeria 2026
Everything Nigerian entrepreneurs need to know about registering an LLC in 2026: benefits, costs, step-by-step CAC process, and key considerations for business growth and legal protection.
How Kalabash Tackles Nigerians' Travel Spending Woes
Nigerians face travel spending stress due to FX rates & card declines. Kalabash, Wakanow's fintech arm, offers Mastercard prepaid cards for seamless local & international payments. Learn more.
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Agents Protest Shipping Charge Hike, Shut Down MSC Apapa
Clearing agents in Apapa have halted operations at MSC to protest a sharp increase in shipping tariffs, warning it will worsen inflation and raise import costs for Nigerians.
NRS Publishes Phone Number for Tax Issues Reporting
Nigeria Revenue Service opens dedicated phone line and email for citizens to report problems with new 2026 tax laws. Get help with TIN, exemptions, and compliance.
Marketers Resist Cutting Petrol Prices Below Dangote Rate
Independent oil marketers explain why petrol prices remain above Dangote Refinery's N739 benchmark, citing high logistics costs. Discover the factors shaping Nigeria's fuel price war.
National Housing Council to Reposition Built Environment
Dr. Shuaib Belgore announces the 14th National Council on Lands, Housing and Urban Development in Ilorin, focusing on policy alignment for affordable housing and sustainable cities. Read more.
Kogi Commended for Adopting National Tax Harmonisation Law
Kogi State earns national acclaim for domesticating the Harmonised Taxes law, a key step in eliminating multiple taxation and boosting investor confidence. Discover how this reform shapes Nigeria's fiscal future.
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Customs Introduces New Rules for DDP Courier Companies
The Nigeria Customs Service has begun implementing a new Standard Operating Procedure for courier firms operating under Delivered Duty Paid. The move aims to streamline processes and boost revenue.
Tomato Prices Crash to 12-Year Low in Nigeria
Nigerian households and businesses enjoy stable tomato prices in 2025 after a record-breaking production year. Discover how strategic efforts broke a long cycle of scarcity and what challenges remain.
MultiChoice Nigeria Appoints Kemi Omotosho as New CEO
MultiChoice Nigeria has named Kemi Omotosho as its new Chief Executive Officer, effective January 2026. She succeeds John Ugbe, who retires after nearly 15 years. Read about the leadership change and its impact on Nigeria's media landscape.
Naira Appreciates to N1,421 per Dollar
The Nigerian Naira shows mixed performance, appreciating slightly against the US Dollar, British Pound, and Euro in the official market. Experts project 2026 outlook.
Three Nigerian Banks Set for Merger as CBN Deadline Nears
Nigeria's banking sector faces consolidation as three mergers are expected before the March 2026 recapitalisation deadline. Tier-2 banks scramble for survival amid fintech disruption and regulatory pressure. Read the full analysis.
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CBN's Revised Cash Policy: Grey Areas and Risks
The CBN's revised cash policy removes deposit limits but raises concerns over ATM failures, election vote-buying, and national security. We analyse the potential pitfalls.
Weak Commercial Strategy Hurts Nigerian Airlines
Gbenga Onitilo of Travelden links domestic airlines' poor performance to flawed commercial frameworks, not just economic woes. Passenger traffic fell 6.46% in 2024.
DisCos Record N92.93bn Revenue Gap in October
Nigerian electricity distributors faced a N92.93bn revenue shortfall in October 2025 due to billing and collection inefficiencies. NERC data reveals stark performance gaps among DisCos. Read the full analysis.
Universal Insurance Plc Bets on Tech for 2026 Expansion
Universal Insurance Plc CEO Japhet Duru reveals a 2026 strategy focused on digital innovation to enhance customer experience and expand market share. Learn how technology is reshaping Nigeria's insurance sector.
32 Vessels with Fuel, Food to Arrive Lagos Ports
The Nigerian Ports Authority announces 32 vessels carrying petroleum products, food, and other goods are set to arrive at Lagos ports from Jan 12-30. Get the latest maritime updates.
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Customs Introduces New Rules for Courier Companies
Nigeria Customs Service rolls out a new Standard Operating Procedure for courier firms under DDP. Learn about the licensing, documentation, and compliance requirements now in effect.
NBS on Inflation Spike, Obi Warns on Poverty
NBS clarifies the projected December inflation spike is due to statistical rebasing, not economic decline. Meanwhile, Peter Obi warns Nigeria's rising poverty is a threat to national survival. Global food prices fall for fourth month.
Paramount Sues Warner Bros Discovery in Takeover Battle
Paramount Skydance files lawsuit against Warner Bros Discovery, escalating its hostile bid to acquire the CNN-parent company. Get the latest on the corporate takeover saga.
Nigerian Car Dealers Turn to Electric Vehicles
Nigerian car dealers report a sharp drop in petrol car sales. The industry is now exploring electric and gas-powered vehicles as the future, despite infrastructure challenges. Read more.
NGX Opens Week Bullish as ASI Rises 0.58%
The Nigerian stock market started the week positively, with the All-Share Index gaining 0.58% and market capitalisation increasing by N744.99 billion. Discover the top gainers and trading activity details.
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Customs Introduces New Rules for Courier Companies
The Nigeria Customs Service has launched a new Standard Operating Procedure for courier firms using Delivered Duty Paid. Learn the key requirements and compliance steps.
Nokia Phones Ordered in 2010 Finally Delivered After 16 Years
A Libyan phone dealer finally receives a shipment of Nokia phones ordered in 2010, after 16 years of delay caused by civil war and logistics collapse. Read the full story.
60 CBN recruits stranded 28 months after job offer
60 newly hired Central Bank of Nigeria staff face hardship after resigning for jobs they never started. They appeal to CBN Governor & President Tinubu for help. #CBN #Employment
Freight Agents Shut Down MSC Apapa Over New Charges
Freight forwarders in Lagos ports have shut down Mediterranean Shipping Company's Apapa office, protesting a new charge hike. They warn of rising import costs and consumer inflation. Read the full story.
Nigerian Doctor in Germany Lists Benefits of Paying 42% Tax
A Nigerian doctor in Germany highlights benefits like unemployment aid and child support after paying taxes, sparking debate on Nigeria's tax reforms. What do Nigerians get?
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OGFTZ Fire: No Casualties, Investigation Ongoing
A fire at Good Mattress FZE in Ogun-Guangdong Free Trade Zone was contained with no lives lost. Management commends emergency response. Investigation into cause continues.
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