NRS Says VAT on Bank Charges Not New, Implementation Delayed
The Nigeria Revenue Service clarifies that VAT on banking services is not new. Implementation of new tax laws is delayed due to gazette controversy. Get the full details.
Category : Business
Maritime Piracy Surges to 137 Attacks in 2025
ICC's IMB reports a sharp 18.1% rise in global piracy and armed robbery at sea in 2025, with 137 incidents. The Gulf of Guinea remains a hotspot. Read the full analysis.
NRS, Agents Clash Over 7.5% VAT on Bank Transfer Fees
The Nigeria Revenue Service clarifies VAT applies only to bank service charges, not customer transactions. Agents Association warns of financial inclusion setback. Get the full details.
How Nigeria's Reforms Impact West & Central African Economies
IFC's Dahlia Khalifa explains how Nigeria's private-sector-led reforms in energy and agriculture are boosting productivity and job creation, setting a regional example. Discover the economic ripple effects.
Ethiopian Airlines Starts Construction of Bishoftu Airport
Ethiopian Airlines begins building Bishoftu International Airport, a key project for African aviation and trade under AfCFTA. Phase one to open by 2030.
U.S. Visa Sanctions Cause Airline Passenger Drop in Nigeria
Foreign airlines face a sharp decline in passengers from Nigeria due to strict U.S. visa sanctions. Experts warn of a continued slump on key international routes. Read the full analysis.
New Fibre Feed Additive Cuts Livestock Mortality in Nigeria
A German company introduces ARBOCEL, an insoluble fibre concentrate, to Nigerian farmers. Proven to increase bird body weight and improve gut health, it tackles climate-related stress and boosts production profitability. Learn how this innovation transfor
Tax Reforms to Benefit Manufacturers, Improve Ease of Doing Business
Tax Reforms Committee Chairman Taiwo Oyedele assures manufacturers that new laws will cut costs and boost growth. Experts discuss compliance and investment opportunities at Lagos summit.
Land Reforms, Tech Vital for Nigeria's Smallholder Farmers
Agriculturist Eyitayo Raji calls for land policy reforms, gender inclusion, and tech adoption to empower smallholder farmers and tackle insecurity, outdated tools, and low profits.
NCAA Trains New Flight Standards Officers in Lagos
The NCAA has completed a mandatory 5-day training for new Flight Standards Group officers in Lagos, emphasizing technical proficiency and safety oversight. Read more on the agency's staff development drive.
NGX, DEG Target $3bn Climate Capital for Nigeria
NGX Group partners with Germany's DEG to unlock $2.5-$3.0 billion in climate-linked capital for Nigerian corporates. Learn how the CEO Roundtable aims to boost sustainability and investment.
Heirs Energies marks 5 years with major oil, gas production growth
Heirs Energies reports oil production doubled & gas tripled on OML 17 after five years, boosting Nigeria's domestic energy supply and power generation. Read the full report.
NSPRI Summer Class Aims to Curb Postharvest Losses
NSPRI's 'Catch Them Young' initiative trains 50 Lagos students in food preservation to tackle Nigeria's 30-50% postharvest loss. Learn how this shapes future agripreneurs.
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.
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.
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.
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.
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.
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