NAICOM: No Extension for Insurance Recapitalisation
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
Category : Business
NECA Supports Jan 1 Tax Reform Kickoff
NECA supports Nigeria's new tax laws starting January 1, 2025, urging amendments for genuine concerns. DG Adewale-Smatt Oyerinde calls for macroeconomic gains to reach micro level. Read more.
NNPC Debt Waiver: Only Penalties Forgiven
Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.
Last-Mile Hurdles Rob Rural Nigeria of Digital Economy
Despite billions invested in fibre, Nigeria's rural communities remain disconnected. Explore how the last-mile gap cripples farmers, healthcare, and education, widening the national digital divide.
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Tinubu insists new tax laws start Jan 1, ignores suspension calls
President Bola Tinubu reaffirms Nigeria's new tax laws commence January 1, 2026, dismissing PDP, ANAN, and Ezekwesili's calls for suspension over alleged discrepancies in the gazetted versions.
Kano Inland Container Depot Sees Terminal Record Growth
APM Terminals marks 10 years of its Kano ICD, reporting expansion to 11 shipping lines and 600 monthly containers. The company aims to restore Kano's historic role as a major trade hub for Niger and Chad. Read more.
Reposition Private Sector for $3.4trn AfCFTA Gains – NBGN
NBGN Chairman Bashorun Randle urges the FG to urgently reposition Nigeria's private sector to harness the $3.4 trillion AfCFTA market. Read more on the needed reforms.
20m Nigerian Homes Stick to Firewood Over Cooking Gas
Despite rising LPG production, over 20 million Nigerian households rely on firewood and charcoal due to high costs. Experts warn of deforestation and health risks as government targets 5 million cylinders by 2030.
NDIC Reaffirms Fiscal Compliance, Seeks Stronger Capacity
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
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MA'AM Energy Takes Control of Geregu Power in $750m Deal
MA'AM Energy Limited becomes the new controlling shareholder of Geregu Power Plc in a landmark $750 million transaction, leading to a complete board overhaul. Discover the details and implications for Nigeria's power sector.
Nigeria's 5G Users Hit 6.38 Million, Data Consumption Soars
NCC data reveals 6.38 million Nigerians are on 5G networks, while national data consumption hits a record 1.24 million terabytes in a month. Explore the growth, urban-rural divide, and infrastructure challenges.
Nigeria's Business Activity Expands in December, PMI Rises to 57.6
Nigeria's private sector closed 2025 on a high note as the Purchasing Managers' Index (PMI) rose to 57.6 in December, signaling the fastest expansion pace of the year. Read the full CBN report details.
NAMA Explains Harmattan Flight Delays and Diversions
NAMA clarifies that recent flight disruptions are due to adverse harmattan weather and airline operational limits, not faulty navigational aids. All equipment meets international standards. Read more.
ATCON: Telecoms Overcame 2025 Challenges, See Growth Ahead
Nigeria's telecom industry body, ATCON, says 2025 was difficult but the sector expanded. It projects accelerated investment in 2026 driven by fibre, data centres, and supportive policies. Read the full outlook.
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Gas Crisis Fuels Deforestation as Prices Soar
Despite vast gas reserves, soaring LPG prices force Nigerian households back to firewood and charcoal, deepening health risks and accelerating forest loss. Experts warn of a growing energy poverty crisis.
GRIP Initiative Unveils Plan to Empower Nigerians in Diaspora
Woodhall Capital's GRIP initiative launches in Lagos to empower diaspora Nigerians & young professionals, aiming to drive inclusive economic growth across all 36 states. Discover how.
New Climate Strategy Proposed to US & UN from Nigeria
A Nigerian think tank proposes a realistic global climate plan focusing on Circular Carbon Economy & CCUS, urging US leadership and UN adoption for an equitable energy transition.
Tributes for late Guardian ex-COO Alex Thomopulos at 78
The Guardian family mourns Dr Alexander Thomopulos, former COO, who passed at 78. Colleagues and family celebrate his legacy of leadership and philanthropy. Read tributes.
Systemic Failures Test Nigeria's Patience in 2025
As inflation, unemployment, and governance failures persist, Nigerians' daily worry becomes a survival mechanism. Explore the data and human cost, and discover how some are turning concern into action. Read the full analysis.
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FIRS Replaced by NRS in Major Nigerian Tax Reform
Nigeria's FIRS is now the Nigeria Revenue Service (NRS) following landmark 2025 legislation. Discover how this shift promises transparency, efficiency, and a new era of public finance management for all citizens.
New Tax Laws to Take Effect Jan 1 as Scheduled
The Federal Government confirms Nigeria's new tax regime will begin on January 1, 2026. The reforms aim for a fairer, more efficient system to boost economic growth. Read the full details.
PDP: Tinubu Puts Tax Revenue Before Nigerians' Welfare
The PDP demands suspension of new Tax Act, alleging discrepancies. It accuses the Tinubu administration of prioritising money over citizens' well-being. Read the full details.
Top 5 Marketing Tools for Nigerian Entrepreneurs in 2026
Nigerian entrepreneurs waste ₦70k monthly on fragmented tools. Our 2026 review reveals the best all-in-one platforms for local needs, budgets, and internet. Save over ₦500k yearly.
Gombe State secures five new major investments
Gombe State attracts five new investments in key sectors, driven by business reforms under the SABER programme. Discover how this boosts Nigeria's economy.
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Ezekwesili: Suspend Tax Act Over Credibility Crisis
Oby Ezekwesili calls for immediate suspension of Nigeria's Tax Reform Act, citing grave constitutional concerns over a disputed gazetted version. She demands a transparent inquiry.
Borno exports $0.8m shoes, develops industrial hub
Borno State boosts economy with $800k leather exports and launches a new industrial hub with a dry port. Governor Zulum presents N890.33bn budget for 2026. Read more.
₦200m Fund Launched for 20 Ogoni Entrepreneurs
Chief Lesi Maol invests ₦200m to empower 20 Ogoni entrepreneurs, urging youth to embrace wealth creation for sustainable development. A transformative step for Ogoniland's economy.
FIRS Transforms to Nigeria Revenue Service in 2026
Nigeria's FIRS transitions to the Nigeria Revenue Service in January 2026, driven by four new laws. The reform promises streamlined tax processes, stronger oversight, and integrated revenue collection for better public finance management.
Tinubu: New Tax Laws to Commence January 1, 2026
President Bola Tinubu insists Nigeria's new tax laws will take effect on January 1, 2026, despite controversy over alleged alterations and a National Assembly probe. Read the full details.
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Bayelsa Bans Timber Transport, Stops Dredging
Bayelsa State Government bans movement of forest products and suspends all dredging activities from January 1, 2026. Commissioner Ebi Ben Ololo warns of arrests for violators. Protect the environment now!
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