Stock Market Records First 2026 Loss, N457bn Gone
The Nigerian stock market closed in the red for the first time in 2026, with investors losing over N457 billion. Get the full details on the top gainers, decliners, and market analysis here.
Category : Business
Air Peace Apologises for Recent Flight Delays
Air Peace has issued an apology to passengers for recent flight disruptions, citing harmattan weather and safety compliance. The airline recorded the highest delay rate in Q3 2025.
NESG Projects Naira at N1,480 to Dollar by 2026
The Nigerian Economic Summit Group forecasts the naira will stabilise around N1,480 per US dollar in 2026, driven by rising reserves and policy coordination. Discover the full economic outlook.
Nigerian Man Explains New 7.5% VAT on Bank Transfers
A Nigerian man clarifies how the new 7.5% VAT on mobile transfers, USSD, and POS works. Learn how it impacts service fees and what it means for your daily transactions.
NRS: VAT on Banking Fees Isn't New - Full Details
The Nigeria Revenue Service clarifies misconceptions about VAT on banking services, stating it's not a new tax. Learn what changed and what remains exempt.
FG Warns Oil Firms, May Revoke Undeveloped Blocks
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
LIRS Deadline: File Annual Tax Returns by Jan 31
Lagos State Internal Revenue Service (LIRS) has reminded all employers to file their 2025 annual tax returns by January 31, 2026, via the eTax portal to avoid penalties under the new NTAA law.
New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
Lebara Nigeria Opens Agent Registration Portal Nationwide
Lebara Nigeria has launched a digital Agent Registration Portal to onboard PoS agents and distributors ahead of its 2026 commercial launch. The portal promises a 30-minute onboarding process.
NRS: Banks Pay VAT on Transfer Fees, Not Customers
The Nigerian Revenue Service clarifies that the 7.5% VAT applies to bank service charges, not transaction values. Implementation begins January 19, 2026. Read the full details.
EEDC Gives 25% Discount on Unpaid Electricity Bills
Enugu Electricity Distribution Company launches a debt relief scheme, offering up to 25% discount on arrears incurred before Dec 2022. Learn how to qualify and settle your bills.
Dangote Petrol N44 Cheaper Than Imported Fuel
Dangote Refinery sells petrol N44 per litre cheaper than imports, forcing a price war. Learn how this impacts Nigerian consumers and the market's future.
OPay Privacy: How to Hide Transactions
Learn how to hide OPay transactions for privacy and understand why permanent deletion is not possible due to Nigerian financial regulations. A step-by-step guide.
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
Dulux Paints Launches New Look in Nigeria
Dulux Paints has unveiled new premium packaging for its products, reinforcing over six decades of commitment to quality and sustainability for Nigerian consumers. Experience the new look nationwide.
Dulux Paints Launches New Look, Reinforces 60-Year Legacy
Dulux Paints reveals a modern new packaging design for its product range, reinforcing over six decades of commitment to quality, durability, and eco-friendly solutions for Nigerian consumers.
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Nautica Beach Resort: N25bn Lagos Waterfront Project
Cruxstone Group unveils plans for Nautica Beach Resort, a N25 billion unique leisure and recreational destination rising from the Lagos waters. Discover the iconic project set to transform the city's coastline.
Abuja's Premier Golf Estate Opens on Airport Road
Mshel Hutu Exclusive, Abuja's first golf estate, offers resort-inspired living with premium lands and apartments. Secure your property in this elite community today!
Paystack Acquires Ladder MFB for Banking Licence
Paystack expands beyond payments by acquiring Ladder Microfinance Bank, securing a banking licence to offer deposits and loans. This strategic shift follows regulatory scrutiny and intensifies competition in Nigeria's fintech sector.
Paystack Launches Microfinance Bank in Nigeria
Nigerian fintech giant Paystack marks its 10th anniversary by launching Paystack Microfinance Bank, expanding from payments into full banking services. Read more.
New 7.5% VAT on Mobile, USSD Bank Transfers in Nigeria
Nigerians will pay a 7.5% VAT on mobile transfers and USSD banking from January 2026. Fintech firm Moniepoint clarifies it's a government directive, not a price hike. Consumer groups warn of financial strain.
Pension Index Gains 59.72%, Outperforms Broader Market
Nigeria's NGX Pension Index surged 59.72% in 2025, outperforming the All-Share Index. Discover how pension-compliant stocks are driving market growth and what it means for your retirement savings.
Dangote Refinery Hits 50M Litres Daily, Plans Major Expansion
Dangote Refinery's CEO assures Nigerians of stable petrol prices, reveals a 1.4 million barrel per day expansion plan for 2026, and details how 24-hour operations are ending fuel scarcity.
NECA Begins 2027 Minimum Wage Preparations
NECA Director-General Adewale-Smatt Oyerinde reveals employers have started preparing for the 2027 minimum wage negotiations. He also discusses tax reforms, business survival, and the alcohol sachet ban. Read the full interview.
Six-Month Blackout Hits Calabar Communities
Residents of Ikpai Ohom and Big Qua Town in Calabar face severe hardship after six months without power due to a failed transformer. They call on Governor Bassey Otu for urgent help.
Onne Ports Gridlock: Risks and Proposed Solutions
Chronic traffic gridlock at Onne Ports cripples businesses and endangers lives. Explore the severe risks and six critical solutions needed from government and stakeholders to resolve the crisis.
Renewable Energy Jobs Growth Slows, Report Warns
A new ILO & IRENA report reveals renewable energy job growth is slowing despite a deployment boom. It calls for urgent government action on supply chains and an inclusive workforce for a just transition. Read the full analysis.
NGX Rises 0.6%: Seplat Leads 47 Gainers in Bullish Session
The Nigerian Exchange Limited closed positive on January 15, 2026, with the ASI rising 0.6% to 166,771.95 points. Market capitalisation gained N599bn, driven by Seplat Energy and 46 other advancing stocks. Read the full market analysis.
Accountability Crucial for Nigeria's 2026 Economic Growth - ICAN
Stakeholders at ICAN's 2026 Economic Outlook stress that fiscal discipline and transparency are vital to build public trust and sustain Nigeria's fragile economic progress. Read more.
Port Disruptions Cost Nigeria N5bn Daily - Report
A new report reveals street protests and unregulated port charges cost Nigeria up to N5bn daily, fueling inflation. SEREC urges urgent policy reforms to save the economy. Read the full analysis.
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