AU Pushes for U.S. Senate Approval of AGOA Extension
The African Union calls for U.S. Senate approval of a three-year AGOA extension. Meanwhile, new 25% tariffs threaten Nigeria, South Africa, and others trading with Iran. Read the full analysis.
Category : Business
NGX Lists 3.16 Billion New UBA Shares
The Nigerian Exchange has listed 3.16 billion new UBA shares from a rights issue, raising N158bn and pushing the bank's total capital above the CBN's N500bn requirement. Read more.
World Bank: Revamp Public Works for Skills, Not Just Jobs
The World Bank urges governments to transform public works programmes from short-term jobs to skills-building initiatives in care, digital, and green sectors for lasting employment.
ILO: 186m Jobless by 2026, AI Poses Major Risk
The ILO warns global unemployment will stagnate in 2026, with 186 million jobless. AI and trade uncertainty threaten youth jobs, while informality rises. Read the full report.
Nigeria's Oil Production Falls as FG Sets Strict Bid Terms
Nigeria's crude oil production fell in December 2025, lagging behind OPEC peers. The FG announces strict terms for the 2025 bid round, ending licence speculation. Read the full analysis.
Agro-firm Lists N1.09bn Shares on NGX
Zichis Agro-allied Industries Plc lists N1.09 billion shares on the Nigerian Exchange. The move marks its transition to a public company, with a commitment to strong governance and investor value.
7.5% VAT on Mobile, USSD Bank Transfers Starts Jan 19
Nigerians will pay 7.5% VAT on mobile transfers & USSD fees from January 19, 2026. NATCOMS calls it 'double taxation' and threatens legal action. Read the full details.
Nwokafor Urges Entrepreneurs to Focus on Grants in 2026
Ezinne Nwokafor urges Nigerian entrepreneurs to target grant funding in 2026, highlighting billions in untapped capital for climate, tech, and women-led ventures. Don't miss out!
BPO Demand Rises as Firms Seek Delivery Capacity
Tranter IT reports a surge in BPO demand in Nigeria, driven by firms in finance, government, and manufacturing seeking partners with proven delivery track records, not just theoretical capability.
Dangote Aims for 90M Tonnes Cement, Gifts N15B
Aliko Dangote announces Vision 2030 to grow Dangote Group into a $100bn enterprise. Plans include boosting cement output to 90m tonnes and refinery expansion. Read more.
Africa Outperforms Global Peers on Gender Inclusion in Finance
A new AVCA report shows Africa is ahead on gender diversity in private capital teams, but female leadership in portfolio firms remains low. Discover the data and what it means for investment.
Nigeria, UAE waive tariffs on 13,000 goods
Nigeria and the UAE have signed a landmark trade deal, eliminating tariffs on 13,000 goods. The agreement promises to boost exports, attract investment, and improve air connectivity. Discover the details and impact.
TUC Calls for Urgent Review of Workers' Allowances
The Trade Union Congress urges Federal and state governments to review workers' allowances to counter inflation. TUC warns economic reforms are causing hardship. Read the full demands.
Nigeria's Quality of Life: Poverty, Inflation & Regional Gaps
An in-depth analysis of Nigeria's quality of life reveals 54% poverty, 30% inflation eroding wages, and stark regional divides. Discover the realities and coping mechanisms.
Niger Delta Blue Economy Summit partners with Caverton Marine
The Niger Delta Blue Economy Investment Summit partners with Caverton Marine to boost safe, climate-friendly water transport. Summit set for Feb 9-11 in Akwa Ibom. Read more.
Nigeria's tax system unjust, 96% from low earners
Tax reform chief Taiwo Oyedele reveals Nigeria's unsustainable tax structure, with 96% of personal income tax from low earners. The 2026 reform aims to correct this, boosting disposable income. Read the full analysis.
AU Welcomes U.S. Approval of AGOA's Three-Year Extension
The African Union welcomes the U.S. House's bipartisan approval to extend AGOA until 2028, a key trade pact boosting African exports. The bill now moves to the Senate for final approval.
TotalEnergies Divests 10% Stake in Renaissance JV to Vaaris
TotalEnergies EP Nigeria signs agreement to sell its 10% interest in Renaissance JV assets to Vaaris. The deal involves 15 oil licences and marks a major portfolio restructuring. Read the full details.
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How NGN Volatility is Changing Nigerian Trading Habits
Rising Naira volatility is forcing Nigerian retail traders to abandon guesswork. Discover why pips calculators are now essential for stable position sizing and protecting capital in fast markets.
Blord's 2-in-1 Charger Claim Sparks Nigerian Debate
Entrepreneur Blord imports a dual-tip fast charger from China, calling it a first-of-its-kind innovation. Nigerians react with mixed reviews, questioning originality.
How Tinubu's ADSW Presence Unlocks Nigeria's Green Investment
President Tinubu's direct engagement at Abu Dhabi Sustainability Week is unlocking vital climate finance and green investment opportunities for Nigeria, repositioning the nation as a prime destination for sustainable capital.
SAIPEC 2026 to Spotlight Nigeria's Oil Licensing Round
The 10th Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will focus on Nigeria's oil licensing round. Key speakers from across Africa confirmed for the Lagos event in February 2026. Read more for details.
Experts Back Bank Recapitalisation, Urge Caution
Financial experts endorse the CBN's bank recapitalisation drive as crucial for economic stability but caution that poor regulation and macroeconomic woes could undermine its success. Learn the key insights.
MultiChoice Nigeria Names Kemi Omotosho New CEO
MultiChoice Nigeria announces Kemi Omotosho as its new CEO, succeeding John Ugbe who retires after nearly 15 years. Omotosho brings over 20 years of media and telecom leadership. Read more.
FG: Minor Tax Law Changes Won't Affect Core Provisions
The Federal Government has reassured Nigerians that recent alterations to newly passed tax laws will have minimal impact. Presidential Tax Reform Committee Chairman Taiwo Oyedele confirms key aspects like tax rates and filing deadlines remain unchanged. G
CBN Releases 2026 Bank Lending Rates for Transparency
The Central Bank of Nigeria has published the latest prime and maximum lending rates for Access Bank, UBA, GTB, Zenith, and others as of January 9, 2026, to guide borrowers. See the full list.
NRS: Food, Transport Not Taxed in New 2026 Laws
NRS Chairman Dr Zacch Adedeji assures Nigerians that essential items like food and transport are exempt from transactional taxes under the new 2026 regime, aiming to tax prosperity, not poverty. Read details.
Nigerian Banks Eye Fresh Lending Growth in 2026
Nigeria's banking sector is set for a lending rebound in 2026 as inflation and FX pressures ease. Economists forecast 10-15% private sector credit growth. Read the full analysis.
Group Praises Public Support for Tax Reforms, Warns on Misinfo
National Interest Defenders commend Nigerians for supporting the new tax regime, highlighting its role in boosting revenue and infrastructure. The group warns against misinformation campaigns aimed at derailing the reforms.
Youth Council Backs Tax Reforms, Warns Vested Interests
Ethnic Youth Leaders Council supports new tax law, calling it vital for Nigeria's economy. They warn against sabotage by vested interests and urge public patience. #TaxReforms #NigeriaEconomy
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