Mexico Train Derailment: 13 Dead, Dozens Injured
At least 13 killed as Mexico's flagship Interoceanic Train derails in Oaxaca. Over 250 passengers onboard. President orders investigation. Read the latest details.
Category : Business
Atiku Warns Tinubu Over Tax Laws Re-Gazetting
Atiku Abubakar cautions that hurriedly re-gazetting Nigeria's new tax laws undermines parliamentary oversight and sets a dangerous constitutional precedent. Full analysis.
Nigeria's Mandatory Car Recycling Fee Starts 2026
From 2026, Nigerians will pay a mandatory vehicle recycling fee at registration. The policy aims to generate over N150bn yearly, create jobs, and regulate used car imports. Get all the details.
Nigerian Authorities Sanction 7 Airlines in 2025
The NCAA sanctioned seven airlines, including Qatar Airways and Air Peace, for passenger rights violations in 2025. Discover the full list of fines and the regulator's warning for 2026.
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Firm Gives ₦4bn Assets to Loyal Managers
Cosgrove Investment transfers ₦4 billion in real estate to management staff as a long-term reward. Chairman Umar Abdullahi says it's about sustainable wealth, not short-term cash. #Nigeria #Business
Tinubu cancels $1.42bn NNPC debt to Federation Account
President Bola Tinubu has approved the cancellation of $1.42 billion in legacy debts owed by NNPC Ltd to the Federation Account. Learn the details and implications of this major financial decision.
New Tax Law May Send Domestic Airfares to N1 Million
Air Peace CEO Allen Onyema warns that new tax provisions could push domestic flight fares beyond ₦1 million, threatening airline collapse. He calls for urgent government intervention.
Stakeholders Seek Stronger Actuarial Foundation for Insurance Growth
Nigerian insurance leaders call for enhanced actuarial capacity to improve risk management and increase insurance penetration. A recent Lagos workshop highlights the critical need for investment in local expertise.
Investors' Wealth Up N953bn as Yuletide Rally Continues
Nigerian equity investors gained N953.4 billion last week as a sustained yuletide rally pushed market capitalisation to N97.89 trillion. Discover the sectors and stocks driving the bullish trend.
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RusselSmith Fully Repays N3bn Series 1 Commercial Paper
RusselSmith Nigeria Limited has successfully repaid its N3 billion Series 1 Commercial Paper, fulfilling all investor obligations on schedule. This milestone reinforces its credibility in Nigeria's capital markets. Discover the details.
Nigeria Misses 2025 Broadband Target, New Plan in Works
Nigeria falls short of its 70% broadband penetration goal for 2025, reaching only 50.58%. The NCC confirms a new five-year plan is underway, focusing on satellite technology to bridge the digital divide. Read more.
Travel Expert: Leisure Breaks Vital for Health, Productivity
Roaming Travels CEO advises Nigerians to embrace affordable local leisure breaks to combat stress and boost wellbeing. Discover how simple getaways can refresh your mind.
Lagos, NIOB Partner on Physical Planning & Safety
Lagos State Government commits to a strategic alliance with the Nigerian Institute of Building to enforce planning laws, ensure professional standards, and prevent structural failures. Learn how this move aims to protect lives and property.
GEF stakes $372m on Nigeria, Africa environmental projects
The Global Environment Facility approves over $372 million to tackle urgent environmental issues in Nigeria and other nations. The funding targets biodiversity, climate change, and pollution.
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Developer Tolu Bawa-Allah on Quality Real Estate in Lagos
Prindex Properties MD, Tolu Bawa-Allah, emphasizes unwavering quality in Lagos real estate and strategic partnerships to combat inflation. Explore the Apple Place Apartments showcase in Agungi, Lekki.
Data Centre Sector is Nigeria's Fastest-Growing Construction Asset
Nigeria's data centre capacity is set to explode from 56.1MW to over 218MW by 2030, making it the hottest asset in construction. Discover the driving forces and the contrasting trends in residential real estate.
Nigeria Seeks Private Sector Support for Biodiversity Plan
Nigeria intensifies efforts to save its rich biodiversity, urging businesses to act under the new National Strategy. Experts warn of severe threats to food security and the economy. Read more.
Expert Calls for FG Action on Energy Efficiency Policies
Dr Romanus Osabohien urges Nigerian govt to implement energy efficiency policies to tackle insecurity, climate change & economic volatility. Read key insights from his new book launch.
Abuja Estate Accuses Developer of Regulatory Violations
Residents of Abuja's Blue Fountain Estate allege developer violated FCT housing rules, mismanaged billions, and created safety risks. They call on Minister Wike to intervene.
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AIICO Insurance Repositions Brand for Market Growth
AIICO Insurance Plc has launched a refreshed brand identity to drive innovation and expand its market reach in Nigeria. The move aims to rebuild public confidence and cater to a younger, tech-savvy customer base. Read more.
Cross River Flags Off 2025 Bikers Carnival
Cross River State Governor Bassey Otu reaffirms safety and tourism commitment as the 2025 Bikers Carnival kicks off in Calabar. International dignitaries and a diasporan witness the spectacle.
SEC: Over ₦753bn Raised via Commercial Paper Issuance
SEC DG Dr. Emomotimi Agama reveals Nigerian firms raised over ₦753bn in commercial papers from April to October 2025, signaling strong investor confidence and market resilience. Discover the key drivers and future outlook.
Patriots Back NASS, Dismiss Tax Act Alteration Claims
A coalition, The Patriots, refutes allegations of post-passage changes to the Tax Acts 2025. They support the National Assembly's re-gazetting decision, calling it lawful and transparent. Read their full statement.
Nigeria Has World's Cheapest Domestic Fares - AirPeace
AirPeace Chairman Allen Onyema claims Nigerians pay the world's lowest domestic airfares, with tickets under $60, explaining high airline mortality rates. Discover the full story.
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Nigeria's 2026 Tax Reform: Truth vs. Viral Lies
As Nigeria's new tax law takes effect Jan 1, 2026, we separate fact from fiction on income tax, bank alerts, and gifts. Most Nigerians will pay less or nothing.
CPPE: Nigeria's GDP to Grow 4.5% in 2026
The Centre for the Promotion of Private Enterprise forecasts Nigeria's GDP growth between 4.0% and 4.5% in 2026, citing cautious optimism. Read the full economic outlook.
NIRSAL Guarantees Over ₦100bn for Farm Loans in 2025
NIRSAL Plc has guaranteed over ₦100 billion in agricultural loans for 2025, a record high. Discover how this is boosting lender confidence and transforming Nigeria's agribusiness sector.
20th Carnival Calabar kicks off with all 36 states
The 20th Carnival Calabar has begun, featuring all 36 Nigerian states. Explore the 'Traces of Time' theme, cultural displays, and massive economic impact. Join the celebration!
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
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T2 Rebrand Fails, Loses 2,664 Subscribers in 3 Months
Fresh NCC data reveals T2, formerly 9mobile, continues to hemorrhage subscribers despite rebrand and MTN deal. Over 28,000 left in 2025. Read the full breakdown.
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