New Tax Act Faces Hurdles, Says Business Leader
Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. Read the full analysis.
Category : Business
Eterna Plc Opens N21.52bn Rights Issue
Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.
Aviation gets N87.3bn in 2026 budget, FAAN excluded
Federal Government allocates N87.3 billion to Aviation Ministry in 2026 budget, a drop from 2025. Key projects include airport upgrades and a new Aerospace University. FAAN and NCAA are excluded as revenue-generating agencies. Read the full breakdown.
Drivers' Union Demands Refund from inDrive Over VAT
Nigeria's app-based transport union, AUATON, demands inDrive refund alleged illegal 7.5% VAT deductions from drivers' earnings. Calls for FIRS investigation and policy review.
COP30 Outcomes: Nigeria's Climate Finance Opportunity
NCF's Dr. Joseph Onoja analyses COP30 outcomes for Nigeria, highlighting climate finance, the Tropical Forest Forever Facility, and a just energy transition. Read how Nigeria plans to act.
Insurers Oppose Tax Exemptions for Foreign Companies
Nigerian insurance operators warn that a proposal to grant foreign insurers tax exemptions on local premiums could cripple domestic firms and undermine industry reforms. Read the full analysis.
Warri Monarch Warns Oil Firms Over Community Neglect
Olu of Warri, Ogiame Atuwatse III, warns Chevron and other oil companies that peace is unsustainable without justice after six decades of impoverishing host communities. Read the full story.
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
Jesse Cole's $500M Baseball Empire Built on a Gamble
How Jesse Cole turned a $4 million net worth into a $500 million entertainment empire with the Savannah Bananas. Discover the story behind Banana Ball and his family.
Nigeria mobilises private sector on $500bn biodiversity loss
Nigeria launches the Biodiversity Finance Initiative (BIOFIN) to mobilise public and private investments against an estimated $500 billion yearly loss from biodiversity decline. Learn how this partnership aims to align economy with conservation.
Non-Interest Banks: Only 1.7% of Nigeria's Banking System
Despite over a decade of support, non-interest banks in Nigeria account for a mere 1.7% of the sector. An expert blames low awareness and misconceptions. Read more on the future of ethical finance.
NGX Investors Gain N3.84 Trillion in a Week
The Nigerian equities market surged in the second week of 2026, with market cap rising by N3.84 trillion. Discover the top gainers and sector performance driving this rally.
Stock Market Rises 1.92%, Trades N134bn in Bullish Week
The Nigerian stock market closed higher this week, with the ASI gaining 1.92% and market cap hitting N99.9tn. Investors traded 7.8bn shares worth N134.5bn. Read the full analysis.
FG Demands Ban on Wooden Boats for Commercial Transport
The Federal Government calls on states to ban unsafe wooden boats for water transport, advocating for modern fibre and aluminium alternatives to prevent tragic accidents. Read more.
₦140m NASENI Innovation Competition for Nigerian Youths
The Federal Government launches the InnovateNaija Challenge with a ₦140 million prize pool. Young innovators can win grants up to ₦100m. Apply now to solve Nigeria's economic challenges.
Tinubu Hails Otedola, Elumelu for Landmark Energy Deals
Wale Tinubu commends Femi Otedola and Tony Elumelu for major transactions reshaping Nigeria's energy sector. Otedola's Geregu Power exit and Heirs Energies' Seplat stake acquisition signal strong investor confidence. Read more.
Aviation sector allocated N87.3bn in 2026 budget
Federal Government allocates N87.3bn to Aviation Ministry and four agencies in 2026 Appropriation Bill. FAAN, NCAA excluded as revenue-generating bodies. Three major projects get N10bn funding.
FG Places 103 Loan Apps on Watch List, Delists 45
The FCCPC has placed 103 digital loan apps on a regulatory watch list and delisted 45 others. This move aims to protect consumers from data abuse and harassment. Verify app status before borrowing.
Nigeria's 2026 Tax Reforms: Exemptions & New Rules
Nigeria's new tax laws effective Jan 1, 2026 bring major changes. Union Bank explains the ₦800k exemption, residency rules, and new penalties. Learn how it affects you.
Fuel Prices Drop to N710/Litre After Dangote Deal Collapse
Nigerian petrol depot prices plummet to N710 per litre following the collapse of Dangote Refinery's supply deal with marketers. Experts predict further drops as competition and global oil prices intensify. Read more for full analysis.
NASFAT Summit Links New Tax Law, Faith & Economic Growth
At its Lagos summit, NASFAT urged Nigerians to embrace the new tax laws as tools for fairness and development. Experts from KPMG and Alternative Bank explained the reforms and Shariah-compliant finance.
Naira Records First Weekly Gain of 2026 as CBN Boosts FX Supply
The Nigerian naira appreciated by N7.68 in its first weekly gain of 2026, driven by improved dollar liquidity and stronger Central Bank interventions. Analysts see potential for stability.
22 Banks Secure as 2026 Recapitalization Deadline Nears
As the March 31, 2026 deadline looms, 22 of 34 Nigerian banks have secured their licenses under new CBN capital rules. Find out which banks are safe and what mergers are reshaping the sector.
FG Releases 2026 Approved Loan Apps List
Discover the top 10 loan apps in Nigeria for 2026 as the FCCPC releases its approved list of 457 digital lenders. Compare interest rates, loan amounts, and key borrowing tips.
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Weird Nigerian Businesses That Made Millions
From mobile toilets to unbranded perfumes, discover 9 unusual Nigerian business ideas that generated millions by creatively solving common problems. Learn why they succeeded.
MRS Displaces NNPC as Nigeria's Cheapest Petrol Seller
MRS Oil Nigeria, backed by Dangote Refinery, now sells petrol at N739/litre, undercutting NNPC's prices. This marks a major shift in Nigeria's downstream fuel market dominance. Discover the new pricing landscape.
Ethiopia starts building Africa's biggest $12.7bn airport
Ethiopia has launched construction of a $12.7 billion mega-airport in Bishoftu, designed to handle 110 million passengers annually. The project aims to cement the country's status as Africa's premier aviation hub. Read more about this historic infrastruct
Dangote Refinery Blames Ex-NMDPRA for Petrol Import Spike
Dangote Refinery denies supply breakdown with marketers, accuses former NMDPRA leaders of licensing excessive petrol imports in late 2025. IPMAN supports local refinery capacity.
Oyedele faults KPMG report on Nigeria's new tax laws
Taiwo Oyedele clarifies Nigeria's new tax laws, countering KPMG's report. He explains policy intent behind capital gains, FX deductions, and defends reforms designed to strengthen the Naira and protect local industries.
Taraba Boosts Livestock Sector with New Facilities, Assets
Taraba State commissions vital livestock infrastructure and distributes assets to farmers under the World Bank's L-PRES project, aiming to enhance food security and economic growth. Read more.
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