Dangote Refinery Bypasses Depots, Sells Petrol Directly
Dangote Refinery now sells petrol directly to independent marketers, slashing prices to N699/litre after a pricing dispute with depot owners. This major shift boosts competition and supply.
Category : Business
NCAA Plans Tougher Penalties for Flight Delays
Nigeria's aviation regulator, the NCAA, announces plans for stricter penalties against domestic airlines due to persistent flight delays and poor communication, citing 756 delays in Q3 2025. Learn about the new enforcement framework.
FG Prioritises Housing Project Completion for 2026 Legacy
The Federal Government vows to complete all ongoing housing projects in 2026, focusing on the Renewed Hope Cities. Minister Ahmed Dangiwa calls it a 'defining year' for affordable housing delivery.
NCC, CBN Secure Over N10bn Refunds for Failed Airtime
Nigerian telecoms regulator NCC reveals banks and telcos have refunded over N10bn for failed transactions. A new joint framework with CBN promises refunds within 30 seconds from March 2026.
NCC, CBN Order 30-Second Refunds for Failed Airtime
Nigerian telecom operators must now refund failed airtime and data purchases within 30 seconds. A new framework by NCC and CBN introduces a central dashboard for real-time monitoring.
12 Nigerian banks yet to meet CBN recapitalisation deadline
With the March 31 deadline looming, at least 12 Nigerian banks are struggling to meet the CBN's new capital requirements. Discover the full list and potential outcomes for the banking sector.
Full List: FG Approves Over 400 Loan Apps for 2026
The FCCPC has published its 2026 register of approved digital lenders. See the full list of over 400 compliant apps and protect yourself from illegal operators.
AlphaESS Opens Nigerian Subsidiary for Energy Transition
AlphaESS inaugurates its Nigerian subsidiary, committing to local support and long-term partnership to accelerate Nigeria's renewable energy transition. Learn about the new 'Shine 30·30·30' ESG initiative.
KPMG Flags Major Errors in Nigeria's New 2026 Tax Laws
KPMG Nigeria identifies four major errors and gaps in Nigeria's new 2026 tax laws, warning they could create confusion, disputes, and hinder compliance. Urgent clarifications are needed.
CBN Predicts N950 Fuel Price for 2026
The Central Bank of Nigeria projects petrol prices will hover around N950 per litre in 2026, based on oil prices and forex. This is higher than current rates set by Dangote Refinery. Read the full analysis.
FG Opens Artificial Insemination Centre in Sokoto
The Federal Government commissions a Livestock Development and Artificial Insemination Centre in Sokoto to enhance genetics, food security, and create jobs. Read more.
Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
Govt Blacklists 45 Illegal Loan Apps in 2026 Crackdown
The FCCPC has blacklisted 45 illegal digital lending apps in Nigeria for predatory practices. Learn the full list and how to stay safe from harassment and data theft.
Nigeria Gets 24-Hour Unmanned Fuel Stations
A.A. Rano Nigeria Limited unveils automated fuel stations nationwide, partnering with Petrosoft for smart pump tech. Motorists can now refuel and pay instantly, 24/7. Discover how this innovation boosts transparency and efficiency.
NCAA Threatens Airlines Over Persistent Flight Disruptions
The NCAA warns domestic airlines of stiffer penalties for persistent flight delays and cancellations. Actress Bolaji Ogunmola shares ordeal of being stranded for 24 hours, missing film shoot.
Energy Emerges as Decisive Factor in Global AI Race
The global AI race is pivoting from chips to energy. With data centres demanding massive power, reliable electricity is now the key advantage. See how the US, China, and Europe are positioned.
New Tax Laws: Experts Warn of Disputes, Capital Flight
KPMG warns Nigeria's new tax laws contain gaps and ambiguities risking disputes and capital flight. Budget Office DG and ex-CBN deputy governor defend the reforms, saying they protect the poor.
UBA Exceeds CBN Capital Requirement with N157.84bn Rights Issue
United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
Nigeria's Fish Production Jumps 300,000MT in 2025
Nigeria records a 300,000MT surge in fish production in 2025, breaking a decade-long stagnation. The Ministry of Marine and Blue Economy credits reforms and aims to cut import dependence. Read more.
DMO raises N1.14trn in 2026's first Treasury Bills auction
Nigeria's Debt Management Office secured N1.144 trillion at its first Treasury Bills auction of 2026, with stop rates rising. Meanwhile, a UN report projects global economic growth at 2.7% for the year. Read the full analysis.
Obi Laments Rising Poverty Amid Political Power Struggles
Peter Obi decries Nigeria's deepening poverty crisis, with 62% now living in hardship. He urges urgent reforms in agriculture, education, and job creation. Read more.
Uganda Airlines Abandons Passengers in Lagos Again
Uganda Airlines has left passengers stranded at Lagos MMIA for a week without notification. This is the second such incident in weeks, raising serious concerns about its operations.
NCC, CBN Launch 30-Second Refund Plan for Failed Airtime
Nigerian regulators NCC and CBN have launched a new framework mandating refunds within 30 seconds for failed airtime and data transactions. Implementation starts March 1, 2026. Read the full details.
Tinubu Rallies Investors After NGX Hits N100 Trillion
President Bola Tinubu celebrates the Nigerian Exchange surpassing N100 trillion market cap, hailing it as a new economic dawn. He urges investors to deepen stakes in Nigeria's thriving capital market.
Where is Harmattan? Nigeria's Vanishing Cold Season
Unprecedented heat replaces Nigeria's harmattan season, raising urgent climate questions. Experts warn of environmental shifts and call for immediate action. Read the full analysis.
5 Northern States Adopt New National Tax Reforms
Jigawa, Plateau, Kogi, Nasarawa, and Kwara states are implementing new harmonised tax laws to boost IGR, curb multiple taxation, and create a business-friendly environment in line with President Tinubu's fiscal agenda.
Nigeria Reviews Tariffs to Support Local Manufacturers
The Federal Government has begun a review of Nigeria's tariff framework to strengthen industrial competitiveness and reduce production costs for domestic manufacturers. Read more.
BVN Hits 67.8m, Bank Accounts 325.6m in Nigeria
Nigeria's BVN database grows to 67.8 million, a 6.8% yearly increase. Active bank accounts now stand at 325.6 million, showcasing financial inclusion progress. Read the full analysis.
Expert: Consumer Credit Key to Boosting Local Production
Aviation expert Capt. Samuel Caulcrick urges expansion of consumer credit for local goods to stimulate production, create jobs, and curb imports. Discover his economic strategy.
Realtor Advocates Staff Housing as Employment Benefit
Dr. Meckson Okoro urges policy shift for companies to provide housing via Renewed Hope Estates, using FMBN funding. New MoU signed for estates in Abuja, Kano, and Lagos.
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