Nigeria's 10% Rent Tax Creates Middle-Class Confusion
A new 10% withholding tax on rents over ₦2m has landed in mailboxes, causing panic. Experts warn of confusion and inflation as the Tinubu administration's tax reform rollout falters. Read more.
Category : Business
Nigeria, 5 African Countries Delisted from EU High-Risk List
The EU has removed Nigeria and five other African nations from its financial high-risk list, following successful AML/CFT reforms and FATF delisting. This move is set to boost trade and investor confidence from January 29.
Nigeria's Inflation Cools to 15.15% in December 2025
Nigeria's inflation rate fell significantly to 15.15% in December 2025, down from 34.80% a year earlier. While food inflation moderated, high living costs continue to squeeze household budgets. Read the full analysis.
SEC Increases Capital Base for Market Operators
Nigeria's SEC has significantly raised the minimum capital for capital market operators to boost market resilience. Issuing houses now need N7bn. Deadline is June 2027.
CBN Releases 2026 Savings Interest Rates for Nigerian Banks
The Central Bank of Nigeria has published the latest savings account interest rates. Discover which banks offer the highest returns and how the market averages 8% in 2026.
Dangote Refinery: Why MRS Sells Petrol at ₦739
Dangote Refinery clarifies it sells petrol uniformly to all marketers at ₦699. The ₦739 price at MRS stations is due to market competition, not preferential treatment. Read the full details.
Guide: How to Unshare Data on MTN Nigeria
Learn the reliable methods to unshare your MTN data and check if someone is using your bundle. Use USSD codes, the MyMTN app, or contact customer care to regain control.
Nigeria Removed from EU Financial High-Risk List
The EU has removed Nigeria from its high-risk money laundering list, boosting trade and investor confidence. This follows Nigeria's exit from the FATF grey list.
NESG Projects 5.5% Growth, 16% Inflation in 2026
The Nigerian Economic Summit Group projects economic growth of 5.5% and inflation of 16% for 2026, but warns a critical 18-month window exists to avoid policy reversals that could derail consolidation.
NAHCON's 20-Year Milestone: A Call for Hajj Sector Reform
As NAHCON marks 20 years, experts urge a shift from pilgrimage management to strategic economic planning. Nigeria's untapped Hajj & Umrah sector holds potential for billions in halal exports and job creation. The time for action is now.
Nigeria's Auto Sector: High Hopes for 2026 Amid Old Challenges
Nigeria's automobile industry faces 2026 with expectations for the NAIDP Act, local production, and EV adoption, but old hurdles like policy implementation and infrastructure remain. Will this be the year of transformation?
Over 20 Nigerian Banks Now Meet CBN Recapitalisation Target
More than 20 Nigerian banks, including Sterling Bank, FirstBank, and UBA, have successfully met the Central Bank's new capital requirements. Discover the impact on sector resilience and the economy.
How Tech Banking Drives Nigeria's $1 Trillion GDP Target
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic goals. Discover the role of digital finance.
NRS Says VAT on Bank Charges Not New, Implementation Delayed
The Nigeria Revenue Service clarifies that VAT on banking services is not new. Implementation of new tax laws is delayed due to gazette controversy. Get the full details.
Maritime Piracy Surges to 137 Attacks in 2025
ICC's IMB reports a sharp 18.1% rise in global piracy and armed robbery at sea in 2025, with 137 incidents. The Gulf of Guinea remains a hotspot. Read the full analysis.
NRS, Agents Clash Over 7.5% VAT on Bank Transfer Fees
The Nigeria Revenue Service clarifies VAT applies only to bank service charges, not customer transactions. Agents Association warns of financial inclusion setback. Get the full details.
How Nigeria's Reforms Impact West & Central African Economies
IFC's Dahlia Khalifa explains how Nigeria's private-sector-led reforms in energy and agriculture are boosting productivity and job creation, setting a regional example. Discover the economic ripple effects.
Ethiopian Airlines Starts Construction of Bishoftu Airport
Ethiopian Airlines begins building Bishoftu International Airport, a key project for African aviation and trade under AfCFTA. Phase one to open by 2030.
U.S. Visa Sanctions Cause Airline Passenger Drop in Nigeria
Foreign airlines face a sharp decline in passengers from Nigeria due to strict U.S. visa sanctions. Experts warn of a continued slump on key international routes. Read the full analysis.
New Fibre Feed Additive Cuts Livestock Mortality in Nigeria
A German company introduces ARBOCEL, an insoluble fibre concentrate, to Nigerian farmers. Proven to increase bird body weight and improve gut health, it tackles climate-related stress and boosts production profitability. Learn how this innovation transfor
Tax Reforms to Benefit Manufacturers, Improve Ease of Doing Business
Tax Reforms Committee Chairman Taiwo Oyedele assures manufacturers that new laws will cut costs and boost growth. Experts discuss compliance and investment opportunities at Lagos summit.
Land Reforms, Tech Vital for Nigeria's Smallholder Farmers
Agriculturist Eyitayo Raji calls for land policy reforms, gender inclusion, and tech adoption to empower smallholder farmers and tackle insecurity, outdated tools, and low profits.
NCAA Trains New Flight Standards Officers in Lagos
The NCAA has completed a mandatory 5-day training for new Flight Standards Group officers in Lagos, emphasizing technical proficiency and safety oversight. Read more on the agency's staff development drive.
NGX, DEG Target $3bn Climate Capital for Nigeria
NGX Group partners with Germany's DEG to unlock $2.5-$3.0 billion in climate-linked capital for Nigerian corporates. Learn how the CEO Roundtable aims to boost sustainability and investment.
Heirs Energies marks 5 years with major oil, gas production growth
Heirs Energies reports oil production doubled & gas tripled on OML 17 after five years, boosting Nigeria's domestic energy supply and power generation. Read the full report.
NSPRI Summer Class Aims to Curb Postharvest Losses
NSPRI's 'Catch Them Young' initiative trains 50 Lagos students in food preservation to tackle Nigeria's 30-50% postharvest loss. Learn how this shapes future agripreneurs.
Faith Leaders Call for Ethical Business Revolution in Nigeria
At MRIC 2026, scholars and CEOs urged integrating faith-based ethics into Nigeria's economy, proposing a Federal Ministry of Religious Affairs to oversee ethical commerce.
ICSAN Marks 60 Years of Shaping Corporate Governance
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) unveils plans for its 60th anniversary, focusing on deepening governance dialogue and policy influence. Read about their vision for Nigeria's future.
Lagos LIRS: Jan 31 Deadline for Employer Tax Returns
Lagos State Internal Revenue Service (LIRS) has restated the January 31, 2026, deadline for employers to file their 2025 yearly tax returns. Non-compliance risks penalties under the new NTAA law.
N2bn Budgeted Again for NCAT Decentralisation
The Federal Government has earmarked N2 billion in the 2026 appropriation bill to establish NCAT annexes in five zones, despite strong opposition from aviation experts who warn it threatens the college's excellence.
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