Lagos Tax Reform: Most Taxpayers to Pay Less or Zero
Lagos State Internal Revenue Service analysis shows over 98% of taxpayers will pay reduced or zero tax under new regime, with exemptions for low-income earners and minimum wage workers.
Category : Business
REA, Lotus Bank Launch Renewable Energy Funding Facility
The Rural Electrification Agency partners with Lotus Bank to establish a dedicated renewable energy funding facility under the DARES programme, shifting from isolated projects to structured financing.
CBN Plans New ATM Rules to Improve Cash Access
The Central Bank of Nigeria will introduce regulations requiring banks to align debit card issuance with ATM capacity to reduce downtime and restore confidence in electronic payments.
Lady Demands Ban on New Tax Law After N70 Deduction
A Nigerian woman has called on the government to ban the new tax law after N70 was deducted from her account during a transfer, calling the policy unnecessary and burdensome.
Solar System Fire Destroys Nigerian Man's House
A Nigerian man's solar energy installation exploded, causing significant fire damage to his newly built home. The viral video shows charred remains and raises safety concerns about solar system installations.
Khaby Lame's $900M Deal: From TikTok Star to Paper Billionaire
Khaby Lame's $900 million deal with Rich Sparkle Holdings makes him a 'paper billionaire' through stock, not cash, and introduces his AI digital twin for 24/7 global commerce.
NNPC Confirms New Oil Well Discovery in Niger Delta
The Nigerian National Petroleum Company Limited has confirmed a significant new oil well discovery in the western Niger Delta through its joint venture with Chevron Nigeria Limited.
Achimugu Empowers Women, Donates Oxygen to Abuja Hospital
SAM Empowerment Foundation trains over 100 women and disabled individuals in vocational skills while donating oxygen cylinders and covering medical bills at National Hospital Abuja.
Dangote Refinery Shifts to Lighter Crude During RFCC Shutdown
Dangote Refinery switches to lighter crude oil grades to maintain operations as its critical RFCC unit faces prolonged downtime, impacting petrol production capacity and increasing fuel imports.
NNPC Reduces Petrol Price to N740 in Lagos
The Nigerian National Petroleum Company Limited has reduced petrol pump prices to N740 per litre in Lagos, matching Dangote Refinery's rates. NMDPRA predicts further price drops nationwide.
Gold Hits Record $5,100 as Investors Seek Safety
Gold prices surged to an unprecedented high above $5,100 per ounce, driven by geopolitical tensions, U.S. policy concerns, and strong central bank demand, marking a 64% annual gain.
LIRS: Fake Tax Transactions Face Penalties from 2026
Lagos State Internal Revenue Service warns taxpayers against artificial transactions to reduce tax liabilities under NTAA 2025, with penalties effective January 2026.
Nigeria's African Exports Jump 14% to N4.82 Trillion
Nigeria's exports to African countries increased by 14% year-on-year to N4.82 trillion in the first half of 2025, with West Africa dominating as the primary destination.
Dogara: Nigeria's Economy on Right Track
Former House Speaker Yakubu Dogara asserts Nigeria's economy is progressing under Tinubu's leadership, though citizens may not yet feel the benefits of ongoing reforms.
Nigerian Man's Salary Rises Due to New Tax Reform
A Nigerian cybersecurity analyst shares how the 2026 tax laws increased his monthly salary by N3,500 through tax reduction, sparking mixed reactions online.
DisCos Question FG's Free Meter Policy Over Cost Concerns
Electricity distribution companies have raised concerns about the federal government's directive for free prepaid meters, highlighting unclear funding for procurement and installation.
Kano Blackout: Businesses Count Losses Amid KEDCO Strike
A strike by KEDCO unions has plunged Kano into darkness, causing severe economic disruption as fish vendors and bakeries report massive losses from spoiled goods.
Naira Falls to N1,421.63/$: Analysts Predict FX Pressure
The Nigerian naira weakened across official and parallel markets as FX demand outstrips supply. Analysts from AIICO Capital and Cowry Assets forecast continued pressure despite rising external reserves.
CBN, NIBSS List 13,417 Fraud Suspects on New Portal
Nigeria's financial regulators intensify anti-fraud efforts with 13,417 individuals listed on central Person of Interest Portal. Fraud losses surged to N52.26 billion in 2024 despite declining cases.
US Private Jet Crash: 8 On Board in Maine Storm
A Bombardier Challenger 650 carrying eight people crashed during takeoff at Bangor International Airport amid heavy winter storm conditions, prompting emergency response and investigation.
Nigeria's Youngest Billionaires: Fortunes Under 50
Discover Nigeria's youngest billionaires, from tech founders like Iyinoluwa Aboyeji to media giants like Linda Ikeji, with net worths ranging from $1.5 million to $6 billion in 2026.
Private Jet Crashes at Maine Airport in Snowstorm
A Bombardier Challenger 600 private jet carrying eight people crashed during takeoff at Bangor International Airport in Maine amid a severe snowstorm, with emergency services responding to the scene.
Lagos to Recover Unpaid Taxes via Banks, Tenants, Debtors
Lagos State Government implements aggressive tax recovery strategy using 'Power of Substitution' to collect unpaid taxes from third parties including banks, employers, and tenants.
Dogara: Nigeria on Right Track Despite Challenges
Former House Speaker Yakubu Dogara defends President Tinubu's economic reforms, acknowledging public hardship but insisting Nigeria is making progress.
US Snowstorm: 10,000 Flights Cancelled, 5 Dead in NYC
A deadly winter storm sweeping across the United States has resulted in five fatalities in New York City and forced the cancellation of approximately 10,000 flights nationwide, with millions under weather alerts and widespread power outages reported.
Lagos LIRS to Recover Taxes via Banks, Employers, Others
Lagos State Internal Revenue Service announces enforcement of tax recovery through third parties including banks, employers, and tenants under new tax law provisions.
Best Agriculture Careers in Nigeria: Courses & Opportunities
Discover the most promising agricultural career paths in Nigeria, including agribusiness management, agricultural engineering, and veterinary medicine. Learn which university courses to select for high-demand roles that drive economic growth and innovatio
Trippie App: Shark Tank Rejection to $3.5M Valuation
Trippie airport navigation app was rejected on Shark Tank but grew to cover 120 airports worldwide with $3 million revenue and $3.5 million valuation by 2025.
Nigerian Sisters' Food Business Faces Poor Sales
Two Nigerian sisters who launched a food business together are lamenting poor sales despite significant financial investment, highlighting entrepreneurial challenges.
NGX Ends Week Lower as Market Capitalisation Declines
The Nigerian equities market concluded the trading week on a bearish note, with the All-Share Index and market capitalisation both recording declines. While Financial Services dominated activity, select sectors like Oil & Gas posted gains amid overall mar
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