Taxtech: New Law Raises Low-Income Spending Power
Taxtech explains Nigeria's new progressive tax law: minimum wage earners pay zero tax, low-income workers see lower rates, boosting purchasing power. High earners pay more.
Category : Business
Navy Officer, Pilot Presumed Dead in New Orleans Lake Crash
A US Navy officer and a female flight instructor are presumed dead after their Cessna Skyhawk crashed into Lake Pontchartrain. Search operations have been suspended. Read the full story.
Cooking Gas Price Rises to N820/kg After Dangote Refinery Hike
Dangote Refinery increases cooking gas price to N820 per kg, triggering nationwide retail hikes just before Christmas. Analysts question the move amid favourable global oil trends. Read more.
Rice Price Crashes to N60,000 Bag Ahead of Christmas
Nigerians get festive relief as rice prices drop significantly. A 50kg bag now sells for around N60,000 due to improved local harvests and border reopening. Read more.
Airbus Confirms Quality Issue on A320 Aircraft Panels
Airbus detects a 'supplier quality issue' on some A320 metal panels, causing a stock plunge. This is the second problem for the jet in a week. Read the full details and market impact.
CPPE Slams Senate Over Proposed Beverage Tax Hike
The CPPE warns that the Senate's plan to increase excise duty on non-alcoholic drinks is economically disruptive and threatens jobs. They urge its withdrawal. Read more.
UK Halts $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, paused after a deadly 2021 attack, faces new hurdles. Read more on the implications for Africa's energy sector.
UK Pulls $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.
Experts Urge Reforms to Stabilise Nigerian Economy by 2026
Finance experts at an ICAN event in Ibadan call for urgent policy reforms, economic diversification, and boosted local production to stabilise Nigeria's economy ahead of 2026, warning against inflation and oil reliance.
Manufacturing Tops Nigeria's VAT Revenue in H1 2025
Nigeria's manufacturing sector contributed N584.63bn to VAT revenue in the first half of 2025, leading all sectors despite economic challenges. Read the full NBS report analysis.
WIME Congratulates Nigeria on IMO Category C Re-election
Women in Maritime and Energy (WIME) celebrates Nigeria's re-election to IMO Council Category C, calling it a win for Africa's maritime leadership and a boost for the blue economy. Read more.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.
Nigeria loses $10b annually to post-harvest waste
Nigeria loses an estimated $10 billion yearly due to post-harvest losses, threatening food security. Expert Segun Alabi calls for urgent action on storage, processing, and turning waste into wealth.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
New Tax Law 2025: What Nigerian Workers Must Know
Nigeria's comprehensive Tax Act 2025 takes effect Jan 1, 2026. This guide explains new rates, deductions, and how to calculate your tax as a salary earner or freelancer.
Dangote Refinery Vows 1.5bn Litres Petrol Supply in December
Dangote Refinery commits to supplying Nigeria with 1.5 billion litres of petrol in December 2025, promising market saturation and price stability. Read the full details of their letter to regulators.
RMRDC 30% Value-Addition Law to Attract Investors
Minister Udeh says the RMRDC 30% Value-Addition Bill will boost Nigeria's economy, attract investors, and create jobs by mandating local processing of raw materials. Read more.
Naira Begins December Strongly Against US Dollar
The Nigerian Naira rebounds against the USD, closing at N1,446.74. CBN interventions and $20.98bn foreign inflows boost confidence. Experts predict stability ahead. Read more.
FG Bans Raw Mineral Exports, Mandates Local Processing
The Federal Government will stop the export of unprocessed minerals. A new bill requiring 30% local processing awaits President Tinubu's assent to boost jobs and the economy.
Japan's Oyster Crisis: 90% Die as Seas Warm
Massive oyster deaths in Japan's top farming region linked to rising sea temperatures from climate change. 90% losses reported, threatening exports. Read the full report.
Xiaomi Nigeria's Festive Sale: Big Discounts on Phones & Tablets
Xiaomi Nigeria launches its Christmas promotion with massive discounts on smartphones like the Redmi Note 14 series & a chance to win a trip to Europe. Shop deals from Dec 1-31 at authorized retailers.
Top 10 Nigerian Banks by Mobile App Downloads
Access Bank, First Bank, and UBA lead with over 10 million downloads each. Discover the full ranking of Nigeria's most downloaded banking apps and their ratings. #DigitalBanking #Fintech
Best Gift Card Rates in Nigeria 2026
Discover the 2026 gift card rates in Nigeria. Find out which cards like Razer Gold, Steam, and Apple iTunes pay the most and why platforms like GiftCardsToNaira are preferred for fast cash conversion.
Dangote Slashes Petrol Price to N840/Litre for Christmas
Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.
How to Block Your Access Bank Account & ATM Card Now
Lost your Access Bank card? Act fast! This guide details immediate steps to block your account via USSD *901*911#, mobile app, WhatsApp banking, and more to prevent fraud.
EkoDubai Launches in Lagos for Dubai Property
EkoDubai officially launched in Lagos, creating a bridge for Nigerian investors to access Dubai's lucrative property market with VR tours and expert guidance.
Enugu Becomes Nigeria's Premier Investment Destination
Enugu State is fast becoming Nigeria's top investment hub due to improved security and infrastructure. SEBIS confirms rising investor interest. Discover opportunities now!
Nigeria Airlines Address A320 Recall, FG Demands Transparency
Aviation Minister Festus Keyamo directs Nigerian airlines to ensure full insurance compliance as operators allay fears over Airbus A320 software recall. Get the latest updates.
Accion MfB Opens 75th Branch in Kaduna to Boost Inclusion
Accion Microfinance Bank strengthens financial inclusion in Northern Nigeria with its 75th branch in Kaduna. The expansion brings affordable banking services to entrepreneurs and small businesses.
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