Accion MFB Calls for Urgent Reforms to Finance MSMEs
Accion Microfinance Bank pushes for digital onboarding and value-chain financing to unlock credit for Nigeria's informal sector, crucial for 80% of jobs. Read the key reforms needed.
Category : Business
Nike Shares Slump After China Sales Drop 17%
Nike's quarterly profits fell 32% due to weak China sales and US tariffs. CEO promises a 'new approach' to revive the brand. Read the full analysis.
China Taxes Contraceptives as Births Plummet
China will tax condoms and contraceptive drugs from 2026 to encourage childbirth as births fall. Experts warn of risks like unplanned pregnancies. Read more on this policy shift.
Fatal Plane Crash at Statesville Airport, North Carolina
A Cessna Citation crashed while landing at Statesville Regional Airport, resulting in fatalities. FAA is investigating the incident. Get the latest details here.
Controversy Hounds Nigeria's 2026 Tax Reform Implementation
Nigeria's ambitious tax reforms set for January 2026 face fierce opposition over alleged post-passage alterations, constitutional breaches, and public mistrust. Will the promises hold?
Ondo Deep Sea Port Receives Revalidated Licence
Ondo State secures revalidated licence for its deep-sea port, a major hub set to serve Nigeria and West Africa with 18-metre depth for large vessels. Read more.
Makinde opens Omololu Olunloyo relaxation park in Ibadan
Oyo State Governor Seyi Makinde has commissioned the Omololu Olunloyo relaxation park in Ibadan. The facility aims to promote tourism and preserve cultural heritage. Read more about this new landmark.
Customer Threatens Banker Over New Tax Deductions
A Nigerian banker's screenshot of a customer's threatening message over new tax laws has gone viral, sparking reactions online. See the full story and public response.
Argentine Unions Protest Milei's Labour Law Overhaul
Thousands protest President Javier Milei's labour reforms in Argentina, which unions say erode workers' rights. The bill aims to boost formal hiring but faces fierce opposition.
SkyFots: Nigerian Startup Turns Lost Parcel into Logistics Success
Fisayo Somide turned the frustration of a lost parcel into SkyFots Global Logistics, a company achieving record turnover in 2025 by prioritizing trust and transparency in shipping for Nigerians.
Clean Energy Improves Lives of 1 Million Nigerians
A new report reveals strategic clean energy investments have powered over 230,000 Nigerian homes and businesses, improving health and economic prospects. Discover the impact.
PDP Seeks Probe of Alleged Fraudulent Tax Law Changes
The PDP calls for an urgent investigation into alleged unauthorized changes to Nigeria's Tax Act, warning it threatens legislative integrity. The party demands a 6-month delay in the law's implementation.
Senators Celebrate Exit of Petroleum Regulators, Demand Change
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
Nigeria Bans Wood Export to Curb Deforestation
The Federal Government has imposed an immediate ban on wood and charcoal exports, revoking all licenses to protect Nigeria's forests. Learn the details and legal backing of this decisive environmental move.
Nigeria Re-elected to ICAO PKD Board for Sixth Term
Nigeria has been re-elected to the ICAO Public Key Directory Board for a sixth consecutive term, a testament to its technical expertise and commitment to global aviation security standards. Read more about this diplomatic achievement.
Northern Elders Back FIRS, Tinubu Reforms, Reject NEF
A new Northern elders' group rejects NEF's criticism of FIRS and Tinubu's economic reforms, praising revenue gains and transparency. Read their full statement.
New Platform Aims to Structure Nigeria's Informal Beauty Sector
Tech entrepreneur Bibi Olunuga unveils Bewdy, a digital platform designed to bring structure and scalability to Nigeria's vast informal beauty services industry. Discover how it empowers professionals.
Fuel Prices Drop: NNPC, MRS, Others Announce New Rates
NNPC, MRS, and Ardova have reduced petrol pump prices across Nigeria, with cuts up to N80 per litre, following Dangote Refinery's major price review. Discover the latest rates in Lagos and Abuja.
SMEDAN Seeks CBN License for New Microfinance Bank
SMEDAN applies to CBN to launch a microfinance bank for direct SME funding. Agency also targets formalising one million businesses and unveiling a new MSME policy in 2026.
Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
Tinubu Names New NERC Board, Oseni as Chairman
President Bola Tinubu has reconstituted the NERC board with Dr. Mulisiu Oseni as Chairman. The new team is tasked with implementing the Electricity Act 2023 to transform Nigeria's power sector. Read the full details here.
Customs Slaps Banks with Penalty for Late Revenue Remittance
The Nigeria Customs Service warns designated banks over delayed remittance of collected revenue. Defaulters face a penalty interest of 3% above NIBOR. Details inside.
Customs Imposes 3% Penalty on Banks for Late Duty Remittances
The Nigeria Customs Service announces a 3% penalty for banks delaying stamp duty remittances. Defaulters risk public exposure and deactivation from the B'odogwu platform. Read the full details.
Trump Media Merges with Fusion Firm in $6B Deal
Trump Media announces a $6 billion merger with TAE Technologies, pivoting to fusion energy to power AI. Share price surges 25%. Full details inside.
CGIN Bill to Reposition ICSAN, Expand Professionalism
ICSAN President Uto Ukpanah reveals the Chartered Governance Institute of Nigeria Bill will reposition the institute and expand members' roles in governance, compliance, and risk oversight. Learn about the progress.
Kebbi Govt Downplays Insecurity, Woos Investors
Kebbi State Government assures investors of a stable environment for business, highlighting strong regulations and key sectors like energy and agriculture. Dr. Mohamed Kamba says insecurity is exaggerated.
UAE invests $6bn in Africa's tourism sector
The UAE announces a massive $6 billion investment plan for African tourism development, targeting aviation, infrastructure, and digital projects. Learn how this partnership aims to create thousands of jobs.
US Inflation Cools Unexpectedly in November
US consumer inflation slowed to 2.7% in November, below forecasts. The data, delayed by a government shutdown, shows easing price pressures despite earlier tariff impacts. Read the full analysis.
Ibom Air International Flights Start April 2026
Ibom Air is set to commence international operations from Victor Attah Airport, Uyo, in April 2026. The move follows key upgrades and marks a major milestone for Akwa Ibom State's aviation sector.
Bank of England Cuts Interest Rate to 3.75%
The Bank of England has cut its key interest rate to 3.75% after UK inflation eased faster than expected. Governor Andrew Bailey confirmed the move, marking the sixth reduction since August 2024. Read more for the full analysis.
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