Business
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BOI announces N10bn loan to support female entrepreneurs
The Bank of Industry, BOI, has launched a special intervention programme, Project Guaranteed Loans for Women, GLOW, valued at ₦10…
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JUST IN: Reps pass Tinubu’s tax reform bills
The House of Representatives on Tuesday passed the four tax reform bills transmitted to the National Assembly in October 2024…
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Alleged ₦12.3bn fraud: Court orders arraignment of Otudeko, Onasanya, others
A Federal High Court sitting in Lagos on Monday ordered that the former chairman of First Bank of Nigeria Plc,…
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Collaboration is key to achieving digital inclusion – NCC boss Maida
On Thursday, March 13, Aminu Maida, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), emphasized the importance…
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Reps asks CBN to suspend increase in ATM withdrawal charges
The House of Representatives has urged the Central Bank of Nigeria, CBN, to suspend its directive increasing ATM withdrawal charges.…
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PETROAN chats with Nigeria’s oil minister regarding petrol price slash
On Monday, March 10, the Petroleum Products Retail Outlets Owners Association of Nigeria, or PETROAN for short, had a big…
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Cross River launches bold energy reform, creates 3 new electricity agencies
On Thursday, March 6, Cross River State made an exciting move to improve its energy sector by creating three new…
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First Bank gets approval to build 43-storey headquarters in Lagos
Governor Babajide Sanwo-Olu of Lagos on Wednesday approved the construction of First Bank’s 43-storey building headquarters within the Eko Atlantic…
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Nigeria loses N120 billion to illegal charter operations, aviation experts call for action
A newly released report by the Ministerial Task Force on Illegal Private Charter Operations has revealed that Nigeria has lost…
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FAAC disburses N1.703 trillion to FG, states, LGs from N2.64tn January revenue
The Federation Account Allocation Committee (FAAC),on Thursday disbursed a total sum of N1.703 trillion to the three tiers of government…
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Nigeria, Saudi Arabia sign deal to boost $7.7trn Halal economy
The Federal Government has inked a deal with Saudi Arabia’s Halal Products Development Company (HPDC) to make Nigeria a leading…
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IPMAN delays nationwide shutdown as talks progress on N100bn claim
On Thursday, February 27, 2025, the Independent Petroleum Marketers Association of Nigeria (IPMAN) gave an update on their planned nationwide…
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Nigerian government plans to review electricity tariffs for fairness
On Thursday, February 27, 2025, the Nigerian government confirmed plans to review electricity tariffs to make the system fairer for…
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Akpabio: Less than 30% of Nigerians pay tax, yet all demand infrastructure
The Senate President, Godswill Akpabio, on Monday said not up to 30 percent of Nigerians pay tax to the government…
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5 candidates cleared for AfDB presidency race – Committee
The race to lead the African Development Bank, AfDB, has officially begun with the release of the list of candidates…
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Court Orders Final Forfeiture Of $4.7m, ₦830m, Properties Linked To Emefiele
The Federal High Court in Lagos has ordered the permanent forfeiture of $4.7 million, ₦830 million, and multiple properties linked…
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Trump threatens 25% tariffs on imported cars, pharmaceutical, and semiconductors
U.S. President Donald Trump escalated his trade offensive on Tuesday, announcing plans to impose 25 percent tariffs on imported cars,…
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Senate begins public hearing on Tax Reform Bills February 24
The Senate will begin a two-day public hearing on the four tax reform bills presented by President Bola Tinubu to…
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FG targets 10 million new jobs as Nigeria leads Africa’s digital trade revolution
On Wednesday, February 19, 2025, Nigeria was officially named Africa’s Digital Trade Champion, a role expected to create over 10…
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Nigeria sues Binance for $81.5 billion over economic damage, unpaid taxes
On Wednesday, February 19, the Federal Government of Nigeria filed a lawsuit against Binance, one of the biggest cryptocurrency exchanges…
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Lagos Lawmakers Praise LIRS for Record-Breaking Revenue Performance
Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue…
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Anambra Government kicks off young farmers forum to boost food production
The Anambra State government is taking a big step to help young people get involved in farming with the launch…
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CBN defends new ATM withdrawal charges, says policy benefits banks and customers
The Central Bank of Nigeria (CBN) has justified its new policy imposing charges on cash withdrawals from Automated Teller Machines…
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Senate passes N54.9trn 2025 Appropriation Bill
The National Assembly on Thursday passed the N54.9 trillion 2025 Appropriation Bill. This followed the adoption of the report of…
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Breaking news: Power grid shuts down across the country
On Wednesday, February 12, 2025, just before noon, the country's power grid collapsed, causing electricity outages in several areas. The…
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Nigerian Customs bows to pressure, suspends implementation of 4% FOB charge
The Nigeria Customs Service, NCS, has suspended implementation of the 4 per cent charge on the Free On-Board, FOB, value…
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CBN introduces N100 fee for ATM withdrawals
The Central Bank of Nigeria, CBN, says it has eliminated the three free monthly withdrawals transaction fees for customers using…
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Nigeria to host 2025 Afreximbank annual meetings
The Federal Government and African Export-Import Bank (Afreximbank) on Tuesday signed the Agreement for Nigeria to host the 32nd Afreximbank…
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NNPCL under pressure to lower petrol prices after Dangote Refinery cuts costs
The Nigerian National Petroleum Company Limited (NNPCL) is facing pressure to reduce petrol prices as MRS Filling Station, in partnership…
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N500m subsidy: Poultry farmers project drop in egg prices
The Poultry Association of Nigeria, PAN, Lagos State chapter, has projected a drop in the price of eggs with the…
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Tinubu Increases 2025 Budget To ₦54.2tn
President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by…
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CBN introduces new FX sales to BDCs
The Central Bank of Nigeria, CBN, has issued new guidelines restricting Bureau de Change, BDC, operators to purchasing foreign exchange…
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Nigerian Customs imposes 4% charges on Free-On-Board imports
The Nigeria Customs Service, NCS, is implementing a 4 per cent charge on the Free On-Board value of imports. The…
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Naira depreciates by 1.4% as CBN extends FX sales deadline
The naira depreciated at the official market on Monday, trading at N1,495.60 to a dollar. Data from the FMDQ Security…
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Dangote Refinery crashes petrol price to N890 per litre
Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol, from N950 to N890,…
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Zulum calls for large-scale irrigation to address food insecurity in Lake Chad basin
Borno State Governor, Professor Babagana Umara Zulum, has called for the establishment of large-scale irrigation farms as a key solution…
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Governor Uba Sani releases N548 Million to Kaduna NUT, resolving long-standing dispute
Governor Uba Sani of Kaduna State has ordered the immediate release of N548 million to the Nigerian Union of Teachers…
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Naira Strengthens Against Dollar, Trading at N1,493 Officially and N1,627 in Parallel Market
The naira gained slightly, appreciating to N1,627 against the dollar on Thursday in the parallel segment of the foreign exchange…
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‘Nigeria is bleeding’ – Adamawa Governor Fintiri criticizes economic policies
Governor Ahmadu Fintiri of Adamawa State has expressed deep concerns about the state of Nigeria's economy, telling the Federal Government…
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Dangote Refinery to buy 12m barrels of crude oil from U.S., says reaching 650,000bpd capacity by June sacrosanct
The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States. The refinery…
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