Business

African startups raise $102m in lowest month since

  • 3rd August 2026

Otedola targets 51% controlling stake in First HoldCo

  • 3rd August 2026

Nigeria can boost global creative edge via indigenous

  • 3rd August 2026

UK state investment agency faces security review after

  • 3rd August 2026

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Visa expands cybersecurity push with $2.4bn BioCatch acquisition

Tech

NRS mandates tax ID for crypto account activation

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African startups raise $102m in lowest month since 2025

Business

Otedola targets 51% controlling stake in First HoldCo

Business

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W’Bank top executive in Nigeria for talks on growth, jobs

The Managing Director of Operations at the World Bank, Anna Bjerde, is in Nigeria for a three-day visit aimed at strengthening collaboration on boosting economic growth and job creation. The World Bank, in a statement on Sunday, said the visit, which begins on February 1, 2026, will explore how the World Bank Group can best […]

Business

FG to earn $5bn annually from carbon credits – Greenplinth Africa

The Federal Government is expected to generate up to $5bn yearly from carbon credit revenues linked to the 80 Million Clean Cookstoves Project, a major climate and energy initiative being executed by Greenplinth Africa Limited. The projection was revealed by the company’s Group Chief Financial Officer, Babatunde Aina, during a media chat and stakeholders’ engagement […]

Business

PenCom, PFAs partner to roll out digital data recapture system

The National Pension Commission, in partnership with Pension Fund Administrators, has introduced a self-service online data recapture platform called the Data Recapture Self-Service Platform. This was disclosed in a statement by PenCom. The regulator said the platform, which became operational on Sunday, February 1, is designed to address data inconsistencies affecting the pension industry. “This […]

FG targets 1,268MW from new hydropower plants
Energy

FG hands over 6MW Ikere Gorge hydropower plant to private firm

The Federal Government handed over the six megawatt Ikere Gorge hydropower plant in Iseyin, Oyo State, to Messrs. Quaint Power and Infrastructure Nigeria Limited over the weekend. The handover was executed under a Public-Private Partnership concession arrangement aimed at boosting power supply. This development was announced in a statement signed by Terhemen Oraduen, Personal Assistant […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
featured Telecommunications

Urban Nigerians enjoy 40% faster internet than rural areas — NCC

Urban residents in Nigeria enjoy faster internet than rural users, according to a new report by the Nigerian Communications Commission, even as nationwide connectivity shows modest improvements. The report analysed 377,135 network tests using geospatial mapping. It found that urban download speeds average 20.5 megabits per second, compared to 11 Mbps in rural areas, a […]

Policy and Regulations

Lagos taskforce seizes 50 motorcycles, 10 vehicles along coastal highway

The Lagos State Taskforce has launched a renewed enforcement drive along the Lagos–Calabar Coastal Road corridor, targeting commercial motorcycles, traffic violations including one-way driving, and illegal structures. The operation resulted in the confiscation of over 50 motorcycles and the arrest of 10 vehicles for various traffic offences. This development was revealed through videos posted on […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Oil and Gas

SERAP sues NNPCL over missing ₦22.3bn oil funds

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for missing or diverted oil funds totaling ₦22.3 billion, $49.7 million, £14.3 million, and €5.2 million. The suit follows allegations contained in the 2022 audited report by the Auditor-General of the Federation, […]

Business featured

Onitsha market to reopen Monday after closure expires

The Anambra State government has announced the expiration of the order closing Onitsha Main Market. The government said the order expired on Sunday, while directing that the market be reopened on Monday. A press statement by the Anambra State Commissioner for Information, Dr Law Mefor, ordered that all traders are expected to be in the […]

How banks sent 'charming' ladies to lure my interest — Otedola
Banking

Otedola justifies massive legacy loan charge despite profit hit

Group Chairman of First Bank Holdings, Femi Otedola, has justified the company’s one-off N748bn charge to write off legacy bad loans, calling it a strategic move to secure long-term financial stability despite the hit to profits. Otedola revealed on Saturday via his X account that the heavy provisioning led to a 92 per cent drop […]

Bitcoin demand hits two-year high Argentina amid local currency crash
Crypto

Bitcoin drops below $78,000 after Trump named new reserve chair

Bitcoin, Ethereum and Solana fell sharply on Saturday as retail investors reacted to a volatile week in global markets and United States President Donald Trump’s announcement of a new Federal Reserve chair. By afternoon trading, Bitcoin dropped 7.6 per cent to below $78,000. Ethereum slid about 11 per cent to $2,382.57, while Solana plunged 13 […]

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Oyedele reaffirms mandatory tax filing for all Nigerians

The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has reiterated that all taxpayers in Nigeria are required to submit their annual tax returns by March 31 each year, irrespective of their earnings or whether their taxes have already been deducted under the PAYE scheme. PAYE, which stands for Pay […]

LIRS sets January 31st deadline for filing tax returns
Business

LIRS extends employers’ annual tax return deadline

The Lagos State Internal Revenue Service has pushed back the deadline for employers to file their annual tax returns by one week, from February 1 to February 7. The extension was announced in an official statement on Friday by LIRS Executive Chairman, Dr. Ayodele Subair. The move aims to make compliance easier for employers while […]

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