Business

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

Tinubu attributes strong corporate performance to FX, subsidy

  • 6th August 2026

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NiDCOM hails Nigeria’s first indigenous female neurosurgeon’s US hospital

Business

NMDPRA proposes ban on fuel price fixing

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Tinubu gets ICPC report on alleged fake agency

Business

NIA credits NAICOM’s oversight for successful insurance recapitalisation

Business

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Maritime

FG directs shipping firms to use national single window

The Federal Government has directed all shipping companies and airlines operating within Nigeria to submit their cargo manifests through the National Single Window platform, as part of measures to strengthen cargo tracking, improve transparency and enhance trade facilitation across the country. The directive represents a major departure from the previous arrangement under which the submission […]

Banking

BVN enrolments hit 67.8m by December 2025

The Nigeria Inter-Bank Settlement System has reported a significant increase in Bank Verification Number enrolments, revealing that registrations climbed by 6.8 per cent year-on-year to 67.8 million as of December 2025. This represents a rise from the 63.5 million BVNs recorded during the same period in 2024. In a statement released on its official website, […]

News

FG allocates N2.3bn for ex-presidents in 2026 budget

The Federal Government has allocated N2.3 billion in the 2026 budget for the payment of benefits and entitlements to Nigeria’s former presidents, heads of state, and their deputies. The 2026 Appropriation Bill, this funding falls under the line item titled “Entitlements of former Presidents/Heads of State and Vice Presidents/Chiefs of General Staff,” according to Nairameteics. […]

Business

North Central lead charge in Nigeria’s new tax reform drive

The North Central states, including Jigawa, Plateau, Kogi, Nasarawa, and Kwara, are taking active steps to implement the reforms and strengthen their revenue systems, As Nigeria rolls out its new tax laws. According to the Joint Revenue Board, these measures, backed by recently enacted laws and executive approvals, aim to boost internally generated revenue, improve […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira records mild fluctuations across FX markets

The Naira began the second week of January 2026 amid sustained fluctuations across Nigeria’s foreign exchange markets, as traders and investors closely monitor ongoing liquidity injections by the Central Bank of Nigeria. At the Nigerian Foreign Exchange Market, NFEM, the local currency showed relative stability during early trading hours. Data obtained from the FMDQ Securities […]

Business

Mono deal strengthens Flutterwave’s growth strategy – CEO

Flutterwave Inc. has stated that its acquisition of open-banking startup Mono Technologies Nigeria Ltd. will enhance its profitability strategy and reinforce its readiness for a potential initial public offering. Flutterwave’s CEO, Olugbenga Agboola, made the remarks following the company’s purchase of Mono, a fintech partner since 2021. The deal reflects a renewed strategic effort by […]

Business

CBN projects petrol prices around N950/litre in 2026

The Central Bank of Nigeria has projected that petrol prices will hover around N950 per litre in 2026, according to its 2026 Macroeconomic Outlook. In its forecast for the domestic economy, the CBN outlined baseline projections based on assumptions such as an average crude oil price of $60 per barrel in Q4 2025 and $55 […]

featured Oil and Gas

Dangote Refinery begins direct petrol sales to marketers

Dangote Petroleum Refinery has begun the sale of Premium Motor Spirit, popularly known as petrol, directly to independent oil marketers that can purchase a minimum volume of 250,000 litres. Before the latest development, the refinery relied largely on about 20 depot owners who lifted petrol from its gantry and handled nationwide distribution of the product. […]

Finance

Group urges NASS to fast-track NDDC 2025 budget

A Niger Delta advocacy group, the 21st Century Youths of Niger Delta and Agitators with Conscience, also known as 21st CYNDAC, has appealed to the National Assembly to fast-track the consideration and approval of the 2025 budget of the Niger Delta Development Commission to allow the Commission scale up development efforts across the region. The […]

Aviation

NCAA moves to slam airlines over chronic flight delays

The Nigerian Civil Aviation Authority has indicated plans to impose tougher sanctions on domestic airlines over persistent flight delays and poor passenger handling, warning that repeated inefficiencies in the aviation sector will no longer be tolerated. The development was announced on Thursday through a statement shared via the official X handle of the Director of […]

Finance

Lagos Assembly approves ₦4.4trn 2026 budget

The Lagos State House of Assembly has approved the ₦4.4 trillion 2026 Appropriation Bill, officially tagged the Budget of Shared Prosperity, following weeks of extensive scrutiny and sector-by-sector evaluation by lawmakers. The passage of the budget reflects the conclusion of detailed legislative engagements aimed at ensuring fiscal responsibility and alignment with the developmental priorities of […]

Mobility company inDrive expands into the US
Transportation

inDrive drivers face double taxation, AUATON laments 

The Amalgamated Union of App-Based Transporters of Nigeria has raised concerns over what it described as double Value Added Tax deductions on fares earned by drivers using the inDrive platform. Speaking in Lagos on Thursday, AUATON’s South-West Vice-President, Mr. Kolawole Aina, said drivers first noticed the issue on January 1, 2026, when they resumed operations […]

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