Business

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

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Naira holds steady at ₦1,368/$ in official FX market

Finance

Firms expect borrowing costs to ease in coming months

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Freight agents, Customs clash over Single Window rollout

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Lagos needs 40,000 more doctors, says Sanwo-Olu

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Business

Joint Tax Board begins transition, unveils new brand identity

The Joint Tax Board has begun its transition ahead of implementing Nigeria’s new tax laws, unveiling a refreshed brand identity in Abuja. This follows President Bola Tinubu’s signing of the Joint Revenue Board of Nigeria (Establishment) Act 2025 on June 26, which replaces the current Joint Tax Board with a new Joint Revenue Board effective […]

Tech

Nvidia-backed Starcloud runs first AI model in space

Nvidia-backed startup Starcloud has trained an artificial intelligence model in space for the first time, heralding a new era of orbital data centres that could help ease the growing strain on Earth’s digital infrastructure. Last month, the Washington-based company launched a satellite equipped with an Nvidia H100 graphics processing unit, a chip 100 times more […]

Business

NNPCL resumed petrol imports in October – NMDPRR

The Nigerian National Petroleum Company Limited has resumed importing petrol, reversing its decision to stop doing so a year ago. On November 12, 2024, the company’s former Group Chief Executive Officer, Mele Kyari, had stated that NNPCLwould no longer import petroleum products. However, according to its ‘State of the Midstream and Downstream Fact Sheet’ for […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS, French agency sign MoU to boost tax efficiency

The Federal Inland Revenue Service has entered into a memorandum of understanding with France’s Directorate General of Public Finances to enhance efficient tax administration. The DGFP, a key agency of the French government, is responsible for managing public finances, including tax collection and administration. The agreement was signed on Wednesday at the French Embassy in […]

Business

Reps summon bank CEOs over alleged illegal deductions

Chief executives of commercial banks have been ordered to appear in person before a House of Representatives investigative panel over alleged illegal and unexplained deductions from customers’ accounts. The directive was issued on Tuesday in Abuja by the House Ad-hoc Committee probing tax deductions from civil and public servants’ earnings as well as bank charges […]

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Ex-aviation minister Stella Oduah arraigned over ₦5bn fraud

The Federal Government on Wednesday arraigned a former Minister of Aviation, Senator Stella Oduah, before the Federal Capital Territory High Court, Abuja, over an alleged ₦5 billion fraud. The charges, filed by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, presented Oduah before Justice Hamza Muazu on a five-count charge bordering […]

Reps proposes bill to ensure timely salary payments
Finance

Reps summon finance, budget ministers over poor budget implementation

The House of Representatives has summoned the Minister of Finance, Mr. Wale Edun, and the Minister of Budget and National Planning, Mr. Atiku Bagudu, over concerns regarding poor budget implementation. The summoning took place after a meeting held on Tuesday. The House held a closed-door session with both Ministers, as well as the Accountant-General of […]

Minister of Youths and Sports, Sunday Dare
News

US-Nigeria ties needs strengthening against global threats – Sunday Dare

Presidential spokesman Sunday Dare stated that Nigeria’s long-standing relationship with the United States remains “treasured, warm and robust,” and he emphasized that it must be further strengthened in the interest of both nations. Dare, who is the Special Adviser to President Bola Tinubu on Media and Public Communications, made this assertion during an interview with […]

Banking featured

Reps probe banks over ‘illegal deductions’

The House of Representatives on Tuesday leveled a significant accusation against commercial banks, alleging they were perpetrating illegal acts by deducting inexplicable monies from customers without making the required remittances. This serious claim was made during an investigative panel held in Abuja. The allegation was brought forth by Rep. Kelechi Nwogu, who serves as the […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon to invest $35bn in India’s cloud, AI sectors

Amazon on Wednesday announced plans to invest over $35 billion in India’s cloud and artificial intelligence sectors by 2030, as global tech giants compete to strengthen their presence in the country. The pledge, revealed at the Amazon Smbhav Summit in New Delhi, adds to nearly $40 billion the company has already invested in India. According […]

Business

Heirs Energies, NNPCL sign agreements to boost gas commercialisation

Heirs Energies and the Nigerian National Petroleum Company Limited have advanced Nigeria’s gas commercialisation and environmental goals by signing gas offtake agreements with five investors under both the Nigerian Gas Flare Commercialisation Programme and approved Non-NGFCP frameworks. The agreements are set to enable the capture and monetisation of approximately 180 million standard cubic feet of […]

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