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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

  • 10th August 2026

NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

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International travellers to get higher compensation for deaths, flight delays - ICAO
Aviation

Local Airlines refund ₦1.038bn to over 5,000 passengers in Q2 – NCAA

Domestic airlines in Nigeria refunded a total of ₦1.038 billion to 5,285 passengers between April and June 2025, according to the Nigerian Civil Aviation Authority. The NCAA made this disclosure in a post on its official X account on Monday, underscoring its continued regulatory oversight and commitment to enforcing passenger rights. Although the Authority did […]

News

Ex-British PM urged to return thousands in fashion discounts 

Former British Prime Minister, Tony Blair, was urged to repay thousands of pounds in designer clothing discounts, newly released records show. Documents submitted to the National Archives reveal that Downing Street officials advised Sir Blair to return over £7,600 for purchases made from designers Nicole Farhi and Paul Smith, according to Sky News. The discounts […]

Business

Global anti-money laundering body invites Nigeria for consultations

The Financial Action Task Force, the global anti-money laundering watchdog, has invited Nigeria to join its consultative processes—a notable acknowledgment of the country’s growing role in combating money laundering and terrorist financing. This was disclosed in an invitation letter addressed to the Director/CEO of the Nigerian Financial Intelligence Unit, Hafsat Abubakar Bakari, by FATF President, […]

M-KOPA sued over alleged discrimination against African staff
News

M-KOPA sued over alleged discrimination against African staff

One of Africa’s leading fintech firms, M-KOPA, is at the centre of a legal storm following allegations that it sidelined African employees while favouring foreign investors and expatriate staff in its equity structure. The lawsuit, filed in Kenya by long-serving employee Elizabeth Njoki, accuses the UK-headquartered company of systematically excluding local staff from meaningful ownership, […]

FG considers removal of 7% import surcharge
News

FG considers removal of 7% import surcharge

The Federal Government is considering scrapping the 7 per cent import surcharge, a move aimed at reducing import costs and boosting trade activity across Nigeria. This proposal, currently undergoing legislative review, is expected to ease the financial burden on importers and enhance the competitiveness of Nigerian ports. The development was disclosed at a stakeholder town […]

Business

FG reaffirms commitment to launch National Single Widow initiative

The Federal Government has reiterated its resolve to swiftly implement the National Single Window initiative—one of the key policies of President Bola Tinubu’s administration. This was disclosed on Monday by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a session with the National Assembly Joint Committee on Customs and […]

Nigeria’s second-richest man's wealth drops $2.5bn in 2023
Business

CBN reforms stopped lobbying for FX — BUA boss

Chairman of BUA Cement Plc, Dr Abdul Samad Rabiu, has commended the Central Bank of Nigeria’s foreign exchange reforms, stating that they have removed the need for companies to lobby for access to forex. Rabiu made this disclosure during a media briefing after BUA Cement’s 9th Annual General Meeting in Abuja on Monday. He described […]

Maritime

NCS to cut import duties for Nigerian importers 

Nigerian importers could soon see lower import duties as the Nigeria Customs Service plans to eliminate the one per cent Comprehensive Import Supervision Scheme fee and the seven per cent Cost of Collection charge. Comptroller-General of Customs, Adewale Adeniyi, announced the proposed changes on Monday at a stakeholders’ town hall meeting in Lagos. The meeting, […]

Business

Oil prices dip as US-EU trade tensions raise demand concerns

Oil prices slipped on Tuesday amid growing investor concerns that an escalating trade dispute between the United States and the European Union—two of the world’s largest crude consumers—could dampen economic activity and slow fuel demand growth. Brent crude futures dropped 24 cents, or 0.35 per cent, to $68.97 a barrel early Tuesday, after closing 0.1 […]

Nigeria borrowed money to fight Boko Haram - Oyedele
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Nigeria cuts debt servicing to below 50% of revenue

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has revealed that Nigeria now spends less than 50 per cent of its revenue on debt servicing—significantly down from nearly 97 per cent before recent economic reforms. Oyedele made the disclosure in Lagos on Monday while delivering the keynote address at […]

Google adds seamless account switching to Chrome on iOS
News

Google adds seamless account switching to Chrome on iOS

Google has announced a new update to its Chrome browser on iOS, allowing users to easily switch between work and personal Google accounts without repeatedly signing in and out, a major usability and security upgrade for professionals using their mobile devices for both personal and professional tasks. Previously, iOS users had to manually log out […]

CAC to delete inactive companies in 90 days
Business

CAC defers fee changes, cites users difficulty with new portal

The Corporate Affairs Commission has deferred the implementation of its revised service fees to September 1, citing transitional difficulties encountered by users. This was disclosed in a statement on Monday titled, “Postponement of Implementation of New Fees and Penalties for Document Downloads.” The CAC stated that, as part of its ongoing efforts to ensure the […]

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