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  • 22nd September 2026

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  • 22nd September 2026

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  • 22nd September 2026

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Policy and Regulations

Firm faults FG’s proposed hike in sugary drinks tax

ThinkBusiness Africa has called for a more evidence-based assessment of Nigeria’s proposed amendment to the Customs, Excise Tariff, Etc. (Consolidation) Act, warning that a substantial increase in the tax burden on Sugar-Sweetened Beverages could raise consumer prices and production costs without delivering commensurate public health outcomes. The call followed the release earlier in the week […]

Energy

Nigeria’s energy inflation rises to 4.69% in August

Nigeria’s energy inflation rate climbed to 4.69 per cent in August 2026, up from 4.40 per cent in July, reversing the decline recorded in the previous month. The latest figure represents a 0.29 percentage-point increase in the annual change in energy prices, according to the latest Consumer Price Index report by the National Bureau of […]

Finance

NGX gains ₦650bn as all-share index rises 0.41%

Trading on the Nigerian Exchange closed higher on Tuesday, September 15, 2026, with the All-Share Index rising by 1,005.27 points, representing a 0.41 per cent gain. Market capitalisation increased by N650 billion to close at N158.4 trillion, up from N157.75 trillion in the previous session, representing a 0.41 per cent increase. The NGX ASI climbed […]

Business

Presco approves ₦17.1bn dividend for 2025 financial year

Agro-industrial giant Presco Plc has approved a dividend payout of N17.1 billion to shareholders for the 2025 financial year. This follows resolutions passed at its Annual General Meeting held virtually on September 15, 2026. The resolutions, disclosed in a statement signed by the Company Secretary, Frederick Ichekwai, and filed with the Nigerian Exchange (NGX), also […]

Insurance

PenCom extends pension verification deadline after low turnout

The National Pension Commission has extended the deadline for the ongoing mandatory One-Time Online Verification and Enrolment Exercise for employees of treasury-funded Ministries, Departments and Agencies entitled to accrued pension rights. The exercise, which commenced in February 2026 and was initially scheduled to end on July 31, 2026, has now been extended to December 31, […]

Electricity

TCN announces five-hour power outage in Niger communities

The Transmission Company of Nigeria has announced a five-hour power outage in Bida and surrounding communities in Niger State to enable it to carry out annual preventive maintenance at its Bida 132/33kV Transmission Substation. TCN said the maintenance exercise would take place on Wednesday, September 16, 2026, between 8 a.m. and 1 p.m. According to […]

Finance

Anambra govt, Obi clash over inherited debt records

The Anambra State Government has challenged former Governor Peter Obi’s claim that he left more than N2.13 billion in an ecological fund account before leaving office in 2014, saying the First Bank account he identified was not an ecological fund account and had never contained the amount he cited. The state Commissioner for Information and […]

Finance

RMAFC rates Abia best-governed Nigerian state

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Dr Muhammed Shehu, has commended Governor Alex Otti for the prudent management of Abia State’s resources. Shehu gave the commendation on Tuesday when he and members of the commission paid a courtesy visit to Governor Otti at the governor’s Nvosi office in Isiala Ngwa South […]

Economy

Lagos ports handled 84.6% of Nigeria’s Q2 trade — NBS

Lagos ports handled an estimated N35.07 trillion, representing 84.6 per cent of Nigeria’s total merchandise trade of N41.44 trillion in the second quarter of 2026, underscoring the dominance of the nation’s commercial capital as its principal trade gateway. The latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics showed that Nigeria […]

Economy

Fitch warns Nigeria’s $5bn swap deal carries major debt risks

Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap could expose the country to significant debt management, liquidity and future debt restructuring risks. The warning was contained in Fitch’s latest special report, titled “Sovereign Total Return Swaps and Repo Transactions: Q&A 2026”. The rating agency said that while TRS transactions could give […]

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Naira trades at ₦1,329/$ in official FX market

The naira exchanged at varying rates against the United States dollar across the official Nigerian Foreign Exchange Market and the parallel market on Wednesday, September 16, 2026. According to the latest available official data from the Central Bank of Nigeria, the NFEM rate stood at N1,329.15 per dollar for the September 15 trading session. The […]

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UCH Ibadan workers begin indefinite strike over director’s sack

The Nigerian Union of Allied Health Professionals, University College Hospital, Ibadan chapter, has embarked on an indefinite strike over the alleged refusal of the hospital management to implement the Federal Ministry of Health and Social Welfare’s recommendation on a disciplinary case involving the Director of Pharmaceutical Services, Dr Adeyinka Ishola. The union announced the industrial […]

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