New tax regime sparks tension in Nigeria’s maritime sector
There is growing unease among freight forwarding practitioners in Nigeria’s maritime sector following the commencement of the new tax regime on Thursday,…
Business
FIRS rebrands as Nigeria Revenue Service ahead of 2026 tax reforms
The Federal Inland Revenue Service has unveiled a new name and corporate identity, rebranding as the Nigeria Revenue Service, as Nigeria prepares…
FG plans tax exemption cards for SMEs under new reforms
The Federal Government has disclosed plans to introduce tax exemption cards for small businesses and informal operators under Nigeria’s ongoing tax reform…
Elumelu’s Heirs Energies acquires major stake in Seplat Energy
Tony Elumelu’s Heirs Energies has acquired a 20 per cent stake in Seplat Energy in a transaction valued at approximately 500 million…
Afreximbank to launch pan-African gold bank
The African Export–Import Bank and the Central Bank of Egypt have entered into a Memorandum of Understanding to establish the African Gold…
Too much screen time for kids affect brain development – Report
Using electronic devices to soothe restless infants, once a popular parenting strategy, may come with long-term consequences, according to new research. Scientists…
Accountants warns of legal uncertainty from altered tax laws
The Association of National Accountants of Nigeria has sounded the alarm over reported changes to recently gazetted tax laws, cautioning that the…
NNPCL to sell stakes in key oil, gas assets
The Nigerian National Petroleum Company Limited is set to sell stakes in select oil and gas assets and has opened the process…
National grid drops, power supply galls to near zero
Nigeria’s national electricity grid collapsed on Monday afternoon, plunging power supply across most of the country to near-zero levels. Distribution load data…
Otedola sells 77% Geregu Power stake in $750m deal
Billionaire investor Femi Otedola has exited Geregu Power Plc in a landmark transaction valued at $750 million, divesting his 77 per cent…
Atiku declares Tinubu’s gazetted tax act constitutionally invalid
Former Vice President Atiku Abubakar on Sunday intensified the debate over President Bola Tinubu’s signature tax reforms, asserting that the gazetted Tax…
NNPCL completes AKK pipeline, boosting gas supply
NNPC Limited has completed the main pipeline of the Ajaokuta–Kaduna–Kano gas project, a significant milestone in expanding gas supply to northern Nigeria.…