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BUSINESS
Global Oil Prices Steady After Iran Re-Closes Strait of Hormuz
Global crude oil prices remained largely unchanged, staying below the $100 per barrel mark after Iran announced the re-closure of the Strait of Ho…
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BUSINESS
FG Prohibits Importation of Cement, Pharmaceuticals, Others (Full List)
The Federal Government has announced a ban on the importation of cement, poultry products, pharmaceuticals, and several agricultural goods from cou…
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BUSINESS
MTN Halts Airtime and Data Loan Services Amid New FCCPC Rules
MTN Nigeria has temporarily suspended its airtime and data borrowing service, Xtratime , to comply with new regulations introduced by th…
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BUSINESS
UPDATE : WhatsApp rolls out new profile tab for iOS users
After several weeks of testing, WhatsApp is now officially introducing a new profile tab for iOS users . Easier way to identify your act…
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BUSINESS
Airport Cashless System Here To Stay – Keyamo
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo , has declared that the Federal Government will not reverse the cashless pa…
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BUSINESS
Tinubu Directs Keyamo To Suspend FAAN’s Cashless Policy
President Bola Tinubu has ordered the Federal Airports Authority of Nigeria ( FAAN ) to suspend its recently introduced cashless payment policy …
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BUSINESS
Finance Minister Applauds 4.07% GDP Growth in Q4 2025
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun , has welcomed new figures from the National Bureau of Statistics…
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BUSINESS
CAC Removes 400,000 Companies for Not Filing Annual Returns
The Corporate Affairs Commission (CAC) has announced that it struck out over 400,000 companies from its database in 2025 due to their fai…
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BUSINESS
BREAKING : Soludo Orders 12 More Anambra Markets to End Monday Sit-At-Home
The Anambra State government has directed traders in twelve additional markets to resume normal operations on Mondays, warning that non-compliance c…
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BUSINESS
Dangote Refinery Denies Shut-Down Rumours
Dangote Petroleum Refinery has dismissed claims that it has halted operations, calling such reports false and misleading. In a statement released …
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BUSINESS
NNPC subsidiaries’ debt surges 70% to N30tn
Despite its conversion into a commercial entity, the Nigerian National Petroleum Company Limited (NNPC) is facing growing financial strain as weak …
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BUSINESS
Banks close 229 branches nationwide as POS usage surges
Nigeria’s banking sector shut down 229 physical branches within one year, as more customers increasingly relied on Point of Sale (POS) terminals fo…
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BUSINESS
Private depots raise petrol prices to N800 per litre in Lagos
Private petroleum depots in Lagos and other major fuel trading centres have increased the ex-depot price of Premium Motor Spirit (petrol) to as hig…
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BUSINESS
Reps release four tax reform Acts for public scrutiny and record
The House of Representatives has made public the four tax reform Acts recently signed into law by President Bola Tinubu , to ensure transparency, …
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BUSINESS
Lagos hotel room rates soar to N205,534 amid supply constraints
Average hotel room prices in Lagos have risen to an all-time high of N205,534, reflecting a strong rebound in business and corporate travel even as…
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BUSINESS
NNPCL profit rises 12% to N502bn
The Nigerian National Petroleum Company Limited ( NNPCL ) has reported a profit after tax of N502 billion for November 2025, representing a 12.3 …
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BUSINESS
Tax Reforms Trigger Unease as Shipping Firms Consider Fare Increases
Tension is mounting among freight forwarders in Nigeria’s maritime sector following the commencement of the new tax regime on Thursday, January 1, …
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BUSINESS
Banks’ Bad Loans Rise as CBN Ends Forbearance
Nigeria’s banking industry recorded an uptick in bad loans in 2025 following the Central Bank of Nigeria ’s decision to withdraw regulatory forbea…
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BUSINESS
Kogi governor signs tax reform bills into law
Kogi State Governor, Usman Ododo , has assented to two major revenue-related bills, aligning the state with the Federal Government’s newly introduc…
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BUSINESS
US Pauses Steep Tariffs on Certain Italian Pasta Brands, Italy Confirms
Italy announced on Thursday that the United States has eased plans to impose heavy anti-dumping duties on several Italian pasta brands . The tar…
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