Category: Business
Tax reform to protect low-income Nigerians — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that small-scale investors in the capital market are fully…
Petrol marketers signal cheaper fuel price in Nigeria, await Dangote Refinery action
Nigerian petroleum products marketers have announced a plan to further cut the price of premium motor spirit near N739 per liter nationwide. The Independent Petroleum…
Naira records massive appreciation against US dollar as foreign reserves hit $45.61bn
The naira recorded significant appreciation against the United States dollar on Tuesday at the official foreign exchange market. The Central Bank of Nigeria’s data showed…
Nigeria’s electricity subsidy hits N1.98tn as tension mounts on fresh tariff hike
Nigeria’s electricity subsidy obligations have risen to N1.98 trillion over the 12 months from October 2024 to September 2025, according to the latest quarterly reports…
19 Nigerian banks meet CBN recapitalization requirement ahead of March deadline
As of January 6, 2026, nineteen Nigerian banks have met the Central Bank of Nigeria, CBN’s recapitalization requirements, ahead of the March 31 deadline. This…
Replacement of FIRS with NRS will overhaul revenue administration – Zacch Adedeji
Nigeria Revenue Service (NRS) says its replacement with the defunct Federal Inland Revenue Service (FIRS) will overhaul the architecture of the country’s revenue administration. The…
NNPCL reduces fuel price again
The Nigerian National Petroleum Company Limited (NNPCL) has again reduced its premium motor spirit price. Our correspondent, who went round Abuja on Monday morning, gathered…
FG targets economic stability, social relief as 2026 budget supports Tinubu’s reform agenda – Information Minister
The federal government has positioned the 2026 Appropriation Bill as a strategic tool to consolidate ongoing economic and social reforms under President Bola Ahmed Tinubu,…
NCAA to automate monitoring of night-shift personnel
Nigerian Civil Aviation Authority (NCAA) on Friday, disclosed plans to automate the monitoring of its on-duty personnel on night-shift, saying the move will strengthen oversight…
Concerns as Nigerian banks see increase in bad loans after CBN ends forbearance
Nigeria’s banking industry recorded a rise in non-performing loans in 2025 following the Central Bank of Nigeria’s decision to withdraw regulatory forbearance introduced during the…

