Business Archives - Page 12 of 23

12 States Have Enacted Tax Harmonisation Law – Oyedele

March 6, 2026

At least 12 states in Nigeria have enacted tax harmonisation laws aimed at simplifying the tax system, eliminating nuisance taxes, and protecting taxpayers’ rights, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has confirmed. Oyedele made the disclosure during a briefing in Abuja, highlighting the progress of the federal government’s...

Vivo Launches Smartphone with Battery Durability in Nigeria

March 6, 2026

Global smartphone manufacturer Vivo has launched a new device in the Nigerian market aimed at users who need long-lasting battery performance and reliable everyday functionality. The company announced the introduction of the Vivo Y31d as part of its efforts to provide devices that support extended mobile usage. The smartphone is designed for consumers who rely...

Cooking Gas Price Surges 40% to N1,400 per kg Amid Middle East Crisis

March 5, 2026

The price of cooking gas in Nigeria has risen sharply, with the ex‑depot rate increasing to N18 million per 20 metric tonnes and retail prices reaching about N1,400 per kilogramme, industry sources said, as tensions in the Middle East affect global energy markets. The rise in cooking gas prices follows ongoing crises in the Middle East that have...

VAT Revenue Rises 34% to N6.4tn in Nine Months, FIRS Says

March 4, 2026

The Federal Inland Revenue Service has reported a 34 percent increase in value-added tax revenue to N6.4 trillion in the first nine months of the 2026 fiscal year, the agency said in a statement. The FIRS manages indirect tax collections in Nigeria, including value-added tax, which is charged on goods and services. VAT is a...

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Man Lauds Unidos’ Move to Reposition Nigeria’s Manufacturing Sector

March 3, 2026

The Manufacturers Association of Nigeria has praised the Unidos initiative for its contribution to repositioning Nigeria’s manufacturing sector, particularly in areas of market expansion, export optimisation and capacity support for manufacturers. The commendation was conveyed at the unveiling of the Unidos dashboard, a platform designed to provide data analytics, trade insights and market access support...

Depositors of Defunct Heritage Bank Appeal to Tinubu, CBN for Bail-Out

March 3, 2026

Depositors of the now-defunct Heritage Bank have appealed to President Bola Tinubu and the Central Bank of Nigeria to intervene with financial support following prolonged inability to access their funds, they said in separate statements. Heritage Bank was closed on February 23, 2026, after regulators determined that the institution was no longer financially viable. The...

Dangote Refinery Raises Petrol Price from N774 to N874 per Litre

March 2, 2026

Dangote Petroleum Refinery has raised the ex-depot price of Premium Motor Spirit (petrol) by N100, bringing the gantry rate to N874 per litre from the previous N774, refinery officials confirmed on Monday. The price change comes as the refinery adjusts to recent shifts in the global crude oil market. The increase follows a suspension of...

FG, AFC Sign $1.3bn Mining Investment Deal with Alumina Refinery, Geoscience Mapping

March 2, 2026

The Federal Government, through the Solid Minerals Development Fund, and the Africa Finance Corporation have signed an investment agreement worth $1.3 billion to jointly fund three mining sector initiatives, including construction of a major alumina refinery, officials said. The agreement was executed at a ceremony in Abuja, with representatives of both parties signing a memorandum of...

NNPC Woos Investors as Ajaokuta–Gwagwalada Gas Segment Eyes July Completion

February 27, 2026

The Nigerian National Petroleum Company Limited and industry stakeholders have intensified efforts to attract investors as the Ajaokuta–Gwagwalada segment of the Ajaokuta–Kaduna–Kano gas pipeline prepares for its expected first gas delivery by July 2026, officials said. The Ajaokuta–Gwagwalada section is part of the wider AKK pipeline network, a key national infrastructure project intended to enhance...

Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

February 26, 2026

The Nigeria Customs Service has clarified that its Unified Customs Management System, known as B’Odogwu, does not in any way generate, substitute for, or alter foreign exchange rates used in cargo clearance valuation. The statement was made by the National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, in a press release on...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

12 States Have Enacted Tax Harmonisation Law – Oyedele

Vivo Launches Smartphone with Battery Durability in Nigeria

Cooking Gas Price Surges 40% to N1,400 per kg Amid Middle East Crisis

VAT Revenue Rises 34% to N6.4tn in Nine Months, FIRS Says

Man Lauds Unidos’ Move to Reposition Nigeria’s Manufacturing Sector

Depositors of Defunct Heritage Bank Appeal to Tinubu, CBN for Bail-Out

Dangote Refinery Raises Petrol Price from N774 to N874 per Litre

FG, AFC Sign $1.3bn Mining Investment Deal with Alumina Refinery, Geoscience Mapping

NNPC Woos Investors as Ajaokuta–Gwagwalada Gas Segment Eyes July Completion

Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

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