Business Archives - Page 22 of 23

FG Orders Banks and Fintechs to Remit 7.5% VAT on Electronic Service Fees

January 15, 2026

The Federal Government has directed all commercial banks, microfinance banks and financial technology companies (fintechs) to begin collecting and remitting a 7.5 per cent Value Added Tax (VAT) on certain electronic banking service fees, officials said on Thursday, January 15, 2026. Under the new rule, the 7.5% VAT will apply only to the service fees...

Dollar to Naira Exchange Rate Today, January 15, 2026

January 15, 2026

The Nigerian Naira began Thursday, January 15, 2026, with slight movements against the United States Dollar, trading at roughly ₦1,422.25 to ₦1,423.42 per dollar in the official Nigerian Foreign Exchange Market (NFEM), market data show. In the informal or “black market”, the dollar remained more expensive, with Bureau De Change operators reporting buying rates around...

Tariff-Free Trade: Nigeria, UAE Unlock Markets for 13,000+ Products

January 14, 2026

Nigeria and the United Arab Emirates (UAE) have signed a landmark Comprehensive Economic Partnership Agreement (CEPA) that will eliminate tariffs on more than 13,000 goods traded between the two countries, the Federal Ministry of Industry, Trade and Investment announced on Tuesday, January 13, 2026. Under the agreement, Nigeria will remove tariffs on 6,243 products imported...

Nigeria Moves Up the Value Chain with Lagos Gold Refinery, $600m Lithium Plant

January 13, 2026

The Federal Government has inaugurated a high-purity gold refining plant in Lagos and announced that a $600 million lithium processing facility in Nasarawa State is ready for commissioning, advancing national efforts to shift from raw mineral exports to in-country processing, the Minister of Solid Minerals Development, Dr. Dele Alake, said on Tuesday, January 13, 2026....

How Nigeria’s Manufacturing Sector Can Grow in 2026 — Experts

January 13, 2026

Nigeria’s manufacturing sector is poised for strengthened performance in 2026, but industry stakeholders say its ability to transition from recent recovery to sustained expansion will depend on effective execution of key reforms, macroeconomic stability and enhanced policy implementation, experts told Vanguard News. The sector gained modest momentum in the second half of 2025, raising cautious...

Strikes, Shutdowns and Truces Defined Nigeria’s Industrial Space in 2025

January 12, 2026

The year 2025 was marked by significant industrial actions by organised labour that reverberated across Nigeria’s economy and public policy landscape, with strikes, shutdowns and negotiated truces emerging as defining features of labour–government relations, Vanguard News reported. The actions involved strategic shutdowns in critical sectors, intense negotiations, and federal interventions that underscored the influence of...

FG Inaugurates ₦40bn CCTV Centre on Third Mainland Bridge, Boosts Surveillance

January 12, 2026

The Federal Government (FG) on Sunday, January 11, 2026, inaugurated a ₦40 billion Closed‑Circuit Television (CCTV) control centre on the Third Mainland Bridge in Lagos State, marking a major step in efforts to enhance security and surveillance on one of Nigeria’s busiest road corridors. The centre was commissioned by the Ministry of Works as part...

Lai Mohammed Breaks Silence on Buhari’s 2015 Ministerial Decision

January 11, 2026

Former Minister of Information and Culture, Alhaji Lai Mohammed, has explained that his appointment by the late former President Muhammadu Buhari in 2015 stemmed from years of trust, shared political convictions, loyalty and dedicated service, not a single moment or event, according to his new book. The book was launched in Abuja on December 17,...

Tonye Cole Flags Danger for Fubara After Rivers APC Defection

January 10, 2026

Abuja, Nigeria — Former governorship candidate of the All-Progressives Congress (APC) in Rivers State, Tonye Cole, has said Governor Siminalayi Fubara is not politically safe following his defection to the APC through a faction Cole described as illegitimate. The warning came during an interview on Channels Television in the wake of heightened factional disputes within...

FG Unveils Reusable Textbook Policy to Reduce Education Costs

January 9, 2026

The Federal Government has announced a new reusable textbook policy aimed at lowering the cost of education for families and improving access to learning materials across public schools in Nigeria. The policy was unveiled by education authorities as part of broader reforms designed to address rising education expenses and ensure sustainability in the management of...

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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

FG Orders Banks and Fintechs to Remit 7.5% VAT on Electronic Service Fees

Dollar to Naira Exchange Rate Today, January 15, 2026

Tariff-Free Trade: Nigeria, UAE Unlock Markets for 13,000+ Products

Nigeria Moves Up the Value Chain with Lagos Gold Refinery, $600m Lithium Plant

How Nigeria’s Manufacturing Sector Can Grow in 2026 — Experts

Strikes, Shutdowns and Truces Defined Nigeria’s Industrial Space in 2025

FG Inaugurates ₦40bn CCTV Centre on Third Mainland Bridge, Boosts Surveillance

Lai Mohammed Breaks Silence on Buhari’s 2015 Ministerial Decision

Tonye Cole Flags Danger for Fubara After Rivers APC Defection

FG Unveils Reusable Textbook Policy to Reduce Education Costs

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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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