Business Archives - Page 23 of 25

Omotosho Takes the Wheel as New CEO of MultiChoice Nigeria

January 18, 2026

MultiChoice Nigeria has appointed Kemi Omotosho as its new Chief Executive Officer (CEO), marking a major leadership change at one of Nigeria’s most visible media businesses, the company said in a statement on Tuesday, January 13, 2026. The move comes as John Ugbe, the outgoing CEO, retires after nearly 15 years at the helm. Omotosho’s...

Why Nigeria’s Workforce Crisis Isn’t Just About Skills — It’s About Broken Systems

January 18, 2026

Nigeria’s current workforce crisis is rooted not only in the skills gap but also in deeper systemic challenges within labour markets, education and industry structures, analysts and commentators say. The discussion has gained traction across policy and business circles amid concerns about unemployment, underemployment and economic competitiveness. A growing body of evidence shows that while...

Tinubu Returns to Abuja After Abu Dhabi Summit, Paris Holiday

January 17, 2026

President Bola Ahmed Tinubu has returned to Abuja after attending the 2026 Abu Dhabi Sustainability Week in the United Arab Emirates (UAE) and spending part of his annual leave in Paris, France, presidential aides said on Saturday, January 17, 2026. Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, confirmed the President’s return in a...

Nigeria’s ₦152trn Debt Rises Due to Forex Rate Changes and Reforms — Finance Minister

January 16, 2026

Nigeria’s total public debt stock rose to ₦152 trillion as at September 30, 2025, largely because of foreign exchange rate adjustments and accounting treatment of reforms, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said. Edun spoke on Monday, January 19, 2026, while explaining the latest debt figures to...

FG to Focus on Jobs, Food and Welfare Over GDP in 2026 — Edun

January 16, 2026

The Federal Government is set to change how it measures success in 2026, putting more emphasis on improving the lives of Nigerians and less on high‑level economic numbers such as gross domestic product (GDP), the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, said on Friday, January 16, 2026. Edun made...

January 16, 2026

The Nigerian Exchange Limited (NGX) has confirmed the listing of 3,156,869,665 additional ordinary shares of United Bank for Africa (UBA) Plc on its Daily Official List, a move that increases the bank’s capital base and deepens trading liquidity on Nigeria’s capital market, the bourse said on Thursday, January 15, 2026. The listing was formalised following...

NASENI Mobilises Civil Servants for Nigeria’s Industrial Future

January 15, 2026

The National Agency for Science and Engineering Infrastructure (NASENI) has begun an outreach roadshow to mobilise civil servants to join an Inter‑Agency Innovation Competition, officials said on Monday, January 12, 2026. The programme is part of efforts to tap into ideas within government that could help Nigeria’s long‑term industrial and technological development. The roadshow began...

FCTA to Seal and Revoke Defaulting Properties in Abuja Next Week

January 15, 2026

The Federal Capital Territory Administration (FCTA) has announced that it will start sealing off and revoking the titles of properties owned by people who have not paid key land fees in Abuja from next week, the administration said on Thursday, January 15, 2026. The action aims to make property owners pay ground rent, Certificate of...

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...

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

September 11, 2026

Political activist and Nigeria Democratic Congress member, Aisha Yesufu, has said supporters of the party’s presidential candidate, Peter Obi, will take direct steps to protect their votes in the 2027 presidential election. Yesufu said the supporters would deploy representatives to polling units and monitor election materials and results throughout the collation process. She said the...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 10, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding oil revenue debt owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The liabilities under investigation have been put at N432.07 billion. The probe followed findings contained in...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 9, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into an oil revenue debt of N432.07 billion owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The investigation followed findings contained in the Auditor-General’s annual audit reports, which identified...

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

INEC schedules five by-elections across four states for Sept 19

Latest News

Omotosho Takes the Wheel as New CEO of MultiChoice Nigeria

Why Nigeria’s Workforce Crisis Isn’t Just About Skills — It’s About Broken Systems

Tinubu Returns to Abuja After Abu Dhabi Summit, Paris Holiday

Nigeria’s ₦152trn Debt Rises Due to Forex Rate Changes and Reforms — Finance Minister

FG to Focus on Jobs, Food and Welfare Over GDP in 2026 — Edun

NASENI Mobilises Civil Servants for Nigeria’s Industrial Future

FCTA to Seal and Revoke Defaulting Properties in Abuja Next Week

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

Dollar to Naira Exchange Rate Today, January 15, 2026

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

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