BUSINESS
Tears And Turmoil In Makoko: Residents Decry Lagos Demolition, Allege Land Sale As Government Insists Action Was for Public Safety
LAGOS — Grief, anger, and confusion have gripped Makoko waterfront, one of Lagos’s most iconic informal settlements, as residents continue to lament the recent...
Borrowing Pain Deepens: Bank Lending Rates Soar To 46%, Squeezing Nigerian Businesses
Businesses across Nigeria’s major sectors are reeling under mounting financial pressure as bank lending rates surge to record highs, with some reaching an astonishing...
FG Unveils New Tax Incentives To Boost Manufacturing, Ease Multiple Levies On Nigerian Industries
The Federal Government, through the Presidential Committee on Fiscal Policy and Tax Reforms, has outlined a series of new tax incentives designed to strengthen...
“FG To Invest More, Borrow Less” — Wale Edun
The Federal Government has said it plans to reduce its dependence on borrowing, invest more in the economy, and rely more on domestic resources. The...
Banks To Deduct ₦50 Stamp Duty On ₦10,000-and-Above Transfers Effective January 1
On January 1, 2026, Nigerian banks will start deducting a ₦50 stamp duty on electronic transfers totalling ₦10,000 or more, in accordance with the...
ADP Criticize Nigeria’s 2026 Budget Over Rising Debt
Following President Bola Tinubu's presentation of the 2026 budget on Tuesday, the opposition Action Democratic Party criticised Nigeria's fiscal direction, warning that rising public...
Fuel Pump Prices Drop As Marketers Adjust Rates After Dangote Refinery Price Cut
Petrol pump prices have started dropping across parts of Nigeria, barely five days after the Dangote Refinery announced a reduction in its petrol gantry...
CBN Removes Bank Cash Deposit Limit For Customers
The Central Bank of Nigeria has removed all cash-deposit limits for bank customers while maintaining strict weekly withdrawal ceilings under a revised set of...
VAT Revenue Increased By 37% To N4.12trn In H1’25
Revenue generated through Value Added Tax (VAT) rose by 37.7 percent year-on-year to N4.12 trillion in the first half of 2025 (H1’25), up from...
PenCom Outlines Conditions For Early Access To Pension Savings Under Contributory Scheme
The National Pension Commission (PenCom) has clarified that Nigerian workers enrolled in the Contributory Pension Scheme (CPS) can access part of their retirement savings...
