BUSINESS
Federal Government’s Domestic Borrowing Surges In 2025, Crowding Out Private Sector Credit
The Federal Government’s domestic borrowing from banks and financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public...
Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy
A consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa has reached financial close on a...
Dangote Petrol Prices Now Higher Than Imported Fuel, MRS Retail Hikes To N839/Litre
The landing cost of imported Premium Motor Spirit (PMS) has now fallen below the Dangote Petroleum Refinery’s gantry price, following the refinery’s recent price...
CBN Elevates Opay, Moniepoint, Kuda, Others To National Status, Boosting Financial Inclusion Nationwide
The Central Bank of Nigeria (CBN) has upgraded the licenses of leading FinTech firms and Microfinance Banks (MFBs), including Opay and Moniepoint, granting them...
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...
![No Law Compels Governor To Operate Only From Govt House — Gov. Otti [VIDEO]](https://abntv.com.ng/wp-content/uploads/2026/02/Alex-Otti-media-chat-300x194.jpg "VIDEO: “When You Come To My Media Chat, Prepare Very Well” — Otti Tells Journalist")
![No Law Compels Governor To Operate Only From Govt House — Gov. Otti [VIDEO]](https://abntv.com.ng/wp-content/uploads/2026/02/Alex-Otti-media-chat-100x75.jpg "VIDEO: “When You Come To My Media Chat, Prepare Very Well” — Otti Tells Journalist")