Nigeria’s New Tax Law Tackles Double Taxation and Boosts Digital Economy Compliance
The Federal Government of Nigeria has unveiled new tax measures aimed at curbing double taxation, expanding the tax net, and…
Day: January 26, 2026
Nigeria’s Mutual Fund Industry Surges to N7.67 Trillion Amid Rising Investor Demand
Nigeria’s mutual fund industry has experienced an unprecedented growth surge, with total assets under management (AUM) reaching N7.672 trillion in…
NNPC Confirms Major Oil Discovery at Awodi-07 Well in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed a significant oil discovery at the Awodi-07 appraisal and exploration…
Heirs Holdings Strengthens Board with Appointments of Obinna Ufudo and Sola Yomi-Ajayi
Heirs Holdings, a leading pan-African investment company, has announced the appointment of Obinna Ufudo and Sola Yomi-Ajayi as Non-Executive Directors,…
Naira Weakens Across FX Markets Amid Supply Constraints and Demand Pressures
The naira closed last week on a weaker note across Nigeria’s foreign exchange markets, as supply shortages and persistent demand…
Tinubu Secures $20bn Shell Investment for Nigeria’s Energy Sector
Nigeria’s President Bola Tinubu has successfully reinforced the country’s investment appeal, welcoming Shell Plc’s CEO, Wael Sawan, to the Presidential…
Pipeline Infrastructure Ltd Pledges Support for Nigeria’s 2.5 Million BPD Crude Output Target
Pipeline Infrastructure Nigeria Limited (PINL), the private security company responsible for monitoring the Eastern Corridor of the Trans Niger Pipeline…
Nigerians Prioritize Entrepreneurship and Self-Improvement in 2026 – Google Search Trends Reveal Shi
As 2026 begins, Nigerians are turning their attention toward building businesses, enhancing personal skills, and prioritizing wellness, according to the…
Terra Industries Urges African Startups: Focus on Revenue Before Chasing Valuations
Abuja-based Terra Industries, a defence technology startup, is sending a clear message to Africa’s budding entrepreneurs: focus on real revenue…
Top 5 Nigerian Stocks to Watch This Week: Dangote Sugar, Fidelity Bank, GTCO, May & Baker, and Presco
Nigeria’s stock market continues to present opportunities for investors looking for strong growth and promising returns. This week, five companies…
Nigerian Equities Market to Remain Range-Bound Amid Investor Caution
The Nigerian equities market is expected to remain range-bound in the near term as investors continue to tread carefully amid…
European Markets Open Week Slightly Higher Amid Geopolitical Tensions
European stocks started the week in positive territory on Monday, with the pan-European Stoxx 600 index inching up 0.1% in…
Dangote Refinery Becomes Key Player in Global Fuel Market Amid Europe and U.S. Plant Shutdowns
Africa’s richest man, Aliko Dangote, is positioning his Lagos-based mega-refinery as a critical player in the global fuel market. As…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria has recorded a 14% increase in exports to Africa in the first half of 2025, reaching a total of…
Nigeria’s Money Supply Hits N124.4 Trillion as Currency Circulation Rises
Nigeria’s money supply (M²) rose by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, up from N122.9 trillion…
Nigeria’s Stock Market Hits Historic Highs in 2026—but Hidden Risks Lurk Beneath the Rally
Nigeria’s stock market has entered 2026 on a historic high, with total market capitalization crossing the ₦100 trillion mark and…
Private Sector Credit Rises to N75.8 Trillion in December 2025 as CBN Policies Begin to Bite
Private sector credit in Nigeria climbed to N75.8 trillion in December 2025, up from N74.63 trillion in November, according to…
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions…
LIRS Targets Banks, Employers to Recover Unpaid Taxes Under New Enforcement Powers
The Lagos State Internal Revenue Service (LIRS) has announced plans to intensify efforts to recover unpaid taxes by enforcing its…
Dangote Refinery Switches to Lighter Crude as Cracker Downtime Slows Ramp-Up
The Dangote Petroleum Refinery has switched to processing lighter crude oil as it works to limit production disruptions caused by…