FIRS Imposes 10% Withholding Tax on Short-Term Investment Earnings
The Federal Inland Revenue Service (FIRS) has announced a new directive mandating banks, stockbrokers, and other financial institutions to begin deducting a 10% withholding tax…
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Nigeria Introduces New $11.5 Aviation Levy for International Travellers Starting December 2025
Beginning December 1, 2025, all international passengers flying into or out of Nigeria will be required to pay an additional $11.50 levy per ticket under…
Farmers Blame Food Imports as Prices Crash Nationwide
Farmers and the Federal Government are at odds over the recent sharp drop in food prices across Nigeria, with both sides offering different explanations for…
FG Sets Up Committee to Resolve GenCos’ ₦4 Trillion Debt Crisis
The President Bola Tinubu-led Nigerian government has constituted a committee to resolve the longstanding debt crisis plaguing Power Generation Companies (GenCos). The move, coming after…
Dangote Refinery Set to Begin Crude Oil Production as Upstream Assets Come Onstream
The Dangote Refinery is expected to begin crude oil production soon, according to a report by S&P Global. The company’s upstream oil assets, Oil Mining…
LCCI Warns Nigeria’s Soaring Debt Could Threaten Fiscal Stability
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over Nigeria’s rising public debt, warning that the country’s current pace of borrowing could…
Drama in Lagos: NDLEA Raids Pretty Mike’s Club, Nabs BBN’s Tuoyo and Dozens of Partygoers
The National Drug Law Enforcement Agency (NDLEA) has arrested popular Lagos socialite Mike Eze Nwalie Nwogu, better known as Pretty Mike, along with over 100…
CBN Releases $1.26bn for Fuel Imports Despite Dangote Refinery Output
The Central Bank of Nigeria has released a total of $1.259 billion to oil sector players for the importation of petroleum products and related items…
EFCC Arraigns Reaprite CEO Ayodele Toyosi for Alleged ₦442.7m Fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned one Ayodele Toyosi, alongside his companies, Reaprite Global Limited and Agrorite Limited before R.A. Oshodi, Justice…
Tinubu Reshuffles Military Leadership, Appoints New Service Chiefs
President Bola Tinubu has announced a sweeping shake-up of Nigeria’s military leadership, removing Chief of Defence Staff General Christopher Musa and other service chiefs in…