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Business & Economy
4701 posts
FG Dismisses Reports Of New Telecoms, Fuel Taxes
The Federal Government has dismissed reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the publication of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.
17/06/2026
Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa — IMF
A newly released report by the International Monetary Fund (IMF) has said that stablecoins now form a key bridge between crypto markets and the traditional financial system in Nigeria, ranking the country top in inflows in Sub-Saharan Africa.
16/06/2026
What really happened to ₦5.9bn? SERAP drags NNPCL to Court
The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal action against the Nigerian National Petroleum Company Limited (NNPCL), seeking judicial intervention to compel the state-owned oil company to account for an alleged ₦5.9 billion spent on its incorporation, transition and rebranding from the Nigerian National Petroleum Corporation (NNPC) to NNPCL.
14/06/2026
UBA clinches African technology award for digital banking excellence
United Bank for Africa (UBA) has won the African category of the 2026 Banker Technology Awards for its use of technology, digital payments, and artificial intelligence to improve banking services across Africa.
10/06/2026
Senate Advances Crypto Regulation Bill To Protect Investors, Strengthen Digital Economy
The Senate has passed the Virtual Asset Service Providers Regulation Bill, 2026 for second reading as part of efforts to establish a legal and regulatory framework for cryptocurrency and digital asset operations in Nigeria.
09/06/2026
World Environment Day: Agricultural Finance Key to Climate Resilience in Nigeria, Says Union Bank Executive
Lagos, Nigeria – As the world commemorates World Environment Day, Executive Director of Business Banking at Union Bank, Dr. Mannir U. Ringim, has called for greater investment in agriculture, arguing that financing farmers is one of the most effective climate actions Nigeria and West Africa can undertake.
05/06/2026
Lagos Film Industry Booms As Government Issues Over 2,000 Filming Permits, Trains Over 10,000 Young Creatives
The Lagos State Film and Video Censors Board (LSFVCB) says it has issued more than 2,000 filming permits to filmmakers and production companies in the last year, saying that the development reinforces Lagos’ dominance as Nigeria’s film production hub.
25/05/2026
Marketers Raise Concerns Over Scarcity As Cooking Gas Hits ₦1,500/Kg
Gas marketers have raised concerns about the scarcity of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, and rising prices, which have risen to as high as ₦1,500 per kg from about ₦1,300 per kg, depending on the area.
25/05/2026
FirstBank, Visa Unveil Naira Debit Card to Deepen Nigeria’s Cashless Economy
First Bank of Nigeria Limited has launched a new Naira Visa Debit Card in partnership with Visa to accelerate electronic payments and drive financial inclusion across Nigeria.
24/05/2026
Dangote Refinery drags NNPC, Marketers to Court over Fuel Imports
Dangote Refinery has reopened its legal battle against fuel importation in Nigeria, filing a fresh suit seeking the cancellation of petrol import licences issued to the Nigerian National Petroleum Company Limited and several oil marketers.
15/05/2026
