Dangote Sugar Refinery Plc obtained shareholder approval for a N500 billion rights issue, allowing the business to strengthen its financial position, grow its capital base, accelerate strategic objectives, and fund…
The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) guidelines set to take effect from May 1, 2026, aimed at strengthening identity security and reducing fraud…
President Bola Tinubu has approved a payment plan to repay the power industry's N3.3 trillion outstanding debt as part of the presidential power sector financial reforms initiative. Bayo Onanuga, the…
Workers at Seplat Energy, Nigeria's independent oil and gas firm, have launched an indefinite strike. Jerry Amah, the general secretary of the Petroleum and Natural Gas Senior Staff Association of…
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has extended the deadline for filing individual yearly income tax returns by one month, moving it from March 31 to April 30,…
The deadline for filing individual yearly income tax returns has been extended to April 14 by the Lagos State Internal Revenue Service (LIRS). LIRS requested on February 25 that Lagos…
The Nigerian Communications Commission (NCC) has ordered mobile network operators (MNOs) to compensate users for poor quality of service (QoS) in locations where performance falls short of regulatory expectations. In…
The Dangote refinery claims it has dropped the ex-gantry fuel price to N1,200 per litre. The price cut is a N75 decrease from the previous cost of N1,275 per litre.…
The Central Bank of Nigeria (CBN) has announced that it has removed the cash pooling requirement for international oil firms (IOCs), allowing them unfettered access to their export revenues. Cash…
According to figures from the Central Bank of Nigeria (CBN), Nigeria's petrol import bill reduced to $10 billion by 2025. In its 2025 balance of payments (BOP) report, the bank stated…
