The local equities market experienced a sharp pullback after days of consistent gains. Investors stepped in to lock in recent profits across major blue-chip companies. Consequently, the NGX market capitalization profit-taking drove total equity values down by N1.17 trillion in…
Air travel in Nigeria is set to become less stressful for domestic passengers. The aviation regulator announced new plans to upgrade luggage handling using modern digital tracking technology. As a result, air travelers will soon monitor their checked luggage live…
The Nigeria Customs mid-year revenue figures show a dramatic turnaround for maritime trade and border control. By collecting N4.03 trillion in the first six months of 2026, the service has outpaced initial performance projections. Consequently, this surge keeps the agency…
Heirs Life Assurance has appointed Pastor Jerry Eze, founder and lead pastor of Streams of Joy International Ministry, as an independent non-executive director (NED) on its board, effective August 10. In a statement released on Monday, the company noted that…
The Nigerian stock market valuation crossed a historic threshold this week. Local trading floors witnessed a strong rebound, propelled by intense demand for telecom equity. Investors watched index benchmarks jump following weeks of cautious trading. This surge highlights shifting liquidity…
The Nigeria Revenue Service (NRS) has stated in an internal report that Nigeria’s economy today is demonstrating strong signs of full recovery and accelerated growth following a series of difficult structural reforms. According to the agency, the upward trajectory stems…
Acquiring or renewing a international passport from abroad often presents severe logistical hurdles for citizens in the diaspora. To address these lingering challenges, the Federal Government officially deployed a specialized NIS passport intervention team UK task force on August 10,…
According to the Debt Management Office (DMO), the Federal Government spent N3.14 trillion on domestic debt servicing in the first quarter (Q1) of 2026. The official figures were disclosed in the DMO’s latest domestic debt service report for Q1 2026.…
Nigeria’s newly established tax referee is shedding light on where small businesses and taxpayers face their biggest challenges. Speaking at a media briefing in Lagos, Dr. John Nwabueze, Chief Executive of the Office of the Tax Ombud, revealed that most…
Nigeria’s civil aviation regulator is warning lawmakers against slashing its main source of income. Specifically, the Nigeria Civil Aviation Authority (NCAA) insists that reducing its statutory funding could weaken flight safety across local airports. Speaking at a House of Representatives…
Running an enterprise across Nigeria today requires navigating a maze of overlapping financial demands. Daily, small business owners face conflicting revenue collectors representing federal, state, and local councils. Although federal authorities promise sweeping fiscal reforms, entrepreneurs on the ground still…
Maintaining stability across the national financial sector requires strict oversight and unwavering enforcement of capital standards. Consequently, the NAICOM revokes Nigeria Reinsurance license after the historic institution failed to meet statutory capital requirements under the Nigerian Insurance Industry Reform Act…
Navigating the bustling streets of Africa’s most populous megacity requires a massive shift toward modern urban mobility. Consequently, the Lagos Danfo bus replacement system has officially taken a major leap forward after the state government signed a historic pact with…
Energizing the economy requires bold steps toward expanding deepwater oil and gas operations. In a major move to revive national crude output, regulators are projecting that NUPRC offshore oil projects investment could unlock between $30 billion and $50 billion in…
Building a home or commercial property across the nation has become significantly more expensive for private developers and public contractors. Despite these sharp cost increases, Nigeria cement firms revenue 2026 reached a historic combined total of N3.2 trillion during the…
