- Business
NGX Group, DEG, corporates advance net-zero transition to unlock climate capital
Nigerian Exchange Group (NGX Group), in collaboration with Germany’s development finance institution DEG and Africa Foresight Group, convened a CEO Roundtable to accelerate corporate climate commitments and position Nigerian corporates for access to climate-linked capital estimated at $2.5–$3.0 billion. The NGX–DEG CEO Roundtable brought together corporate leaders, development finance institutions, and market stakeholders to advance the NGX Net-Zero Programme (N-Zero),…
Read More » - Economy
BREAKING: Amid CPI methodology review, Nigeria’s inflation rate hits 15.15% in December 2025
Nigeria’s headline inflation eased sharply to 15.15per cent in December 2025, following a methodological review by the National Bureau of Statistics ((NBS). The ease in inflation rate signal a significant moderation in price pressures compared with both the previous month and the same period last year. Data from the latest Consumer Price Index report showed that the CPI rose to…
Read More » - Economy
LIRS reiterates January 31st deadline for employers’ annual tax returns filing
The Lagos State Internal Revenue Service (LIRS) has reiterated the statutory deadline of 31st January 2026 for all employers of labour in Lagos State to fulfil their statutory obligation to file their annual tax returns for the 2025 financial year. In a statement issued on Thursday, the Executive Chairman of LIRS, Dr Ayodele Subair, reminded employers that the obligation to…
Read More » - Economy
VAT on banking fees is not new, NRS clarifies
The Nigeria Revenue Service (NRS) on Thursday clarified that Value Added Tax (VAT) on banking fees was not introduced by the Nigeria Tax Act, stressing that VAT has always applied to fees, commissions, and charges for services rendered by banks and other financial institutions. The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and…
Read More » - Economy
Budget Office refutes report of NEDC’s N246bn allocation as “salaries budget”
The Budget Office of the Federation has rejected recent claims, alleging that the Northeast Development Commission (NEDC) operates a N246 billion “salaries budget.” Director General, Budget Office of the Federation, Tanimu Yakubu in a statement noted that the assertion is misleading, inaccurate, and rooted in a fundamental misunderstanding of the Federal Government’s budgeting framework. According to him, contrary to…
Read More » - Business
Zichis Agro-allied Industries plans to list N1.09bn worth of shares on NGX
Zichis Agro-allied Industries Plc has completed a board meeting in Lagos with the capital market regulating bodies, financial advisers and shareholders amid its plans to List by Introduction a N1.09 billion worth of shares on the floor of the Nigerian Exchange Limited (NGX). The agro-allied company is planning a Listing by Introduction on the growth board of NGX a 600…
Read More » - Business
SEC, Police pledge to forge alliance against illegal schemes
The Securities and Exchange Commission (SEC) and the Nigeria Police Force have agreed to forge an alliance against illegal scheme operators, investment frauds, and cryptocurrency frauds in a bid to protect the hard-earned savings and the financial dreams of the Nigerian people. Director General of the SEC, Dr. Emomotimi Agama stated this during a meeting with the Inspector General of…
Read More » - Business
NGX admits 3.16bn shares of UBA
The Nigerian Exchange Limited (NGX) on Wednesday admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List. The listing of UBA’s 3.16 billion share on the bourse signal a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory…
Read More » - Business
Nigeria growth to hit 4.4% in 2027, says World Bank
The World Bank has retained Nigeria’s economic growth forecast at 4.4per cent for 2027, signalling sustained optimism about the country’s medium-term outlook despite lingering structural challenges. This is according to the World Bank’s Global Economic Prospects report released in January 2026, which aligns with the projection earlier published in its Nigeria Development Update (NDU) in October 2025. The Bretton Woods…
Read More » - Uncategorized
Letters of credit dispute: Court orders CBN, NDIC to freeze N7.15bn linked to Parallex Bank
A Federal Capital Territory (FCT) high court has ordered the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to freeze N7.15 billion linked to Parallex Bank Limited. The order was issued by Hauwa Gummi, judge of the high court sitting in Asokoro, Abuja, following an ex parte application filed by FHT Mega Express Limited. In the…
Read More »
Follow our WhatsApp Channel