Business

The Nigeria Civil Aviation Authority (NCAA) has reiterated its directive to all domestic airlines operating in the country to comply fully with provisions for Persons with Reduced Mobility (PRM) and passengers with disabilities. In a statement signed on Friday by Michael Achimugu, Director of Public Affairs and Consumer Protection, for the Director-General of Civil Aviation, the Authority directed airlines to…

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of employers’ annual tax returns by one week, from February 1 to February 7, 2026.  In a statement issued on Friday, the Executive Chairman of LIRS, Dr. Ayodele Subair, explained that the statutory deadline for filing of employers’ annual tax returns is January 31, every year. He…

The Federal Airports Authority of Nigeria (FAAN) has directed four leading freight forwarding associations to vacate their offices at the Hajj and Cargo Terminal of the Murtala Muhammed Airport (MMA), Ikeja, Lagos, with immediate effect. Those affected are the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Africa Association of Professional…

 The equities market section of the Nigerian Exchange Limited (NGX) on Thursday appreciated by N232 billion to revise the negative direction, closing higher than the prior day, amid renewed buying interest across the spectrum. The All Share Index (ASI) gained by 362.93 points, representing a growth of 0.22 per cent to close at 165,527.31 points. Also, market capitalisation appreciated by…

The Economic and Financial Crimes Commission (EFCC) on Thursday, January 29, 2026, arraigned BFI Group Corporation and six individuals before Justice M.S. Idris of the Federal Capital Territory (FCT) High Court, Jabi, Abuja, over an alleged €100 million (One Hundred Million Euros) fraud. The defendants – Reuben M. Jaja, Uzor Chidi Jerry, David Femi James, Imeobong Jumbo Udom, Adeola Edward,…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reaffirmed the agency’s commitment to strengthening inter-agency collaboration during a courtesy visit by the Director General of the National Broadcasting Commission (NBC), Mr Charles Ebuebu, aimed at exploring partnerships in digital transformation and regulatory frameworks across Nigeria’s media and technology sectors. Inuwa said digital transformation and…

The proposed merger between Providus and Unity banks has reached the final stage, with an official announcement expected soon. The merger is one of the three consolidations expected in early 2026 as tier-2 lenders scramble to meet the recapitalisation deadline set by the Central Bank of Nigeria (CBN). TheCable in a report stated that sources aware of the development —…

The Central Bank of Nigeria (CBN) has officially upgraded the operating licences of several leading financial technology firms and microfinance banks (MFBs) to national status. The announcement was made by Yemi Solaja, director of the other financial institutions supervision department at the CBN, during the annual committee of Heads of Banks’ Operations (CHBOs) conference in Lagos. Solaja noted that the…

The Federal Government has commenced the plotting of coordinates of disputed and newly drilled oil and gas wells across the country following the completion of a verification exercise. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr Mohammed Bello Shehu, disclosed this on Monday during a flag-off ceremony at the Commission’s headquarters in Abuja. Dr Shehu said…

The Naira gained against the Dollar at the official foreign exchange market on Friday to end the week on a good note. Friday’s uptrend came as the country’s external reserves hit the $46 billion mark. The Central Bank of Nigeria’s data showed that the Naira appreciated to N 1,421.63 against the dollar on Friday, up from N 1,422.07 traded on…