The Nigerian government has reaffirmed its commitment to the implementation of the new tax laws, which will take effect on January 1, 2026, despite concerns raised by the House of Representatives over alleged discrepancies between the gazetted versions and those passed by lawmakers. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax …
Nigeria’s electricity generation has received a significant boost following the repair and restoration of the vandalised Lagos–Escravos gas supply pipeline, a development that has been welcomed by the Nigerian Independent System Operator (NISO). In a statement released on Friday, NISO confirmed that the restoration efforts have led to improved gas supply to key thermal power …
President Donald Trump has confirmed he’d ordered a deadly strike on Islamic State terrorists in Nigeria, who he has accused of persecuting Christians in the country. In a post on social media on Christmas day, Trump said he’d directed a “powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria,” who he said had …
Nigeria’s financial landscape saw significant shifts in 2025, with key events influencing the economy’s trajectory. From major reforms to foreign capital inflows, these activities played a crucial role in shaping Nigeria’s economic outlook. Here are the top 10 financial stories in Nigeria for 2025, backed by key data points that highlight their impact. 1. Nigeria …
In December 2025, the United States government announced new visa restrictions affecting Nigerian nationals, introducing partial travel limits and heightened scrutiny for several visa categories. The move is part of a broader Trump administration immigration policy shift that expands travel restrictions to multiple countries, including Nigeria, amid cited security and compliance concerns. While U.S. officials …
First Holdco Plc, the parent company of First Bank of Nigeria and other financial brands, has reported its financial performance for the nine months ended September 2025. Despite a significant 71.70% rise in net interest income, the company faced a 12.96% decline in profit after tax (PAT). In this period, gross earnings increased by 17.07% …
A final group of 130 kidnapped Nigerian schoolchildren freed by the government on Sunday are expected to be reunited with their families in the central Niger state on Monday, ending a month-long ordeal that drew global concern. The children were among more than 300 pupils and 12 staff seized from St. Mary's Catholic School in Papiri, a …
The U.S. has recently imposed new partial travel restrictions on Nigerian nationals, impacting several visa categories. Here’s what you need to know about the latest developments: READ ALSO: How America’s New Travel Restrictions Will Punish Ordinary Nigerians What Is the New Travel Restriction? The U.S. has suspended entry for Nigerians applying for certain visa categories due …
The National Pension Commission (PenCom) has commenced the disbursement of the N758 billion bond approved by the Federal Government to clear outstanding pension liabilities. This move is part of a broader strategy to future-proof the Nigerian pension industry, solidifying its role in national stability and long-term development. PenCom’s 365 Days Scorecard: Achievements and Progress PenCom's …
Amid domestic and global economic uncertainties, FCMB Pensions, a subsidiary of FCMB Group Plc, is targeting a N1.2 trillion growth in Assets Under Management (AUM) by the end of December 2025. This ambitious goal reflects the company’s resilience in navigating financial challenges and its commitment to becoming a major player in Nigeria's pension industry. FCMB …
