The Nigeria Revenue Service (NRS) has launched a new digital tax administration platform, Rev360, as part of efforts to identify tax evaders. It is also to enable it to strengthen compliance and modernise revenue collection across the country. Speaking at the unveiling in Abuja on Wednesday, the Executive Chairman of the NRS, Zacch Adedeji, described …
The Centre for the Promotion of Private Enterprise (CPPE) has called on the House of Representatives to reject the Sugar-Sweetened Beverage (SSB) Tax Bill recently passed by the Senate. The group said the proposed legislation could hurt manufacturing, discourage investment, and put jobs at risk. The call comes as pressure mounts on the lower chamber …
The Group Chief Executive of FCMB Group, Mr. Ladi Balogun, has described the Ojude Oba Festival as more than a cultural celebration, saying it has evolved into a major platform for economic activity, tourism promotion and community development in Ijebuland. Balogun stated this in a goodwill message at the 2026 Ojude Oba Festival held in …
DataPro has identified credit ratings as a critical tool for restoring investors' confidence and unlocking long-term financing in Nigeria’s struggling power sector. The Nigerian technology-driven Credit Rating Agency stated this in its latest Monthly Rating Brief for June, warning that persistent liquidity shortages, mounting debts and weak cash flows continue to undermine the industry’s sustainability. …
Nigeria has taken a significant step in protecting innovation and strengthening the intellectual property ecosystem with the official launch of the World Intellectual Property Organisation (WIPO) Office in Abuja. The WIPO office, which is the first to be established in Sub-Saharan Africa, was officially opened on Monday, June 1, 2026. According to a statement issued …
Nigeria's stock market is witnessing a remarkable surge in activity, but beneath the impressive growth figures lies a significant shift in investor composition, Pinnacle Daily can report. While total transactions on the Nigerian Exchange Limited (NGX) climbed to ₦1.8 trillion in April 2026, foreign investors are steadily losing ground to domestic players, raising questions about …
The Federal Government may lose close to $1 million in customs duties and taxes if the planned disposal of more than 2,500 empty shipping containers by Grimaldi Nigeria proceeds without compliance with existing customs regulations, a maritime industry expert has warned. Speaking during an interactive session with members of the Shipping Correspondents Association of Nigeria …
A new report by the Alliance for Economic Research and Ethics (AERE) has revealed that Nigerian banks are allocating just one per cent of total credit to small and medium enterprises (SMEs). This is despite the sector contributing 50 per cent of the country’s Gross Domestic Product (GDP) and employing 80 per cent of the …
The Nigerian stock market extended its bullish run in May 2026, with investors gaining approximately ₦4.52 trillion as strong performances in industrial, insurance, and banking stocks lifted key market indicators despite weakening market breadth. Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) rose by 3.35 per cent during the month, climbing …
The Nigerian National Petroleum Company Limited (NNPC) recorded an upsurge in revenue in April 2026 just as it witnessed a significant recovery in upstream production. The NNPC monthly report for April 2026, released on Saturday, indicates that its revenue rose by 79 per cent to ₦4.971 trillion in April from ₦2.774 trillion recorded in March. …
