Africa's richest man and President of the Dangote Group, Aliko Dangote, has called on the Nigerian government to take necessary steps towards addressing longstanding power sector challenges, warning that the country’s quest for industrial development will remain a mirage with persisting unstable electricity supply. Speaking at the launch of the Nigeria Industrial Policy (NIP) 2025 in …
The Federal Airports Authority of Nigeria (FAAN) has announced a total ban on all cash transactions at airports nationwide, effective February 28, 2026. The directive was contained in an internal memo signed by the Managing Director and Chief Executive, Mrs Olubunmi Kuku. This move is in compliance with the federal government’s mandate to transition all …
The Federal government has said it will undertake a comprehensive review of MTN Group’s $6.2 billion acquisition of IHS Holding Limited. The Minister of Communications, Innovation and Digital Economy, 'Bosun Tijani, disclosed this in a statement on Tuesday. He noted that the assessment would be conducted in collaboration with relevant regulatory authorities to determine its …
The Nigeria Revenue Service (NRS) has fixed January 2028 as the deadline for the full transition to mandatory electronic invoicing. The move, the agency says, will transform tax administration through real-time transparency, reduced fraud and improved economic planning. Project Manager for the e-invoicing implementation, Mohammed Bawa, made this known on Tuesday at a stakeholders’ workshop …
The Corporate Affairs Commission (CAC) has removed more than 400,000 inactive companies from Nigeria’s corporate register in 2025, marking the largest clean-up exercise in its history. The Registrar-General of the Commission, Hussaini Magaji, disclosed the development in Abuja during activities marking the agency’s 35th anniversary. He explained that most of the affected entities had failed …
Despite sweeping reforms that ended Nigeria’s long-standing fuel subsidy regime, many citizens are yet to feel the full economic impact of the policy shift, an economist and energy expert, Kelvin Emmanuel, has said. Mr Emmanuel, who is the co-founder and CEO of Diary Hills, said even though the removal of the fuel subsidy was a …
Opposition lawmakers on Tuesday staged a walkout from the House of Representatives following the adoption of the Senate’s version of the Electoral Act amendment bill on electronic transmission of election results. The protest occurred during plenary as the House considered and approved the position earlier passed by the Senate on the contentious issue of e-transmission. …
The Nigerian Debt Management Office (DMO) has announced plans to offer N800 billion in federal government bonds at N1,000 per unit, marking one of the highest-yielding bond sales in recent years. The DMO revealed the offer in a social media post on Tuesday, detailing three separate bond issues. According to the debt office, the offers …
Fresh turmoil erupted on Tuesday at the National Assembly Complex in Abuja after police officers fired tear gas at protesters. The demonstrators had gathered to oppose the Senate’s approval of both electronic transmission and manual collation of election results. Tension rose at the main entrance when some protesters tried to move closer to the gate. …
A prosecution witness on Monday told the Federal High Court in Abuja that several financial transactions traced to the Kogi State Government were linked to Ali Bello, chief of staff to Usman Ododo, in the ongoing N10.2 billion fraud case instituted by the Economic and Financial Crimes Commission (EFCC). The witness, Ahmed Abubakar, an EFCC …
