The Centre for the Promotion of Private Enterprise (CPPE) has called for a strategic implementation framework that prioritises revenue efficiency over blanket enforcement measures as the new tax laws kick off. The Centre made the call in a statement on Sunday by its Chief Executive Officer, Muda Yusuf, citing a specific issue in the tax …
In a recent decision that could have significant implications for global oil markets, OPEC+ has chosen to hold off on its planned increases to oil production through the first quarter of 2026. The move comes in response to a market surplus and ongoing uncertainty surrounding Venezuela’s oil production. At a brief meeting on Sunday, key …
The National Assembly has published the four tax reform Acts signed into law, following concerns over alleged alterations and the circulation of unauthorised and misleading versions of the legislation. The House of Representatives made this known in a statement on Saturday, signed by its spokesman, Akintunde Rotimi. He said the Speaker of the House of …
The Chairman of First HoldCo Plc, Femi Otedola, has called on the Central Bank of Nigeria (CBN) to increase the minimum capital threshold for international banks to ₦1 trillion. The billionaire businessman and serial investor made the call in a statement on Friday. He believes that Nigeria’s ambition to build a $1 trillion economy by …
The Nigerian stock market kicks off the year in the green on Friday, January 2, with ₦561.55 billion gained by investors. The positive momentum maintained on the floor of the Nigerian Exchange Limited (NGX) saw the market capitalisation rise to ₦99.94 trillion from ₦99.38 trillion, as the market ended on Wednesday, December 24, 2025. Similarly, …
The Securities and Exchange Commission (SEC) stated that it would focus on mobilising long-term capital to bridge Nigeria’s infrastructure gaps, streamline regulations, and promote innovative financial instruments that drive investment into productive sectors. The SEC Director General, Emomotimi Agama, said in a New Year's Message on Thursday. Specifically, he said the commission would facilitate the …
Obiageli “Oby” Ezekwesili, founder of the School of Politics, Policy and Governance (SPPG), has called for the suspension of any version of the Tax Reform Act currently in circulation. She made the call in a public memorandum she addressed to President Bola Tinubu and the National Assembly. Titled 'Credibility Crisis in the Nigerian Tax Reform …
Senate President Godswill Akpabio has ordered the withdrawal of all ongoing defamation lawsuits filed in his name, saying the decision followed personal reflection during a New Year Mass. Akpabio made the announcement on Thursday while speaking at Sacred Heart Parish in Uyo, Akwa Ibom State. He said he was deeply moved by the priest’s sermon, …
Nigerian President Bola Tinubu has highlighted nine key priority areas his administration plans to focus on in 2026. He highlighted this in his New Year's Goodwill Message to Nigerians released on Thursday, January 1. He believes that 2026 marks the beginning of a more robust phase of economic growth. Reflecting on 2025, he noted that …
Presco Plc said its recent rights issue was 103 per cent subscribed, highlighting solid investor backing and confidence in the company’s strategic direction and growth outlook. A fully integrated edible oils and fats company, Presco, announced this in a statement on Wednesday, signed by its Secretary, Frederick Ichekwai. It stated that the Rights Issue attracting …
